UMB Financial Corporation Announces Common Stock Repurchase and Quarterly Cash Dividend
April 24 2007 - 2:50PM
Business Wire
The Board of Directors of UMB Financial Corporation (NASDAQ: UMBF)
today declared a quarterly cash dividend of $0.14 cents per share,
payable on July 2, 2007 to shareholders of record at the close of
business on June 11, 2007. The Board of Directors also authorized
the repurchase of up to two million shares of the company's common
stock during the next 12 months. Shares purchased under the program
will be used for general corporate purposes and may be available
for re-issuance in connection with the company's stock plans and
dividend reinvestment plan. The company may repurchase the shares
from time to time in open market or privately negotiated
transactions at the company's discretion, and on such terms,
including, without limitation, quantity, timing and price, as
management may determine to be in the company's best interest.
About UMB UMB Financial Corporation is a multi-bank holding company
headquartered in Kansas City, Mo., offering complete banking, asset
management and related financial services to both individual and
business customers nationwide. Its banking subsidiaries own and
operate 138 banking centers throughout Missouri, Kansas, Illinois,
Colorado, Oklahoma, Nebraska and Arizona. Subsidiaries of the
holding company and the lead bank, UMB Bank, n.a., include an
investment services group based in Milwaukee, Wisconsin, a trust
management company in South Dakota, and single-purpose companies
that deal with brokerage services and insurance.
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