UMB Financial Corporation (UMBF)

Oct 31, 2026

UMB Financial (UMBF) is proposing to acquire El Dorado Savings Bank for $506 million, a deal structured as 52% cash and 48% stock. This acquisition is expected to increase UMB's retail deposits by 13% and will add $2.4 billion in assets and 35 branches across California and Nevada. UMB Chairman and CEO Mariner Kemper expressed confidence in the deal, noting El Dorado's low-cost, "sticky" deposits and the strategic opportunity to expand UMB's presence, particularly in the Sacramento and Lake Tahoe areas.

Oct 27, 2026

UMB Financial Corp. announced its agreement to acquire El Dorado Savings Bank for $506 million in a transaction consisting of 52% cash and 48% stock. This acquisition will significantly expand UMB's presence on the West Coast, adding 31 branches in California and expanding its network to 227 branches in 15 states, including a new entry into Nevada. El Dorado CEO David O. Cook will become vice chairman of UMB Bank California, and the deal is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals.