Legacy firm looks to deploy capital in M&A market

UMB FINANCIAL CORP., based in Kansas City, Mo., has drawn new attention from Wall Street, with Merrill Lynch rating it a "Buy," due in part to its efforts to create long-term value by gaining market share across geographies and its various business lines. According to Merrill Lynch, UMB ha...

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Bibliographic Details
Published in:BankBeat 2018-11, Vol.203 (12), p.32-33
Main Author: Dinnen, Steve
Format: Article
Language:English
Subjects:
Balance sheets
Banking
Financial services
Stockholders
Online Access:Get full text
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Summary:UMB FINANCIAL CORP., based in Kansas City, Mo., has drawn new attention from Wall Street, with Merrill Lynch rating it a "Buy," due in part to its efforts to create long-term value by gaining market share across geographies and its various business lines. According to Merrill Lynch, UMB has a strong legacy footprint, which leads "to sticky customer relationships on both sides of the balance sheet." While our bread and butter has been commercial and industrial lending, we are seeing growth in several other verticals, including commercial real estate and construction lending, agribusiness, private wealth management, commercial cards, treasury management, business banking, corporate trust and institutional banking.