UMB Bank reached an agreement to acquire the corporate trust business of Bankers Trust Co. in Des Moines, resulting in the opening its first office in Iowa.
Kansas City-based UMB will set up an Iowa office and expects to staff it with seven employees from Bankers Trust, allowing them to continue serving existing clients and grow new relationships in that area. UMB declined to share the amount of assets associated with the transaction.
Founded in 1917, Bankers Trust is a $4.6 billion asset operation,…
UMB Bank reached an agreement to acquire the corporate trust business of Bankers Trust Co. in Des Moines, resulting in the opening its first office in Iowa.
Kansas City-based UMB will set up an Iowa office and expects to staff it with seven employees from Bankers Trust, allowing them to continue serving existing clients and grow new relationships in that area. UMB declined to share the amount of assets associated with the transaction.
Founded in 1917, Bankers Trust is a $4.6 billion asset operation,…