UMB Financial Corporation
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 1919 |
| Founder | W.T. Kemper and Associates |
| Headquarters | Kansas City, Missouri , United States |
Area served | United States, Ireland |
Key people | Mariner Kemper (Chairman and CEO), Peter deSilva (President) |
| Products | Deposit accounts, home mortgages, auto loans, business financing, credit cards, investment and wealth management services |
| Website | umb |
UMB Financial Corporation is a financial services holding company based in Kansas City, Missouri, United States. It provides a diverse array of financial offerings, including deposit accounts, credit facilities such as home mortgages, auto loans, business financing, credit cards, along with investment and wealth management services. UMB caters to individual clients, businesses, and institutional customers throughout the U.S. and Ireland.
Serving as the parent entity of UMB Bank, the corporation has been acknowledged by Forbes and S&P Global Market Intelligence among America's Best Banks for its strong asset quality, capital strength, and profitability. The company maintains banking and wealth management offices in Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona, and Texas.
History
The origins of UMB Financial trace back to 1919 when W.T. Kemper and Associates acquired a stake in City Center Bank and appointed R. Crosby Kemper as its president. In 1934, the bank was renamed City National Bank and Trust Company and moved to Kansas City's financial district. Leadership transitioned to R. Crosby Kemper Jr. in 1959, who implemented the institution’s inaugural computer processing system. After several acquisitions influenced by changing banking regulations, the organization restructured as Missouri Bancshares in 1969 and adopted the name United Missouri Bancshares (UMB) two years later.
Throughout the late 20th century, UMB expanded by acquiring FCB Corp. in Southern Illinois (1987), Valley Bank and National Bank of the West in Colorado Springs (1992), and Columbine National Bank in Denver (1992), eventually merging these entities into UMB Bank Colorado by 1994. Reflecting this regional expansion, the holding company rebranded as UMB Financial Corporation that same year. In 1995, it further grew by acquiring Oklahoma Bank and First Sooner Bancshares while launching online banking services via Visa Interactive.
During the early 2000s, UMB broadened its asset management portfolio through acquisitions such as Sunstone Financial Group (later renamed UMB Fund Services), State Street Bank & Trust Company of Missouri, and the formation of Scout Investment Advisors Inc.
In 2002, UMB obtained naming rights to St. Louis’ Riverport Amphitheatre—a sponsorship that ended in 2006. Leadership shifts occurred in 2004 with Peter deSilva appointed president and Mariner Kemper taking on chairman and CEO responsibilities.
A major growth milestone was reached in June 2015 with the acquisition of Marquette Financial Companies. This deal extended UMB’s presence into Minnesota, Texas, and Arizona while adding specialty lending divisions and asset management capabilities.
In April 2017, UMB sold Reams Asset Management and Scout Investments to Raymond James Financial for $172.5 million.
By the end of 2019, UMB operated a network of 91 branches across eight states: Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona, and Texas.
In 2025, UMB finalized its acquisition of Heartland Financial USA Inc., marking its entry into California, Minnesota, New Mexico, Iowa, and Wisconsin markets. This transaction consolidated ten regional banking units under the UMB Bank brand with plans for full operational integration by year-end.
Lines of Business
- Financing for Accounts Receivable
- Commercial Lending and Banking Services
- Healthcare Offerings: Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)
- Institutional Lending and Banking
- Personal Financial Services: Consumer Banking and Private Wealth Management
- Banking Solutions for Small Businesses
- Finance Services for Transportation
Subsidiaries
As of May 2025, the primary bank and holding company, UMB Bank, n.a., conducts operations via several subsidiaries. These include mutual fund and alternative investment divisions, brokerage and insurance firms, as well as a registered investment adviser responsible for managing proprietary mutual funds and institutional advisory portfolios.
- UMB Bank, National Association
- UMB Bank & Trust, National Association
- Heartland Financial USA, Inc.
- UMB Distribution Services, LLC
- UMB Financial Services, Inc.
- Marquette Asset Management, LLC
- Prairie Capital Management, LLC
- United Missouri Insurance Company