UMB Financial Corp. announced that it signed an agreement to acquire Marquette Financial Cos. in an all stock transaction worth about $182.5 million.
The deal would give Marquette Financial's owners, the Pohlad family, a 7 percent ownership stake in Kansas City-based UMB Financial (Nasdaq: UMBF). They'll have the second largest individual stake, behind only UMB Financial Chairman Mariner Kemper who controls voting in an 11.58 percent stake in the company.
The Pohlad family owns Pohlad Family Cos.,…
UMB Financial Corp. announced that it signed an agreement to acquire Marquette Financial Cos. in an all stock transaction worth about $182.5 million.
The deal would give Marquette Financial's owners, the Pohlad family, a 7 percent ownership stake in Kansas City-based UMB Financial (Nasdaq: UMBF). They'll have the second largest individual stake, behind only UMB Financial Chairman Mariner Kemper who controls voting in an 11.58 percent stake in the company.
The Pohlad family owns Pohlad Family Cos.,…