KANSAS CITY, Mo.--(BUSINESS WIRE)--
The American Bankers Association recently released its Top 100 Farm
Lenders by Dollar Volume for Q3 2015 and UMB Bank, a subsidiary of UMB
Financial Corporation (Nasdaq: UMBF), is ranked No. 33 on the list. The
rankings are based off information from FDIC data in Q3 2015 and loans
within the Agricultural and Farmland FRB Codes.
“UMB has always been in the agriculture lending business, given that our
footprint contains some of the most concentrated areas of ag resources
in the U.S. and the world,” said Bill Watson, president of UMB Bank’s
Agribusiness Division. “In late 2012, we expanded our focus, adding
relationship officers with specific expertise in dairy, food processing,
row-crop and seed production. Since that time, we’ve seen a 75 percent
increase in ag loan balances.”
In Q4 2012, UMB was ranked No. 49 on the ABA Top Farm Lenders list and
has since moved up 16 spots to No. 33. During that time, UMB’s ag loan
balances have grown from $281.3 million in Q4 2012 to $493.1 million as
of Sept. 30, 2015.
UMB’s Agribusiness Division serves all areas of agriculture, from
producers and processors to suppliers and manufacturers of equipment and
goods. The company has a well-established history in agricultural
lending. When UMB opened in Kansas City, Mo., 102 years ago, the city
was largely agricultural and the company generated many of its loans to
agribusinesses. Today, UMB serves more than 1,000 clients in this
industry.
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial
holding company headquartered in Kansas City, Mo., offering complete
banking services, payment solutions, asset servicing and institutional
investment management to customers. UMB operates banking and wealth
management centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska, Arizona and Texas, as well as two national
specialty-lending businesses. Subsidiaries of the holding company
include companies that offer services to mutual funds and
alternative-investment entities and registered investment advisors that
offer equity and fixed income strategies to institutions and individual
investors. For more information, visit umb.com,
umbfinancial.com,
blog.umb.com
or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006096/en/
UMB Financial Corporation
Kelli Christman, 816-860-5088
Kelli.Christman@umb.com
Source: UMB Financial