KANSAS CITY, Mo.--(BUSINESS WIRE)--
UMB
Financial Corporation (Nasdaq: UMBF) announced today that its
applications to acquire and merge with Marquette Financial Companies and
to merge Meridian Bank, n.a. and Meridian Bank Texas into UMB Bank, n.a.
have been approved by the Board of Governors of the Federal Reserve
System and the Office of the Comptroller of the Currency. The
transactions are expected to close on May 31, 2015.
Upon closing, UMB will acquire Marquette Financial Companies’ portfolio
of financial services businesses, including two banks with 13 branches
in Arizona and Texas, two national commercial specialty-lending
businesses focused on asset-based lending and factoring as well as an
asset-management firm.
“We are pleased to receive the necessary approvals to complete this
transaction and look forward to welcoming Marquette to the UMB family,”
said Mariner Kemper, chairman and CEO of UMB Financial Corporation. “The
most successful acquisitions result when complementary cultures and
values are brought together. That’s why we are excited about the
opportunities for success this merger creates for our company and our
valued customers.”
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. 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 umbfinancial.com,
umb.com,
blog.umb.com
or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
UMB Financial Corporation
Media Contact:
Kelli
Christman, 816-916-3240
Kelli.Christman@umb.com
or
Investor
Relations Contact:
Abby Wendel
Abigail.Wendel@umb.com
Source: UMB Financial Corporation