This purchase includes Meridian Bank, N.A., and its subsidiary companies Marquette Business Credit and Marquette Transportation Finance, including Marquette Commercial Finance; Meridian Bank Texas; and Marquette Asset Management. Regulatory review and approval is required and hence we expect the closing to take place by mid-2015.
UMB and Marquette Financial Companies have much in common. From our customer focused operations, values-driven cultures and similar commitments to community involvement—we are a great fit!
We are excited for what the future holds but for now it will be business as usual for us and for you. Once the transaction is approved, we will provide further communication.
Please scroll down for further information about the agreement and acquisition. If you have additional questions, please feel free to contact us.Read more from UMB Chairman and CEO Mariner Kemper on the acquisition ›
On December 15, 2014, UMB out of Kansas City, Missouri, announced an agreement to acquire Marquette Financial Companies.
Marquette Financial Companies consists of:
UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates 112 banking (and wealth management centers) throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas.
After the transaction closes, all companies will have access to new services as well as many new locations throughout the US.
The transaction is pending regulatory approval, which is expected sometime in mid-2015.