Scout Investment Advisors, Inc. Repositioned as UMB Financial Corporation Subsidiary

KANSAS CITY, Mo.--(Business Wire)--
UMB Financial Corporation (NASDAQ: UMBF) announced today that it is
restructuring its asset management business which manages and distributes
investment services to the institutional market. This move repositions Scout
Investment Advisors, Inc. (SIA), as a subsidiary of the holding company rather
than UMB Bank, n.a., and also creates a new subsidiary Scout Distributors, LLC
to market and sell the services. The change is effective June 30, 2009.

This strategic transition further establishes UMB Financial Corporation as a
sound and fully integrated financial services holding company. With this change,
Scout Investment Advisors, Inc. will continue to manage the UMB Scout Funds and
will take over management of all institutional separately managed accounts and
specific large individual separately managed accounts currently overseen by UMB
Bank. Additionally, the UMB Scout Mutual Fund family will now be known as "Scout
Funds," (removing "UMB") but will maintain their current ticker symbols.

"The restructuring of our Scout Investment Advisors subsidiary and creation of a
distribution arm subsidiary emphasizes our commitment to exceptional and focused
asset management," said Clyde Wendel, chairman and CEO, Scout Investment
Advisors, Inc. and president, UMB Asset Management. "The SIA team will continue
to meet the needs of our mutual fund and institutional clients with the same
time-tested investment and management strategies. We believe this change will
allow us to become more competitive and expand opportunities in the
marketplace."

Scout Investment Advisors, Inc. is a responsible investment organization
established to generate long-term results by providing money management
solutions. The firm`s high-touch management philosophy utilizes each fund
manager`s unique skills and expertise while implementing an investment process
to deliver strong performance in varying market conditions.

"This strategic move allows us to attract and retain the best and the brightest
while continuing to bring high quality institutional investment products to the
marketplace," said Gary DiCenzo, president and CEO, Scout Distributors, LLC.

Additional information is available at the new Scout Investment Advisors` Web
site at scout-ia.com.

You should consider the Funds' investment objectives, risks, charges and
expenses carefully before investing. For a prospectus which contains this and
other information about the Funds, call 800-996-2862 or click on prospectus.
Please read the prospectus carefully before investing.

The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an
affiliate of UMB Financial Corporation, and managed by Scout Investment
Advisors, Inc., a subsidiary of UMB Bank, n.a.

"UMB," "Scout" and the Scout design are registered service marks of UMB
Financial Corporation.

NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE

About UMB:

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company
headquartered in Kansas City, Missouri, 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 138 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 a fund services group based in Milwaukee,
Wisconsin, single-purpose companies that deal with brokerage services and
insurance, and a registered investment advisor that manages the company`s
proprietary mutual funds.

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UMB Financial Corporation
Steve Wujek, 816-960-3127

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