Scout Investment Advisors, Inc. Repositioned as UMB Financial Corporation Subsidiary

UMB Financial Corporation (NASDAQ: UMBF) announced today that it is restructuring its asset management business which manages and distributes investment services to the institutional market. This move repositions Scout Investment Advisors, Inc. (SIA), as a subsidiary of the holding company rather than UMB Bank, n.a., and also creates a new subsidiary Scout Distributors, LLC to market and sell the services. The change is effective June 30, 2009.

This strategic transition further establishes UMB Financial Corporation as a sound and fully integrated financial services holding company. With this change, Scout Investment Advisors, Inc. will continue to manage the UMB Scout Funds and will take over management of all institutional separately managed accounts and specific large individual separately managed accounts currently overseen by UMB Bank. Additionally, the UMB Scout Mutual Fund family will now be known as �Scout Funds,� (removing �UMB�) but will maintain their current ticker symbols.

�The restructuring of our Scout Investment Advisors subsidiary and creation of a distribution arm subsidiary emphasizes our commitment to exceptional and focused asset management,� said Clyde Wendel, chairman and CEO, Scout Investment Advisors, Inc. and president, UMB Asset Management. �The SIA team will continue to meet the needs of our mutual fund and institutional clients with the same time-tested investment and management strategies. We believe this change will allow us to become more competitive and expand opportunities in the marketplace.�

Scout Investment Advisors, Inc. is a responsible investment organization established to generate long-term results by providing money management solutions. The firm�s high-touch management philosophy utilizes each fund manager�s unique skills and expertise while implementing an investment process to deliver strong performance in varying market conditions.

�This strategic move allows us to attract and retain the best and the brightest while continuing to bring high quality institutional investment products to the marketplace,� said Gary DiCenzo, president and CEO, Scout Distributors, LLC.

Additional information is available at the new Scout Investment Advisors� Web site at scout-ia.com.

You should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus which contains this and other information about the Funds, call 800-996-2862 or click on prospectus. Please read the prospectus carefully before investing.

The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a.

"UMB," "Scout" and the Scout design are registered service marks of UMB Financial Corporation.

NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE

About UMB:

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Missouri, offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 138 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include a fund services group based in Milwaukee, Wisconsin, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company�s proprietary mutual funds.

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