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UMB: Insights – Growth in agribusiness

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UMB Industry Insights
“We have focused our growth and our expansion around the “Bread Basket,” because we believe everything starts with agriculture.” Mariner Kemper, our Chairman and CEO, and other UMB leaders share why we focus on agribusiness.

Be sure to watch our first video about agriculture: What ag means to UMB.

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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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UMB associate inspires, gives back through Abilities group

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UMB recently created Business Resource Groups (BRG) for our associates to encourage engagement and add value to UMB businesses and talent practices. BRGs serve as a catalyst for innovative ideas focused on recruitment, retention, talent development, community and client connections.

Through BRGs, our associates are making significant impacts on UMB’s culture, promoting a work environment that values diversity and inclusion. The eight resource groups include Abilities, Asian American, Black/African American, Hispanic Latino, LGBTQIA, Millennials, VET and Women. Hopefully you saw our VET group showing off their push-up skills recently with the ACP Give Them 20 challenge in support of veterans. One of our associates, Jennifer Hertha, shares what the Abilities BRG has been up to this summer and why it has personal meaning for her.
Jennifer Hertha_Abilities UMB

Jennifer’s story

Have you ever encountered someone with a disability and instantly thought they would be unable to do something? I think we all have at some point or another. Even though I have a disability, I’ve caught myself thinking those kinds of things.

I would like to share a little bit about my story:

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I was born with a rare bone disease called Osteogenesis Imperfecta (OI). Only 30,000–50,000 people in the United States have this disease. Some types are so mild that those individuals are still able to walk and live fairly “normal” lives. Then, there is a type that is so severe that it can cause a child to die shortly after birth. My type is in the middle of the severity—I’m 33 years old, and I’ve had more than 100 broken bones. Because of the numerous breaks I’ve had, I have used a wheelchair to get around since I was 10. Using a wheelchair can make things challenging, and sometimes make things feel almost impossible to accomplish. However, I was always taught if you really want something in life, you’ll find a way to make it happen. The same goes for my career.

More than eight years ago, I applied for a teller position at UMB Bank. I didn’t know if it was truly something I could do because every bank I’ve ever been in had high counters at their teller line. But, I thought I would at least apply and see what happened. To my surprise, I was brought in for interviews and eventually offered the position contingent on whether accommodations would be able to be made for me to do the job. The tricky part was identifying possible accommodations. The people who hired me met several times to review options. They discussed lowering a counter, which they decided wasn’t a good idea due to security reasons.  Another option they looked at was building a ramp behind the teller line; however, in order to get the ramp high enough and still meet ADA standards, there wasn’t enough room. Finally, the team discovered an electric wheelchair that would raise the seat up by 12 inches and purchased it for me. This purchase opened up the doors to start my career with UMB.  Since then, I’ve had the opportunity to advance in my career four times. Because UMB invested in me from day one, not knowing if I would still be with the company six months down the road, it has made me even more passionate and invested in working here. In my current role as a recruiter, I’ve had the opportunity to be a co-chair of our Abilities Business Resource Group.

As part of the Abilities BRG mission, we want to increase awareness of various disabilities and to challenge people to create an environment of acceptance. Recently, the group sponsored a Share-A-Bear campaign. We asked for donations of small stuffed animals (like Beanie Babies) and stickers to send to the Alle Shea Project; a project that has dedicated its time to raise awareness about OI and send care packages to children who have this bone disease.

This campaign was obviously near and dear to my heart. Most of my breaks occurred when I was under the age of 18. There were several times I was taken by ambulance to the hospital and a few times I had to undergo surgery for treatment of a broken bone. During a few of my experiences, I received stuffed animals which not only helped me to take some of the focus off of the pain, but also let me know that there were others out there that cared about what I was going through. I’ve kept some of those animals to this day because they were a significant piece in my recovery as a child.
Abilities UMB Beanie Babies driveThrough the generosity of UMB associates, the Abilities BRG collected more than 1,100 stuffed animals and 100 sheets of stickers! Many days felt like a celebration because I would come into my office and there would be another package of animals waiting to be opened. My office became so full that I had to strategically place boxes filled with stuffed animals so that I could maneuver my wheelchair around—a very welcomed challenge! The Abilities BRG and I are extremely grateful for their support in this campaign.

