UMB Financial : Bank to Acquire Hybarger & Associates

UMB Bank to Acquire Hybarger & Associates

The consulting firm provides outsourced finance support and solutions to community banks throughout the Midwest

KANSAS CITY, Mo. (May 25, 2023) - UMB Bank, N.A. a wholly-owned subsidiary of UMB Financial Corporation (Nasdaq: UMBF) has announced an agreement to acquire Hybarger & Associates (Hybarger). With a presence in Dallas, Houston and Kansas City, Hybarger provides strategies designed to maximize financial performance for community banks throughout the greater Midwest. Capabilities include interest rate risk analysis, budgeting and forecasting, proprietary reporting to include bond analytics and market tracking, liquidity and capital analysis, CECL modeling, and board reporting.

"UMB has a long history of serving community banks, and this acquisition further demonstrates our commitment to supporting them and the critical services they provide," said Steve Kitts, executive vice president and executive director of middle markets sales of UMB Bank, n.a. Capital Markets Division. "We are pleased to add a team of seasoned professionals and to further expand the robust services we offer community banks."

As part of the acquisition, UMB will welcome Hybarger principal owner Lance Caldwell and a team of long-tenured associates who will manage existing client relationships and grow new business throughout the UMB footprint. They will join UMB's existing financial services group within the Capital Markets Division.

"This creates an exciting opportunity for our team at Hybarger to join an extremely well-established and like-minded company," said Caldwell. "Like Hybarger, UMB has a longstanding, positive reputation for providing outstanding support, expertise and a truly customer-focused experience for community bank clients."

The acquisition is expected to close in the second quarter of 2023.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes wealth management and financial planning services, and institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services. UMB operates branches throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas. As the company's reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.