UMB Financial Ranked Second-Best Bank in America by Forbes

UMB Financial Corporation (NASDAQ: UMBF) announced it was ranked the second-best bank in America by Forbes in an end of the year evaluation of the 100 largest banks and thrifts in America.

“Being recognized by Forbes as the number two bank in America serves as a great source of pride for everyone at UMB. As most banks are looking forward to forgetting 2009, we look back knowing our hard work and adherence to traditional business practices continues to reap rewards,” said Mariner Kemper, chairman and CEO, UMB. “This ranking also shows that the regional banking model works. UMB sticks to our time-tested prudent business practices, such as making loans within our territory, building relationships with our customers and understanding that strong underwriting practices produce quality results.

“Our standards have remained unchanged in all economic conditions. This principle, as well as a focus on a diversified income stream from fee-based businesses, affords us steady growth,” Kemper said.

Forbes partnered with SNL Financial to determine the best banks by looking at eight financial measures including return on average equity, net interest margin, NPLs as a percentage of loans, NPAs as percentage of assets, reserves as a percentage of NPLs, two capital ratios (Tier-1 and risk-based) and leverage ratio.

Also in 2009, UMB Financial received recognition as being a top performer in Sandler O’Neill and Partners “2009 Bank and Thrift Sm-All Stars” report, a No. 5 ranking in a "stress test" conducted by SNL Financial to determine the best capitalized bank holding companies nationally, and a No. 21 ranking in Bank Insurance Market Research Group’s “2009 Who’s Who in Bank Wealth Management.”

UMB also chose to not participate in the federal government's TARP program.

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 136 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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