UMB Healthcare Services Named 2010 Model Bank by Celent

UMB Healthcare Services, a division of UMB Financial Corporation (NASDAQ: UMBF), announces today that it has received a 2010 Model Bank Award in the product development category from Celent, a research and consulting firm focused on the application of information technology in the global financial services industry.

UMB Healthcare Services was named a Model Bank for its Healthcare Exchange™, a unique integrated claims reimbursement portal that enables clients to work directly with UMB for their claims and reimbursement needs.

“We are honored to be recognized by Celent for our Healthcare Exchange™ product. This is truly an innovative service that allows payers to streamline processes, while improving customer service and satisfaction,” said Dennis Triplett, CEO of UMB Healthcare Services.

Celent’s Model Bank research aims to answer the question: "What would it look like for a bank to do everything right with today's technology?" UMB is among 18 financial institutions around the globe being recognized this year. The award was presented at Celent’s Innovation and Insight Day today in New York City.

"Celent is pleased to present UMB Healthcare Services with this award," said Jacob Jegher, senior analyst with Celent's Banking Group and author of the report. "Among the many excellent nominations this year, UMB was selected for its ability to integrate both financial and explanation of benefit information into a single portal while creating a more efficient process for payers.”

UMB Healthcare Services’ case study for the Healthcare Exchange™ is featured in Celent’s 2010 Model Bank report, available at www.celent.com.

Since the inception of Medical Savings Accounts in the late 1990s, UMB Healthcare Services has been a financial services leader in the healthcare market place. Today, UMB supports HSAs, FSAs and HRAs, and in conjunction with First Data Corporation was the first banking partner to provide multi-purpose card technology to the health care industry.

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. For more information, visit umb.com or follow us on Twitter at @UMBFinancial.

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