Happy Labor Day! School kids mourn this holiday as the end of summer. Parents celebrate it as a three-day weekend that marks the back-to-school kick-off. The fashion-conscious look at it as the last weekend you can wear your summer whites. But what is Labor Day really all about?
U.S. Labor Day began‡ in New York City on September 5, 1882. It was planned‡ by the Central Labor Union. 10,000 workers took unpaid leave and marched from City Hall to 42nd Street. They ended the parade in Wendel’s Elm Park, where they celebrated with a concert, speeches and a picnic.
Now a national holiday that takes place the first Monday in September, Labor Day is a celebration of the social and economic achievements of American workers. We are grateful for all of our hard-working associates here at UMB and we wish them and all of you a wonderful Labor Day weekend.
And don’t forget that UMB locations will be closed today in observance of the holiday.
UMB Financial Corporation (Nasdaq: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. It also has a loan production office in Texas. Subsidiaries of the holding company include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company's proprietary mutual funds and investment advisory accounts for institutional customers.
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