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UMB to buy El Dorado Savings Bank for $506 million

Original: UMB to buy California bank for $506M Additional M&A isn’t off the table while the Missouri lender absorbs El Dorado Savi

Missouri-based UMB Financial has agreed to acquire California's El Dorado Savings Bank in a $506 million deal. CEO Mariner Kemper said further mergers and acquisitions are not off the table as UMB absorbs the lender, though he ruled out any purchase that would require giving up board seats. The deal marks another step in consolidation among US regional banks.

Why now: Regional bank M&A continues to draw attention amid ongoing industry consolidation

UMB FinancialEl Dorado Savings BankMariner Kemper

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Evidence

• UMB to buy California bank for $506M Additional M&A isn’t off the table while the Missouri lender absorbs El Dorado Savings Bank, CEO Mariner Kemper said, but he’s not interested in a purchase that would involve giving up board seats. https://www. bankingdive.com/news/umb-buy-c… · AlexJimenez@mas.to

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