UMB Financial in Kansas City, Mo., is planning to open its first branch in Texas, according to a report.
The $15.5 billion-asset company will soon announce plans to open a branch in Dallas, Chief Executive Mariner Kemper told the Dallas Business Journal Tuesday. The company has a Dallas loan office that opened in January but hopes a branch will give it greater visibility in the city, the publication said.
"We're looking to put a stake in the ground here that makes a statement about how serious we are about the market," Kemper told the Business Journal.
Zachary Fee will serve as UMB's president for the Texas market, according to the report.
UMB Bank, which recently celebrated its 100th anniversary, has 123 branches in seven states, with most of them in Kansas and Missouri, according to the Federal Deposit Insurance Corp.