Profile: UMB Financial Corporation (UMBF.O)

UMB Financial Corporation is a multi-bank holding company. The Company owns four commercial banks, a brokerage company, a community development corporation, a mutual fund servicing company and 13 other subsidiaries. The four commercial banks are engaged in general commercial banking business. The principal location of each bank is in Missouri, Colorado, Kansas and Arizona, respectively. The principal subsidiary bank, UMB Bank, n.a., whose principal office is in Missouri, also has branches in Illinois, Kansas, Nebraska and Oklahoma. The banks offer a range of banking services to commercial, retail, government and correspondent bank customers. In addition to standard banking functions, UMB Bank, n.a. provides international banking services, investment and cash management services, data processing services for correspondent banks and a range of trust activities for individuals, estates, business corporations, governmental bodies and public authorities. UMB Fund Services, Inc., located in Milwaukee, Wisconsin and Media, Pennsylvania, provides services to 37 mutual fund groups representing 122 funds and administrative and support services for a number of alternative investment products. The Company’s operations are aligned into six major segments: Commercial Banking and Lending; Payment and Technology Solutions; Banking Services; Consumer Services; Asset Management, and Fund Services. In December 2009, it acquired American National Bank`s corporate trust business.

Commercial Banking and Lending

Commercial Banking and Lending serves the commercial lending and leasing, as well as the capital markets needs of the Company’s mid-market businesses and governmental entities by offering various products and services. The commercial loan and leasing group provides commercial loans and lines of credit, letters of credit, and loan syndication services. Capital markets provides consultative services and offers a variety of financing for companies that need non-traditional banking services. The services provided by capital markets include asset-based financing, asset securitization, equity and mezzanine financing, factoring, private and public placement of senior debt, as well as merger and acquisition consulting.

Payment and Technology Solutions

Payment and Technology Solutions meets the treasury management and healthcare services needs of the Company’s commercial clients. Treasury management products and services include account reconciliation services, automated clearing house, controlled disbursements, lockbox services, foreign exchange, and various card products and services. Healthcare services include health savings account and flexible savings account products for healthcare providers, third-party administrators and large employers.

Banking Services

Banking Services provides products and services mainly to the Company’s correspondent bank customer network in the Midwest. Products and services include bond trading transactions, cash letter collections, FiServ account processing, investment portfolio accounting and safekeeping, reporting for asset/liability management, and federal funds transactions. Banking Services includes the bank dealer function, in which competitive and negotiated underwritings of municipal securities, as well as underwritings of government agency securities are performed.

Consumer Services

Consumer Services delivers products and services through the Company’s bank branches, call center, Internet banking and automated teller machine (ATM) network. These services are distributed over a seven-state area, as well as through online and telephone banking. Consumer Services is a provider of funds and assets for the Company. This segment offers a variety of consumer products, including deposit accounts, installment loans, credit cards, home equity lines of credit, residential mortgages, small business loans and insurance services for individuals.

Asset Management

Asset Management provides a spectrum of investment advisory, trust and custody services to both personal and institutional clients of the Company focusing on estate planning, trust, retirement planning and investment management and private banking services. The Company’s investment advisory services provided to the Company’s funds, the UMB Scout Funds, are also included in this segment. Corporate trust services include serving as corporate and municipal bond trustee, serving as the paying agent/registrar for issued bonds and notes, and providing escrow services.

Fund Services

Fund Services provides an array of services for mutual funds, partnerships, funds of funds and commingled funds to a range of investment advisors, independent money managers, broker/dealers, banks, third-party administrators, insurance companies and other financial service providers. Services provided include fund administration and accounting, investor services and transfer agency, cash management, marketing and distribution, custody and alternative investment services.