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UMB Financial Corporation
UMB Financial Corporation was founded in 1913 in Kansas City, Missouri, and has grown into a regional bank holding company.
UMB Financial Corporation
UMB Financial Corporation was founded in 1913 in Kansas City, Missouri, and has grown into a regional bank holding company. It is publicly traded (NASDAQ: UMBF) and operates through UMB Bank, N.A., which provides commercial banking, wealth management, and institutional asset servicing. The firm's wealth management arm manages assets for family offices, foundations, and high-net-worth individuals, though it does not operate as a family office itself. The firm deploys capital through commercial lending, private credit, and fiduciary services. Its asset-class mix includes commercial real estate (office, industrial, multifamily), corporate lending, and investment management. UMB's real estate portfolio extends across the Midwest and select East Coast markets. Confirmed positions include lending relationships with middle-market companies in the healthcare, technology, and manufacturing sectors. Geographic footprint covers the US, with offices in Kansas City, Wexford (PA), New York, and Indianapolis. UMB employs over 3,400 professionals across its bank and non-bank entities. Adjacent vehicles include UMB Fund Services, which provides administration and custody for alternative investment funds. The firm also operates a trust division that serves as a corporate trustee for municipal and institutional clients. In 2023, UMB acquired Marquette Financial Companies' commercial banking business in Minneapolis, expanding its upper-Midwest presence (per public filings). UMB's structural differentiator is its hybrid model as a publicly-traded bank holding company that competes directly with private family offices and RIAs for wealth management mandates. Unlike pure family offices, UMB generates capital through deposit-taking and commercial banking, offering clients integrated lending, custody, and trust services under one regulatory umbrella. This bank-holding structure provides FDIC-insured deposit advantages and a lower cost of capital than most independent wealth managers.
General information
Firm type
other
Year founded
1913
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Kansas City
Corporate office
Kansas City, MO, United States
Additional offices
Wexford, PA · New York, NY · Indianapolis, IN
Principals
Jim Rine
President and Chief Executive Officer
Scott Wing
Executive Vice President and Chief Financial Officer
Sector focus
Frequently asked questions
Is UMB Financial Corporation a family office?
No. UMB Financial Corporation is a publicly traded bank holding company (NASDAQ: UMBF) that provides commercial banking, wealth management, and asset servicing. Its wealth management division serves family offices and high-net-worth individuals but operates as a bank trust department, not an independent family office.
Who manages investment decisions at UMB?
UMB's investment decisions are managed by the bank's executive team and professional portfolio managers. Jim Rine is President and CEO; Scott Wing is CFO. The wealth management division is led by senior trust officers who allocate assets across fixed income, equities, and private credit. The bank's board of directors provides oversight for fiduciary accounts.
Does UMB source proprietary deal flow?
UMB generates deal flow through its commercial banking relationships, loan underwriting, and trust services. The bank originates loans and credit facilities directly for middle-market companies, and its private banking clients may access direct investment opportunities through trust and estate planning structures.
What investment stages does UMB typically target?
UMB focuses on commercial lending (senior secured loans, lines of credit) and private credit across lower-middle-market and middle-market companies. It does not typically lead venture or growth-equity rounds. The bank's trust division manages balanced and fixed-income portfolios for institutional and individual clients.
Does UMB participate in fund commitments or only direct deals?
UMB primarily operates through direct commercial banking and lending activities. Its trust and wealth management division may invest in third-party funds on behalf of fiduciary clients, but the bank itself does not typically make institutional fund commitments for its own balance sheet. UMB Fund Services provides administration for external fund managers.
Where does UMB provide geographic coverage?
UMB operates primarily in the US Midwest, with offices in Kansas City (HQ), Wexford, Pennsylvania, New York City, and Indianapolis. The bank serves clients across 10 states through its regional banking franchise. In 2023, it expanded into Minneapolis via acquisition.
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