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Historic Auction Returns to Fort Worth

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If you asked someone who had no experience with longhorn cattle to describe them, the words “friendly,” “affectionate” and “tame” probably wouldn’t come to mind. However, for those that have grown up around them, such as UMB Fort Worth Commercial Lending Officer Brady Beal (pictured right), these are qualities that he may never forget to include.

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“My family became involved with longhorns about 30 years ago when my mother and stepfather built one of the premier longhorn herds in the country here in Texas,” says Brady. “They are remarkable animals. They’re resilient, very well adapted to Texas conditions, and surprisingly tame.”

“In fact, there was actually a longhorn bull that I helped halter break many years ago, named Funny Face,” Brady continued. “He always wanted to be pet on the top of his head like a dog. It was a lot of fun, but I can also tell you that having a longhorn that is so friendly and affectionate can be a little dangerous. Imagine a dog that comes up and wants to be pet, but has two feet of horn sticking out each side of his head. I was accidentally wacked on more than one occasion. I don’t think Funny Face ever realized he was a longhorn.”

UMB is proud of its long history as a lender to both ranchers and farmers alike (recently recognized as a top 20 ag lender in the United States) and many of our associates, like Brady, have deep connections and understanding of the industries they’re involved in, including commercial, industrial and agriculture. This enables them to better understand and serve a wide range of customers and their needs.

“I like being able to drive around North Texas and see a customer’s place of business and reflect on the stories, how they began, how they expanded, grew and adapted. I think this is the most interesting part of the job. I enjoy getting to know these people as I try to help them with their businesses – I become personally and emotionally invested in the success of these companies.”

Just as Brady continues to build relationships with his customers, UMB also continues to build its relationship with the Fort Worth community, which includes sponsoring the signature Hudson-Valentine Fort Worth Stockyard Auction on September 22.

“The stockyards and Longhorns are big part of Fort Worth’s culture,” says Brady. “This sponsorship helps preserve the rich history of the Fort Worth Stockyards by bringing back the same type of cattle auction you would have seen in the area over 100 years ago.”

While Brady will be there on the first night of the longhorn auction, his days of working with cattle are now limited to attending the auction and helping his mom with the few head of cattle that she keeps at her place in Aledo, Texas.

“Oddly my work with cattle inspired me to choose a banking career. Ranch work is HARD. It’s a 24-hour, seven-day-a-week job, and you still never get it all done. My work with cattle pushed me to know that I wanted a position, where I could help people. At UMB there is an entire culture from the top down that cares about its employees and its customers and wants what’s best for all involved.  In my opinion, the feel of UMB ‘s culture is that it is a family owned organization, which sets it apart as an employer and for our customers.”

Learn more about commercial lending at UMB and our growing presence in Fort Worth.

Learn more about what ag means to UMB and see some of our clients in action.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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September Outlook by the Numbers

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Do you have questions on the housing market, labor market and interest rates? Check out UMB Investment Management team’s September 2017 Outlook by the Numbers for a quick snapshot on these and other economic drivers.

Also, be sure to review the following videos, articles and interviews for more market and wealth management information…

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*Missouri Farmer Lower crop prices and smaller profits in farming are impacting other industries.

*The Business Journals Tips to help employees become more financially secure.‡

*CNBC (video): Avoid the Political Distractions

*Ingram’s Magazine: Gray Expectations

*Colorado Biz Magazine: How to Stay Cool as Markets Heat Up

Interested in learning more about our Private Wealth Management division? See what we mean when we say, “Your story. Our focus.

Follow UMB‡ on LinkedIn to stay informed of the latest economic trends.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Focused on Service

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We believe customers deserve a relationship with their financial partner that isn’t just transactional—a relationship built on integrity and trust. We strive to deliver the unparalleled customer experience every day to our customers and to each other. See how president of Nebraska Region Joel Falk describes this approach in the below video.

Visit umb.com to learn how we can help you and your business.

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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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Monthly Media Update – August

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CNBC discusses the impact of the political drama in Washington on the markets with our CIO, UMB’s Texas team talks about its expansion into Fort Worth’s iconic 777 building, our healthcare services CEO shares tips for employers to help employees be more financially secure, and why our personal banking president thinks each generation should have a retirement plan as distinct as their taste in pop culture are a few media coverage highlights from August.

Stay informed on industry trends and noteworthy company news by visiting our UMB in the News section on umb.com, which is updated weekly for timely viewing.

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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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Private Equity Embraces Outsourcing

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UMB Fund Services Vice President of Business Development Camille Clemons comments on the rise of outsourcing by private equity firms and the diversifying investor base in this video. She explores the complexities of the PE environment and discusses what fund administrators can offer to PE firms.

 

Interested in gaining more insights from thought leaders at UMB Fund Services‡? Read previous articles about:

You can also check out our News and Insights section and follow us on LinkedIn‡ to stay informed of the latest trends in fund administration.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.

