ST LOUIS — State Street Corp. of Boston said Monday that it would sell its St. Louis-based corporate trust business to UMB Financial Corp. of Kansas City, Mo.

UMB would buy $10 billion of outstanding securities in State Street Bank and Trust Company of Missouri, a State Street spokeswoman said. The deal is scheduled to close in the second quarter.

State Street is divesting the business in order to focus on building its corporate trust business on the East and West Coasts, she said.

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