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UMB Financial in Kansas City, Mo., saw second-quarter profit decline as lower revenue from its Scout Investments subsidiary reduced fee income.
July 29 -
A look at three former bankers trying their hands at fintech startups at a time when investment in the sector is flush and banks are desperate for new ideas for digital transformation.
March 17 -
The $16.3 billion-asset UMB will pay $182.5 million in stock for the Marquette, which is owned by the Pohlad family. The acquisition, which values Marquette at 160% of its tangible book value, is expected to close in mid-2015.
December 15
UMB Financial in Kansas City, Mo., has hired an IBM executive to be chief information officer.
The $18.4 billion-asset company named Jig Patel to the post this week. Patel succeeds UMB's previous CIO, who retired. UMB did not disclose the name of its previous CIO.
Patel will handle the development and implementation of UMB's technology strategy, as well as be responsible for attracting technical talent and building business.
Patel was previously vice president of enterprise information technology at Epiq Systems in Kansas City, Kan. He also is a former vice president of global technology at IBM.
