UMB Financial Corporation: A Diversified Financial Services Holding Company

As a multi-billion financial services company, UMB Financial Corporation conducts its business as a diversified financial services holding company. The company was started in 1913 and adopted its current brand name in 1994. Its history started with the City Center Bank, which was purchased by W.T. Kemper and Associates in 1919.

The growth of the company is strongly attributed to its strategic approach in acquiring competing businesses. It remained on the prowl and jumps on smaller businesses that operate within the same vertical of the business. Currently, the business offers payment solutions, asset servicing, banking and institutional investment management. Its offerings are made available to customers, businesses and institutions. The combined assets of the company are estimated to be around $13.54 billion and as of 2012, these companies generate more than $343 million in revenue.

The operations of the company are divided into four lines of business, namely commercial banking and lending; investment and wealth management, consumer and small business banking and healthcare services (health savings accounts and debit cards for flexible spending accounts). There are more than 20 subsidiaries that operate within the umbrella operations of UMB Financial Corporation. These businesses include J.D. Clark & Compny, Grand Distribution Services, LLC, UMB Capital Corporation, Prairie Capital Management, LLC., Kansas City Realty Company, Kansas City Financial Corporation, Scount Investments, Inc. and United Missouri Insurance Company, among others.

It is in Kansas City, Missouri that the business holds its corporate office. The company maintains strong relationships with their clients and conducts its business on what is right for their business partners and their shareholders. For years, the business operates with honesty and integrity as their core values. It employs the talents of more than 3,400 associates across the country. It remains publicly traded on the NASDAQ and markets its common shares using the symbol UMBF.