UMB Financial Receives Another National Recognition as a Top Performing Bank
September 17 2009 - 7:49AM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) announced its selection
by Sandler O'Neill and Partners (Sandler) as a top performer making
its "2009 Bank and Thrift Sm-All Stars" report.
Published annually, the report selects the top 30 performers
among the more than 500 publicly traded banks and thrifts in the
U.S. with a market capitalization of less than $2 billion. Company
selection is based on evaluation criteria which measures growth
trends, profitability and capital levels.
“Being recognized with this national distinction among
top-performing companies serves as a source of pride for us,” said
Mariner Kemper, Chairman and CEO of UMB. “Operating with the utmost
integrity is fundamental to our company. We see this as further
validation of our time-tested business model based on a proven risk
profile, strong underwriting standards and diversified revenue
streams.”
First published in 2004, Sandler's stated purpose for the report
is to "provide investors with a narrow list from which to uncover
the next crop of leading small-mid cap banks and thrifts, and most
important, expose them before they are discovered by the rest of
the world."
Earlier this year, UMB received a No. 5 ranking in a "stress
test" conducted by SNL Financial to determine the best capitalized
bank holding companies nationally.
About
UMB:
UMB Financial Corporation (NASDAQ: UMBF) is a financial services
holding company headquartered in Kansas City, Mo., 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 135
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 mutual fund and
alternative investment services groups, single-purpose companies
that deal with brokerage services and insurance, and a registered
investment advisor that manages the company’s proprietary mutual
funds and investment advisory accounts for institutional customers.
Visit umb.com for more company information.
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