I hope that by sharing my story, it will encourage others to share experiences and to remind others that whether someone has a visible or invisible disability, we all bring something to the table. Those with a disability just might have to take a different path to get to the same end result.

 

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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Money mistakes newlyweds should avoid {infographic}

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With the annual summer wedding season behind us and the fall season kicking off, here are 6 money mistakes newlyweds should avoid.
budgeting advice for married couples

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Member FDIC. equal housing lender


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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UMB: Insights – Aviation

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UMB Industry Insights

It’s not just CEOs who utilize private/corporate aircraft, but most often sales teams. Learn more about this critical tool and why it’s an efficient option for many businesses.

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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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Individual retirement trust: a new way to save for retirement

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An individual retirement trust allows you to maintain the tax advantages that come with saving and investing in an individual retirement account (IRA), while providing you with the long-term control of a trust. You may be familiar with the uses and benefits of an IRA, and you may have a good understanding of trusts, but this unique solution can be the best of both worlds.

Individual retirement trust: a new way to save for retirement

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The basics

An IRA, whether Roth or traditional, is a savings mechanism that allows you to invest funds for your future retirement. The sooner you begin putting money into an IRA, the more time your money has to grow before you reach 70½, the age at which you are required to begin taking distributions from the account. IRAs prepare you for retirement and provide tax advantages, allowing you to choose whether to make contributions tax-free (traditional) or receive your distributions tax-free (Roth).

A trust is an estate planning tool that allows you to set aside funds for specific beneficiaries to receive when you pass away. Trusts can be managed by a third party called a trustee. The trustee handles management of the trust, including things like managing trust investments, making distributions to beneficiaries and taking care of trust assets, both during your lifetime and after your death.

An individual retirement trust combines the tax advantages of an IRA with the long-term control of a trust. This type of account allows you to save for retirement while maximizing tax advantages and ensures your IRA funds are distributed according to your wishes. Simply select your beneficiaries—whether people, organizations or charities—and the percentage of funds each beneficiary should receive, plus any conditions you have in mind. Once you have selected beneficiaries and determined percentages of distribution, the trustee oversees all of the distributions, including adjustments you may direct over time.

Using an individual retirement trust allows you to bypass the complicated IRS requirements involved in naming a trust as an IRA beneficiary, which is an alternative option. The trust portion of the account also helps protect your legacy from asset seizure by the potential creditors of your beneficiaries. If your heirs inherit your IRA assets without the protection of a trust, funds can be taken by a beneficiary’s creditors in the event of a beneficiary’s bankruptcy.

Also, individual retirement trusts can be set up with disability provisions that ensure your accounts are maintained in the event of your illness or long-term incapacitation. In this case, the trustee will take over the management of your retirement fund investments, coordinate bill pay and administer distributions as set forth in the document—all without the need for a separate guardian or conservator.

Who can benefit from an individual retirement trust?

Individual retirement trusts offer a unique structure that may not work for everyone. Most importantly, this structure is best for those who already have significant retirement assets and are concerned about the future management of those assets.

If you are particularly tax-sensitive, you may benefit from an individual retirement trust because it allows you to maximize the tax deferment available through the stretch payout option, whether the IRA is a traditional or Roth account.

If you have divorced and remarried, this solution can help you streamline the inheritance process by allowing you to select a variety of beneficiaries with varying inheritance percentages. Step-children can be included, as can organizations of your choice. For blended families, individual retirement trusts are beneficial in that they provide extensive control over the distribution of assets. Specifically, beneficiary designations will not be changeable, even after your passing, which ensures the heirs you have chosen are provided with exactly what you have determined for them regardless of later marriages or life changes.

