FDIC Report Ranks UMB Bank No. 1 in Deposit Market Share in Kansas City

UMB Bank, n.a., the lead bank of UMB Financial Corporation (NASDAQ:UMBF), has become the top bank in deposit market share in the Kansas City metropolitan region according to the official FDIC report released October 4, 2011. The report determines the deposit market share for each institution within a defined geographic area (Kansas City), and the deposits are based on the branch/office deposits for all FDIC-insured institutions as reported on the annual Summary of Deposit survey for FDIC-insured institutions as of June 30, 2011.

“We’re proud of this achievement and know there are many factors at work here – among them our ability to maintain strong relationships with new and existing clients, recognition of our continued dedication to the Kansas City community and businesses, and the investments we have made in hiring the best people,” said Mariner Kemper, chairman and CEO of UMB Financial Corporation. “Our goal has never been to be the biggest bank in the Kansas City area, but this growth is confirmation of how well our business strategy is working. Most notably perhaps, these deposits were earned through organic growth – not through acquisitions of other banks.”

Despite unprecedented economic conditions from 2007 to 2011, UMB has outpaced other Kansas City area banks in deposit market share growth. UMB Bank deposit market share has increased from 7.52 (2007) to 13.43 (2011). Essentially, UMB is "the fastest growing bank in Kansas City." UMB becomes the first bank in Kansas City to surpass $5.5 billion in deposits since the FDIC has been tracking records (1994).

“We believe it is clear the people and businesses of Kansas City’s five-county region, and beyond, realize their money is in a good place with UMB,” said Peter deSilva, CEO of UMB Bank. “We have made significant investments in products and services, such as private banking and wealth management. As our headquarters and home town, Kansas City is our most important market and it is a significant feeling of accomplishment to know people in this community put their trust in UMB Bank.”

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 commercial, institutional and personal customers nationwide. Its banking subsidiaries own and operate 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 Scout Investments, offering equity and fixed income investment strategies for institutions and individual investors. For more information, visit umb.com or follow us on Twitter at @UMBFinancial

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