UMB Bank

On the UMB blog, Peter Blumeyer, president of our St. Louis region, discusses current growth and market conditions in St. Louis. Learn what has led to our success in the region, how he's been advising clients this year, what is ahead for next year, and more.

The U.S. leveraged loan market has grown more than 100% in the past 10 years with $1.67 trillion outstanding as of 2023. More than half the loans are held in collateralized loan obligations (#CLOs), while other loan portfolios are widely held among different structures, including business development companies (#BDCs), mutual funds, hedge funds and separately managed accounts. On the blog, we share key areas for investment managers to explore during the selection process, drawn from our team’s experience working across all vehicle types. https://bit.ly/3xAXPgi

“When making a withdrawal from traditional 401(k)s and IRAs, you’ll be expected to pay income tax on each one,” said Kim Gattis, senior vice president and financial planning manager at UMB Bank. “With the help of tax strategies, you can minimize what the government takes from you. These strategies include moving to a state that doesn’t charge income tax, delaying receipt of benefits until age 70 and reassessing your investment holdings.” Learn more about the expenses many retirees forget to plan for.

As featured in the recent Asset-Backed Alert from Greet Street News, we are excited to announce our new collateralized loan obligation (#CLO) service, a new facet of our corporate trust and agency services business. This team is led by Alex Cormas, head of business development, and Vincent Pham, manager of specialty corporate trust and CLO services. The CLO market—along with other portfolios of loans—will continue to evolve as it grows, and now UMB is ready to serve our clients in this new capacity. Learn more: https://bit.ly/3XUw8Kb

UMB's merger with Heartland Financial USA Inc., which is expected to close in the first quarter of 2025, will nearly triple our branches and amplify our presence in Colorado. "This gives us scale that would have taken a lot longer organically," said Paul Williamson, president of the Colorado region at UMB Bank. "That's what I think is really exciting." Read the full story in the Denver Business Journal to learn more about our growth in the Colorado region.

At UMB, we like to say, "We stay small as we grow," meaning we embody the essence of a community bank while harnessing the capabilities of a large institution. Our unique approach to banking enables us to respond swiftly like a community bank, while providing the technology and expertise of a large bank. Learn more about how we helped a business go from its previous "clunky" multi-bank approach to a streamlined relationship-based experience with UMB. Read CEO Paul Larson's full story in the St. Louis Business Journal: https://bizj.us/1qlddl

UMB Bank is excited to welcome Nathan Jacks to the Dallas team as Senior Vice President, Business Development Executive for the bank’s Texas Region. Jacks is a seasoned financial professional with over 18 years of experience in financial services. In this role, Nathan will identify new commercial business opportunities and match client needs with customized solutions across the bank. He will also foster new customer relationships and serve as an advisor to junior business development officers. https://bit.ly/3RxblIi #UMBCareers

Fintechs and other #BaaS partners continue to innovate ways to improve the financial lives of their customers. We have been glad to be part of that progress for more than 40 years. Strict adherence to regulatory needs is part of the program—with the right collaboration, it doesn’t have to be painful. Head over to the UMB blog to learn more about why fintechs should ask what, exactly, ‘Regulatory Playbook’ means.

As economic uncertainty lingers, we continue to see familiar pain points for many clients when it comes to operating under current conditions. From adequate liquidity for operations to cash management strategies, UMB is regularly advising clients on how to address these pain points while creating efficiencies using a customized approach. Read the full article from UMB's Alissa Kolm in Fort Worth INC. to learn more.

UMB Fund Services won best Administrator of the Year - Technology in the Hedgeweek 2024 Emerging Manager awards. Congrats to our team for being recognized as leaders in the industry. Learn more here: https://bit.ly/3XfmUYy