Individual retirement trusts are also good vehicles for those concerned with the use of the funds by heirs and seek to include limitations. Any amount set aside for a beneficiary that is more than the required minimum distribution (RMD) can be subject to the trustee’s discretion.

Bottom line:

An individual retirement trust can help you achieve the tax advantages of an individual retirement account paired with a comprehensive asset management plan for your heirs–now and in the future. You will be able to build and customize your legacy with multiple beneficiaries, long-term control and detailed asset distribution options. Combining an IRA with a trust can streamline your legacy administration and simplify the process in one efficient document.
 

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.


Mr. Conley is a vice president and legal counsel for UMB Private Wealth Management. He is responsible for reviewing estate planning documents and working with attorneys, clients, trust and bank associates regarding various legal issues that arise in the creation of trusts and estates. He joined UMB Private Wealth Management in 2000. Mr. Conley is an attorney and Certified Public Accountant. He is licensed to practice law in Kansas and Iowa.



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How to manage healthcare costs: now and in retirement

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UMB Bank’s Chief Investment Officer, KC Mathews and Dennis Triplett, Chairman of UMB Healthcare Services, sat down to discuss the rising costs of healthcare and the question on so many minds—how you can adequately plan for medical expenses during and even before retirement begins.

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Dennis Triplett is chairman of UMB Healthcare Services. He has responsibility providing strategic direction and insights to the leadership team. Dennis has more than 29 years of experience in the banking industry. He currently serves as Chairman of American Health Insurance Plan’s (AHIP) HSA Leadership Council, Board Member and past Chairman of the Employer’s Council of Flexible Compensation (ECFC), and a Charter member of the American Bankers Association HSA Council.



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Don’t let your business be an easy target for fraud

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Fraud can come in many forms, from counterfeit checks to stolen credit cards and trusted employees to savvy hackers. For businesses, fraudulent activity is always bad news. According to the Association for Financial Professionals’ (AFP) 2015 survey, 62 percent of companies were targets of payments fraud in 2014 with financial losses that ranged anywhere from a relatively small amount to millions of dollars. The good news for businesses is that there are numerous measures out there that can help prevent and detect fraudulent activity. In addition, advanced technology is being developed and deployed now that will help companies better protect their operations and their bottom line.2015 AFP Payments Fraud and Control Survey

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The many forms of fraud

According to the AFP, the most common form of fraud businesses encounter is through checks, corporate credit/debit cards and wire transfers. Paper checks continue to be the payment type most vulnerable to fraudulent attacks and account for the largest dollar amount of financial loss, even though their use continues to decline. Credit and debit cards are the second most popular form of business fraud, although they experienced a decline in fraudulent activity, down from 43 percent in 2013 to 34 percent in 2014.  And lastly, wire fraud incidents almost doubled from 14 percent in 2013 to 27 percent last year.

The newest form of fraud is cyberfraud in which criminals create an email account for corporate executives or vendors and send emails with payment instructions to employees in the accounting department. Employees who are unaware of the fake or altered email account will follow the instructions and make payment.

Be prepared

While it may seem daunting, businesses can take steps to protect against fraudulent activity. Positive Pay is one example of how companies can get ahead of the game. Positive Pay is an automated fraud detection tool offered by most banks. Here is how it works: Companies cut checks every month and send the bank a list of all those checks, including check numbers, amounts and payees. As checks clear against the account, the bank makes sure the checks match up, eliminating any fraudulent or altered checks.

To protect against internal fraud, business owners should implement dual control and separation of duties. Understand who is in charge of what responsibilities on the financial side and make sure there are no gaps. Implement dual control over the businesses banking transactions, meaning the same person who is running payables should not be the same person who is reconciling accounts. Also, business owners should review financial statements on a weekly or monthly basis.

To mitigate compromise in these areas, businesses should review all areas of their operation and put the proper preventions in place to protect against fraud. For instance, businesses should ensure their employees have the proper education and training for fraud detection. They should install, maintain and update spam filters, anti-virus software and firewalls. Reducing check writing, outsourcing payroll and having dual controls are additional tips that can help prevent fraudulent activity.

