It's been nine years since UMB Bank ventured outside of its current footprint to create a presence in a new state.
The commercial bank which is the largest by Kansas City market share of deposits, seemed pretty content for the past few years with its existing footprint. While other banks looked to grow their footprint through cheap acquisitions of troubled banks, UMB spent the last ten years making 23 acquisitions of fee-based wealth management and financial advisory businesses. It didn't acquire…
It's been nine years since UMB Bank ventured outside of its current footprint to create a presence in a new state.
The commercial bank which is the largest by Kansas City market share of deposits, seemed pretty content for the past few years with its existing footprint. While other banks looked to grow their footprint through cheap acquisitions of troubled banks, UMB spent the last ten years making 23 acquisitions of fee-based wealth management and financial advisory businesses. It didn't acquire…