UMB Receives Congressional Acclaim
April 08 2010 - 2:22PM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) was recognized late
yesterday afternoon by Congressman Barney Frank, Chairman of the
House Financial Services Committee for being named the highest
rated bank in the continental United States.
In the January 2010 issue, Forbes magazine evaluates America’s
100 largest banks. The rankings were based on criteria that measure
asset quality, capital adequacy and profitability. The rankings for
2009 named UMB the second-best bank behind Bank of Hawaii.
During a ceremony today at the downtown Kansas City Public
Library, Congressmen Frank, Emanuel Cleaver (D-Mo., 5th district),
and Dennis Moore (D-Kan., 3rd district) made an official
Congressional Record presentation to UMB, and Frank stated, “happy
to recognize the justifiably high rating from Forbes magazine …
congratulations on the excellent work you have done.”
"We are incredibly proud of the values, legacy, and leadership
that led to this distinguished recognition by Congress," said
Mariner Kemper, chairman and chief executive officer of UMB
Financial Corporation. "We have withstood the winds of change for
nearly 100 years because we have built a house made from
fundamental bricks of quality, diversity, and stability. Our roots
speak to the strong values each of our associates represent – doing
what is right, not just what is popular – is core to who we
are."
"We graciously accept and take pride in this recognition," said
Peter deSilva, president and chief operating officer of UMB
Financial Corporation. "It speaks to our ability to focus and
adhere to our responsible, time-tested business principles. We have
a strict approach to fiscal responsibility and maintain a profound
understanding of the people and businesses we serve – and our
customers, shareholders and associates would not want it any other
way."
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.” In
2008, Kemper was chosen “Community Banker of the Year” by American
Banker.
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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6242948&lang=en.
UMB Financial (NASDAQ:UMBF)
Historical Stock Chart
From Aug 2024 to Sep 2024
UMB Financial (NASDAQ:UMBF)
Historical Stock Chart
From Sep 2023 to Sep 2024