New technology on the way
2015 Payments Fraud and Control Survey
In addition to being prepared, businesses will soon be able to rely on new technology to help protect against fraud. The latest and most anticipated technology is EMV (Europay, MasterCard and Visa) chip cards, which will have a major impact on lessening credit and debit card fraud. So much so that 92 percent of financial professionals believe EMV technology will be effective in reducing fraud at the point-of-sale.

Traditional magnetic stripe cards require a signature for security purposes, whereas the new chip cards will add an additional layer of sophisticated fraud protection through an embedded microchip that turns the cardholder’s information into a unique code that is difficult to duplicate or copy when used at a chip-enabled terminal.

Merchants and retailers are currently in the process of investing in new card reading technology that will accept EMV chip cards. If they do not update their technology, they could potentially be liable for fraudulent transactions and not the user or card issuer. Visa intends to institute a liability shift in the United States for domestic and cross-border counterfeit transactions effective Oct. 1, 2015. This shift will encourage Visa issuing banks to begin issuing EMV chip cards and merchants to begin deploying card swipe technology that can process the chip-on-chip transaction.

While new technology and preventative measures can help businesses protect against fraud, the truth is that it will always exist in one form or another. What businesses can do is educate their employees, make sure they are using the most up-to-date technology and work with their financial partners to ensure the best practices and protective measures are in place.

 

Source: 2015 Association for Financial Professionals (AFP) Payments Fraud and Control Survey

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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Financial Word of the Week: Generation-skipping transfer tax

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Financial Word of the Week - Generation-skipping transfer tax

The generation-skipping transfer tax (GST tax) is a separate transfer tax that is imposed on certain transfers and may apply in addition to any gift or estate tax due. The purpose of the GST tax is to tax the transfer of assets passing to a person more than one generation beyond the donor (i.e., “skipping” a generation). This flat-rate tax is calculated at the maximum estate tax rate applicable at the time of the transfer. (In 2015, the maximum estate tax rate is 40 percent.) However, like the gift and estate tax, there are certain exemptions that may apply to help avoid or minimize the impact of the GST tax. For example, there is a lifetime exemption that allows you to transfer a certain dollar amount of assets without incurring this tax. In 2015, the exemption amount is $5,430,000. In addition, there is an annual exclusion available that currently allows for the transfer of $14,000 to any individual without the GST tax being imposed.

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One of the keys to the GST tax rule is that it is designed to only tax certain transfers – those involving a transfer of assets to a person one or more generations down the line. For family members such as grandchildren, this is straightforward. For example, a gift from a grandparent to a grandchild would skip the donor’s child’s generation and would, absent an applicable exemption, be subject to the GST tax. However, for non-family members, whether a transfer skips a generation is not always as apparent. For gifts to unrelated individuals, the Internal Revenue Code deems a gift to someone more than 37 ½ years younger to have “skipped” a generation and is therefore subject to the GST tax.

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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Simply a correction or a looming bear market?

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Corrections

Stock market corrections (a decline of 10 percent) are a normal and healthy part of a bull market. We have all been concerned that we haven’t seen a correction since 2011, as the markets went virtually straight up with very little volatility. And then came August 2015.

We think this is a correction: a violent reaction to four primary factors.

  • Valuations — Currently the market trades at a slight premium, as measured by Price-to-Earnings (P/E) multiples. Prior to last week’s trading, the market traded at approximately 17 times earnings. We think the market will trade at 16 times earnings, and if you assume the S&P 500 will earn $120 in 2016, the S&P 500 should trade at 1920.
  • Earnings scare — Perhaps the market is now fairly valued; however if earnings estimates are in question, then the valuation of the market is wrong and prices may move lower.
  • Global economic slowdown–China and other emerging markets are clearly slowing. China represents 14.1 percent of global nominal GDP.
  • Lack of confidence in central bankers– Most historical bear markets have come from Federal Reserve tightening and upcoming economic recessions.
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U.S. economy

The recent economic news was surprisingly good for the United States and even for Europe, perhaps suggesting that China is not the be-all and end-all of the world economy. U.S. housing data was especially strong this week with housing starts and existing-home sales reaching post-recovery highs. Those strong numbers should have a trickle-down effect on the U.S. economy as those homes are financed, furnished and remodeled.

