Recent Updates — UMBF
UMB Financial Corporation's board declared a quarterly cash dividend of $0.50 per share on its common stock, payable January 4, 2027, to shareholders of record as of December 10, 2026. The company also declared a dividend of $193.75 per share ($0.484375 per depositary share) on its Series B preferred stock, payable January 15, 2027, to holders of record as of December 31, 2026. UMB Financial Corporation is a financial services company providing commercial banking, personal banking, and institutional banking services.
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.
UMB Financial Corporation announced the redemption of all outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031 (CUSIP 42234Q AE2) on September 15, 2026. The redemption price is set at 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date. This action represents a significant debt extinguishment event for the company's capital structure. UMB Financial Corporation operates as a diversified financial services holding company providing banking, wealth management, and insurance products.