UMB and Harris Bank Sign Agreement for Indiana Corporate Trust Business (Business Wire)
Wed, 20 May 2009 16:32:00 Etc/GM
“UMB’s strong capital position enables us to continue delivering on our business strategies, which includes acquisitions in our areas of focus,” said Peter deSilva, chairman and chief executive officer, UMB Bank. “Our consultative approach with clients is a natural fit with Harris’ client base and within the Indiana marketplace and further signifies our intention to continue the expansion of our footprint into new markets.”
UMB’s Corporate Trust and Escrow Services ranks nationally as the fourth largest municipal bond trustee and paying agent in terms of combined transactions. UMB has been a dependable provider of corporate trust services for more than 60 years and administers more than $32 billion in debt with more than 4,200 debt and escrow transactions.
“We look forward to serving the former Harris clients while introducing them to UMB and our Corporate Trust and Escrow Services division,” said Todd Duncan, Corporate Trust division manager. “Our Indianapolis office, led by Kim Wilson and Mark Hudson, continues to gain momentum and this acquisition provides additional opportunities for growth.”
UMB Financial Corporation (NASDAQ: UMBF - News) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 136 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wis., single-purpose companies that deal with brokerage services and insurance, and registered investment advisors for proprietary mutual funds.
About Harris
Harris is an integrated financial service organization providing more than 1.2 million personal, business and corporate clients with banking, lending, investing and wealth management solutions. The organization is a member of the BMO Financial Group (NYSE: BMO - News) (TSX: BMO - News), which also provides corporate and investment banking services in the U.S. under the BMO Capital Markets name.
Contact:
UMB Financial Corporation Pamela Blase, 816-860-5606 pam.blase@umb.com umb.com or Harris Bank Chris Nardella, 312-461-6625 Chris.nardella@harrisbank.com Harrisbank.com
source: http://biz.yahoo.com/bw/090520/20090520005962.html?.v=1