When UMB Financial Corp. announced a deal Dec. 15 to acquire Marquette Financial Cos. for $182.5 million in stock, it was a milestone moment for the Kansas City financial services company for many reasons.
Marquette Financial is a $1.3 billion institution, the parent of Meridian Bank in Phoenix and Meridian Bank Texas. This is by far the largest bank acquisition in the company's 100 year history.
UMB bought a couple of small banks in Colorado about 10 years ago but has been relatively inactive…
When UMB Financial Corp. announced a deal Dec. 15 to acquire Marquette Financial Cos. for $182.5 million in stock, it was a milestone moment for the Kansas City financial services company for many reasons.
Marquette Financial is a $1.3 billion institution, the parent of Meridian Bank in Phoenix and Meridian Bank Texas. This is by far the largest bank acquisition in the company's 100 year history.
UMB bought a couple of small banks in Colorado about 10 years ago but has been relatively inactive…