UB

Umb Bank

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UMB Financial Corporation - Market Research Report



Company Overview



  • Name: UMB Financial Corporation

  • Mission of the Company: UMB focuses on exceeding the expectations of its customers and communities by operating with integrity and a commitment to core values, including trust, strength, commitment, integrity, and diversity.

  • Year Founded and Founder: UMB has been in operation for over 111 years, established in 1913. There is no specific information available on the founders.

  • Key People:

  • Mariner Kemper - President, Chairman, and CEO.

  • Cynthia Simpson - Executive Vice President and Chief Administrative Officer of Institutional Banking.

  • Headquarters: There is no specific information on the location of UMB's headquarters available.

  • Number of Employees: UMB has approximately 3,599 associates.

  • Revenue: No specific revenue figures are available from the provided data.

  • Notability: UMB is known for providing comprehensive banking services including commercial banking, personal banking, and institutional banking. It is recognized for its commitment to community partnership and robust governance frameworks.


Products



  • Product Offerings:

  • Checking Accounts:

  • UMB Checking Accounts offer interest-earning, fee waivers, and special loan rate discounts.

  • UMB Value Checking focuses on facilitating financial growth for users.

  • Savings Accounts:

  • UMB Premium Savings is targeted at clients with larger savings balances and offers interest income.

  • Credit Cards:

  • UMB Simply Rewards Visa Credit Card: Offers 15,000 bonus points with a low introductory APR.

  • UMB Travel Select Credit Card: Provides 3X points with an introductory APR.

  • Other Banking Services:

  • Financial Planning: Includes private banking, mortgage loans, and family wealth services.

  • Loans: Offers products like home equity loans and car loans.

  • Additional Services:

  • Asset-based lending, healthcare services, private wealth management & personal trust, specialized lending verticals, capital markets, corporate trust, fund services.


  • Key Features:

  • Diverse banking services catering to personal, business, and institutional clients.

  • Includes digital banking services with security features like two-factor authentication and text/email alerts for account monitoring.

  • UMB’s commitment to security includes PCI DSS compliance and secure online banking sessions.


Recent Developments



  • Recent Company Developments:

  • UMB achieved a record in deposits in the Kansas City area for the fifth consecutive year.

  • The company has enhanced sustainability efforts with significant reductions in square footage through efficiency initiatives and reductions in energy consumption via LED upgrades.


  • New Products and Features:

  • No specific new product launches are mentioned.

  • No mention of new features added to existing products.


  • New Partnerships and Other Developments:

  • No specific new partnerships mentioned, but there is an emphasis on community involvement with over $6.8 million in community support and 7,680 volunteer hours in 2023.

  • UMB conducted a merger in Colorado valued at $2 billion, indicating regional growth strategy.



While detailed financial data such as revenue figures are not mentioned, the data illustrates UMB Financial Corporation's comprehensive service offerings, its historical significance, community involvement, and advancements in sustainability practices.