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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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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August Outlook by the Numbers

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Do you have questions on the housing market, labor market and interest rates? Check out UMB Investment Management team’s August 2017 Outlook by the Numbers for a quick snapshot on these and other economic drivers.

Also, be sure to review the following videos, articles and interviews for more market and wealth management information…

Continue Reading

*Bloomberg Radio with Pimm Fox and Lisa Abramowicz (audio): UMB’s Mathews: People Conflated Trump Bump With Earnings Rally ‡

*CNBC (video): Tech leadership names will likely rotate

*BloombergMaybe ETFs Aren’t the Reason You Can’t Find Any Stocks to Buy

*CNBC (video): Avoid the Political Distractions

*Ingram’s Magazine: Gray Expectations

*Colorado Biz Magazine: How to Stay Cool as Markets Heat Up

Interested in learning more about our Private Wealth Management division? See what we mean when we say, “Your story. Our focus.

Follow UMB‡ on LinkedIn to stay informed of the latest economic trends.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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10 Inspirational Quotes from our Women Leaders

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Banking and Financial Services has long been thought of as a male-dominated industry. At UMB, we’re focused on changing that perception, recognizing that many of our accomplishments as a company have been spearheaded by women.

One way UMB does this is through our Women’s Business Resource Group (BRG). This group is comprised of both men and women and works to elevate and empower women in our workplace. Recently, we asked members of the Women’s BRG to share some quotes from female leaders who inspire them.

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  1. “It’s better to look ahead and prepare than to look back and regret.” –Jackie Joyner-Kersee, athlete
    Submitted by Carla Green, VP/Line Finance Manager, St. Louis, MO
  2. “I learned to always take on things I’d never done before. Growth and comfort do not coexist.”
    –Virginia Rometty, CEO of IBM
    Submitted by Shelly Nischbach, EVP/Director of Strategic Programs-Personal Banking, Town and Country, MO
  3. “What I have learned is that people become motivated when you guide them to the source of their own power and when you make heroes out of employees who personify what you want to see in the organization.” – Anita Roddick, founder of The Body Shop
    Submitted by Vicky Hales, VP/Branch Manager III, Denver, CO
  4. “A strong woman looks a challenge dead in the eye and gives it a wink.” –Gina Carey, musical artist
    Submitted by Leigh Adams, VP/Senior Marketing Manager, Kansas City, MO
  5. “A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go, but ought to be.” – Rosalynn Carter, former First Lady
    Submitted by LaTasha Jacobs, Branch Manager, Lawrence, KS
  6. “You can’t make decisions based on fear and the possibility of what might happen.”
    -Michelle Obama, former First Lady
    Submitted by Christine Graham, Trust Attorney II, Kansas City, MO
  7. “We need women at all levels, including the top, to change the dynamic, reshape the conversation, to make sure women’s voices are heard and heeded, not overlooked and ignored.” –Sheryl Sandberg, Chief Operation Officer of Facebook
    Submitted by Kristin Highfill, AVP/Branch Manager, Springfield, MO
  8. “It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you failed by default.” –J.K. Rowling, author
    Submitted by Maryna Marmilava, Fund Accountant III-Alt Investments, Chadds Ford, PA
  9. “Great leaders don’t set out to be leaders…they set out to make a difference. It’s never about the role; always about the goal.” –Lisa Haisha, founder of The Soul Blazing Institute
    Submitted by Kelly Radford, AVP/Branch Manager, Springfield, MO
  10. “Feminism isn’t about making women strong. Women are already strong. It’s about changing the way the world perceives that strength.” –G.D. Anderson, author
    Submitted by Jessica Kraintz, Transaction Specialist II, Denver CO

Learn more about the Associate Experience at UMB and check out our current career opportunities.


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Are We Facing an Ag Crisis Like the 1980s?

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Our agribusiness team has been working with clients in this industry for more than 100 years. So, when we heard rumblings of a potential ag crisis like the one we faced in the 1980s, we wanted to share our insights and research with customers.

Turns out, our customers weren’t the only ones interested in this news. You can read more below for our thoughts or check out some recent media coverage on NPR’s Marketplace, the ABA Banking Journal and Missouri Farmer Today. One thing is certain: Today’s current agriculture climate is a challenge, but comparing it to the 1980’s farm crisis would be a mistake. Let’s take a walk back through history for a refresher.

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The 1980’s farm crisis was born out of the early 1970’s grain boom. Demand for nearly all grains took off in the early ‘70s as several international crops failed and geopolitical conditions made U.S. grain much more valuable.

By 1973, real farm income had reached a record high of $92.1 billion (nationally), nearly double what it was just three years earlier. Exports of U.S. agriculture products grew dramatically in the 1970s as rising incomes and liquidity in developing nations created strong demand.

In 1970, exports contributed only $6.7 billion or 11 percent of the grain produced in the U.S. By 1979, this number had jumped to $31.9 billion and was more than 22 percent of the grain raised in the U.S. that year.

