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UMB sets up new specialty corporate trust office in Salt Lake City

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UMB Financial Corp. set up its first operation in Salt Lake City, a specialty corporate trust office that will focus on aviation. This will be the second presence in Utah for the Kansas City-based bank holding company (Nasdaq: UMBF), which also has a UMB Fund Services office in Ogden, which is about 35 miles north of Salt Lake City. The aviation industry specialty is a new business for UMB. Mark Flannagan, UMB's executive director of specialty corporate trust, said the bank has been providing corporate…

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