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UMB Bank expands institutional banking staff

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UMB Bank hired five new people for its Institutional Banking division, which it said is a sign of its intent to increase its focus on the business nationwide. UMB Institutional Banking includes corporate trust, specialty corporate trust and distressed debt, FDIC sweep, fund services, institutional custody, investment banking, investor solutions and public finance. Institutional banking represented about 17.8 percent of income at UMB Bank as of June 30, second only to 66.7 percent from commercial…

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