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UMB forms Minneapolis Corporate Trust office; nabs Wells Fargo employees

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UMB Bank will create a national hub in Minneapolis to serve as a successor trustee for distressed and defaulted municipal securities transactions, the bank announced Thursday. The hub will be known as the Minneapolis Corporate Trust office and will expand UMB's institutional asset management practice. The office will be led by Gavin Wilkinson, who will serve as manager of special accounts. He'll be joined by Virginia Housum, Michael Slade and Gordon Gendler, who all previously worked for Wells…

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