UMB Bank

UMB’s focus remains—and will remain—on relationships. Our associates are long-tenured (more than eight years on average), and a significant portion of our client base has been with us for more than 10 years (some for more than 25 years). This longevity in relationships demonstrates some of the values we hold closest—genuine connection, strength of character, and open dialogue. We are incredibly thankful for our associates, clients and communities.

Congratulation to Adam Cannon, who was recently promoted to Senior Vice President, Group Product Manager – Data & AI. In this role, he is focused on building a Data Office designed to meet business needs, including data management and governance infrastructure, and promoting the use of data management and AI to drive growth. He also manages the Data Product Owner team, Enterprise Data Science team, and Salesforce channel team with a focus on developing best-in-class standards and practices. https://bit.ly/3VarvJs #UMBCareers

Interval funds continue to dominate the largest unlisted closed-end funds (CEFs). Earlier this year UMB released a report in partnership with FUSE Research Network that included the largest unlisted CEFs by type and category. Of the 10 largest funds, eight were interval funds and two were tender-offer funds. Here are answers to nine common questions about valuation to help guide investment managers’ initial explorations. https://bit.ly/4hZBT0M Read our disclosures here: https://bit.ly/3yl71pk

We are thrilled to announce that Mariner Kemper, CEO and Chairman of UMB Financial Corporation, has been honored as one of the Most Admired CEOs of 2024 by the Denver Business Journal. "In a world where many believe that profits and purpose can’t coexist, I want to demonstrate that high-performing companies can have both a conscience and success.” - Mariner Kemper Read more about Mariner's career at UMB and how he's led our company to success over the past 20 years. https://bit.ly/3UYEdez

As year-end approaches, you may see financial news stories suggesting investors can be wary of making new investments in mutual funds with upcoming year-end distributions. On the blog, we cover why that may be good advice—and why mutual funds make year-end distributions in the first place. Read our disclosures here: https://bit.ly/3yl71pk

Ransomware attacks pose a very real threat to businesses, but by taking proactive steps to align your teams, processes, and response strategy, you can help protect your company from business disruption and paying an unnecessary price to bad actors. Read the blog to learn what your business can do to prevent a ransomware attack and the steps to take if one happens.

For the 14th consecutive year, UMB Bank holds the largest market share in Kansas City, with $27.1 billion in area deposits. We are proud to share that UMB’s deposit market share has grown from 8.45% in 2008 to 30.59% this year. We take pride in our ongoing commitment to serve the Kansas City metro and look forward to future growth in support of our communities. Read more: https://bit.ly/4fmM11N

With open enrollment season approaching, now is the perfect time to begin having conversations with your employees about their health benefits, such as health savings accounts (#HSAs) and the plethora of benefits these types of accounts offer. Read more from Brian Hutchin, director of UMB Healthcare Services, on BenefitsPRO here.

We are excited to announce that Cydney Gurgens, president of the commercial real estate group, has received the Pioneer Award from CREW Kansas City. This award recognizes a woman who, through her leadership, deal-making skills, and entrepreneurial spirit, has paved the way for other women to thrive in the commercial real estate industry. This accolade truly reflects Cydney’s exceptional leadership, and we are grateful for her contributions here at UMB.

Congratulations to Uma Wilson, CTP, AAP, chief information and product officer, for being honored in Ingram’s 2025 Women Executives awards. This recognition celebrates her exemplary executive leadership and contributions to both her organization and the Kansas City region as a whole. #UMBCareers