UMB Financial Corp. cleared the final hurdle in its quest to acquire Marquette Financial Cos., receive approval from bank regulators.
UMB (Nasdaq: UMBF) first announced the all-stock deal in December 2014, worth about $182.5 million. Marquette Financial is a $1.3 billion-asset financial services company that owns Meridian Bank, which has 13 branches in Arizona and Texas. It also has two national commercial specialty-lending businesses focused on asset-based lending and factoring as well as an asset-management…
UMB Financial Corp. cleared the final hurdle in its quest to acquire Marquette Financial Cos., receive approval from bank regulators.
UMB (Nasdaq: UMBF) first announced the all-stock deal in December 2014, worth about $182.5 million. Marquette Financial is a $1.3 billion-asset financial services company that owns Meridian Bank, which has 13 branches in Arizona and Texas. It also has two national commercial specialty-lending businesses focused on asset-based lending and factoring as well as an asset-management…