Things were going so well for the American farmer that even Robert Bergland, U.S. ag secretary at the time, commented in 1980 that, “The era of chronic overproduction… is over.”

The equation that followed was simple:

  • Higher grain prices + more available credit = much higher land prices.

The boom eventually went bust, in perhaps one of the most difficult periods in the history of American agriculture. In 1981, there was only one ag bank failure among the 10 bank failures in the U.S.; by 1985, things had become so difficult that the 62 ag bank failures that year accounted for more than half of the bank failures in the U.S.

It may be unbelievable to read this today, but the prime rate averaged 15.3 percent in 1980. Higher interest rates almost automatically drove land prices down by the inherently lower value of the earnings that the land produced. If an investor could receive 13 percent on a CD in the bank, why consider purchasing farm land?

Also, export demand fell precipitously as the U.S. dollar strengthened considerably. In 1981, U.S. ag exports totaled $44 billion and then fell dramatically to $26 billion in 1986. Land values increased every single year from 1970 through 1981, but gross income per acre actually had several year-to-year decreases. Astonishingly, when land prices finally peaked in 1981, returns on investment for corn and soybeans were only one third of what they had been in 1973. Land was a laggard in terms of decline but eventually succumbed to the industry downturn.

Without question, the greatest assailant on the agriculture sector in the mid-1980s farm crisis, was the skyrocketing interest rate situation that devastated cash flows, credit availability and asset values. By comparison, today’s prime rate has been stalled at or below 4 percent for the better part of a decade. Clearly, interest rates are much more favorable for the farm sector today than in the crisis of the 1980s. This is the single greatest and most important difference between the two environments.

Another key distinction to understand when comparing the 1980s to the current environment is the recent trends and current expectations regarding

inflation. The consumer price index (CPI) took off in the early 1970s and the Federal Reserve struggled mightily to tame the beast of rampant inflation. Its only real tool to effectively combat inflation turned out to be much higher interest rates. Today’s CPI is completely dissimilar when compared to that of the 1970s and the early 1980s. As long as inflation remains subdued, rates may moderately increase, but will be nothing like the rates seen in the 1980s.

The recent ag economy has shown signs of stress including much lower grain prices, declining values for land and equipment, and modestly increasing interest rates. Lower net farm income, oversupply, and rising rates are akin to both the current environment and the 1980s. On the other hand, significant differences can be pointed to:

  1. A current prime rate of 4 percent is very manageable.
  2. Aggregate farm debt in terms of overall leverage is significantly less than it was on the cusp of the last big down turn.
  3. Federal crop insurance and other support programs have been bolstered over the past 35 years and provide meaningful support.

These similarities should cause all of us involved in agriculture to carefully make decisions and double our efforts in working together to ensure satisfactory outcomes. It is important to remember the history of our industry so we can all try to maneuver the current times and pave a way forward. By really understanding the similarities and differences of the 1980’s farm crisis to the challenges we are facing today, we can better prepare, understand and plan for the road ahead.

Our Agribusiness Division serves all areas of agriculture, including producersprocessors, suppliers and manufacturers of equipment and goods, throughout a 12-state area.

Learn more about what ag means to UMB and see some of our clients in action.

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.

 


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Fort Worth Team Will Make Iconic Move in 2018

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Our Fort Worth office has signed a 10-year lease for nearly 20,000 square feet in office and lobby space previously held by Frost Bank.

UMB Fort Worth office expansion

The space is located in downtown Fort Worth, with our team planning to move in 2018. We will have 12,000-square-feet of office space on the fifth floor, a newly remodeled 7,000-square feet space in the lobby and exterior signage on the building.

“Since entering the Texas market four years ago, and with our recent acquisition of Meridian Bank, UMB Bank’s growth in this region has been off the charts,” said Cliff Keiser, president of UMB Bank’s Fort Worth operations and commercial banking team. “As we continue to build relationships in the corporate sector and expand our services, it seems only fitting that we showcase our commitment to Fort worth with a long-term lease at one of the city’s most iconic buildings.”

Check out articles in the Dallas Business Journal and Fort Worth Business Press for more details on this exciting expansion.

Visit umb.com to learn how we can help your business.

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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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Mortgage applications: In person or digital?

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Our world is becoming more and more digital, from voice-controlled electronics and self-driving cars, to thumbprint recognition and smart home devices. But how does the growing influence of technology impact how people buy homes?

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According to a recent study by the American Bankers Association, it doesn’t. More than half of those interested in purchasing a home prefer to apply for their mortgage face-to-face. Only 17 percent said they would apply for a mortgage online. Contrary to the technology trends in other aspects of our lives, individuals and families are sticking to the tried-and-true method of speaking with a mortgage professional in person before signing on the dotted line.

Additional survey results showed that people are not confident about their knowledge of mortgage ins and outs. Review our mortgage calculators and articles to learn more about the home buying process.

(Click to Enlarge)

Source: American Bankers Association

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


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 banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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