Mergers & Acquisitions ·
UMB agrees to acquire El Dorado Savings Bank for $506M in cash and stock
UMBFUmb Financial Corp
UMB Financial Corporation announced a definitive agreement to acquire El Dorado Savings Bank, F.S.B., in a transaction valued at approximately $506 million. The deal is structured as 52% cash and 48% stock, with El Dorado shareholders receiving 13.553 shares of UMB common stock plus $1,958.88 in cash for each share held. Founded in 1958 and headquartered in Placerville, California, El Dorado holds $2.4 billion in assets and operates 35 branches across Northern California and Western Nevada. The acquisition expands UMB's retail footprint into these regions, adding to its existing network of 227 branches. The transaction is subject to customary closing conditions, including regulatory approvals and shareholder consent from El Dorado, and is expected to close in the first quarter of 2027. UMB Financial Corporation operates as a financial services company providing commercial banking, personal banking, and institutional banking services.