China

China’s economy has slowed throughout the past few years and clearly is not growing at a 7 percent rate, the country’s official GDP growth estimate. Other variables such as electricity consumption, rail car volumes and airline traffic all point to a growth rate slowdown, but not a collapse. The question is how will China’s slowdown affect the U.S. economy?

U.S. exports to China account for 8 percent of total exports and only 1.2 percent of GDP. Admittedly, exports to other Asian economies account for another 15 percent of exports, but the risks of a widespread Asian financial crisis resembling what happened in 1997 and 1998 are quite low.

Many have cited the Chinese stock market as an indicator of their economic outlook. The 40 percent decline in the Chinese stock market since June has nothing to do with any deterioration in the Chinese economy, just as the 58 percent surge in the first half of this year didn’t reflect a genuine improvement in economic fundamentals. It’s worth remembering that the Shanghai composite index is still up by 38 percent throughout the past 12 months.

Central bankers

The Federal Reserve (the Fed) has been clear that its decision to hike rates will be data-dependent. But is it also market dependent? We don’t think the Fed will ignore what is happening in the financial markets. The probability of liftoff in September has been reduced significantly. Most bear markets (a decline of 20 percent) come from Fed tightening and upcoming economic recessions. The Fed doesn’t want to commit a “policy mistake” and be blamed for a bear market or a recession.

Europe just initiated a quantitative easing program earlier this year. This should bolster both its economy and investor sentiment, and mitigate downside pressure on its markets.

China’s policymakers also have plenty of scope for further stimulus, both monetary and fiscal. In fact, as I write this, China has lowered interest rates.

U.S. Stock Market

The last time we saw a correction using closing prices was in 2011, when from May to August the S&P 500 declined 11.1 percent. Last year we saw a correction in October; it was slightly less than a 10 percent correction and recovered quickly. Following are current returns as of this writing:
current returns 8/26/15

Some markets, such as commodities, are in a bear market:
commodities in a bear market

There is clearly a revaluation of global growth.

Conclusion

What does this mean for equities? Based on the recent market correction, it will be difficult for the S&P 500 to reach new highs in 2015. However, the average decline of all corrections greater than 5 percent since the 1920s may indicate that we are close to the lows for this year. The average peak-to-trough decline during a 5+ percent correction is -12 percent, which implies a low of 1870 on the S&P 500 or 3 percent lower at the time of this publication. Potential positive catalysts for the market to go back to recent highs include clarity on the Fed and China.

What does this mean for interest rates? Clearly, the Federal Open Market Committee (FOMC) might use recent turbulence as a reason to postpone initiation of liftoff for rates — the risk of being accused of making a policy mistake will likely mean there is no adjustment of rates at the September meeting. However, if we are correct that recent market turbulence has merely been a valuation reset, and longer-term economic outlooks remain reasonably stable, we expect rates to begin an upward move in the near future.

 

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.

 

DISCLOSURE AND IMPORTANT CONSIDERATIONS:

UMB Investment Management is a division within UMB Bank, n.a. that manages active portfolios for employee benefit plans, endowments and foundations, fiduciary accounts and individuals. UMB Financial Services, Inc.* is a wholly owned subsidiary of UMB Financial Corporation, and an affiliate of UMB Bank, n.a. UMB Bank, n.a., is an affiliate within the UMB Financial Corporation.

This report is provided for informational purposes only and contains no investment advice or recommendations to buy or sell any specific securities. Statements in this report are based on the opinions of UMB Private Wealth Management and the information available at the time this report was published.

All opinions represent our judgments as of the date of this report and are subject to change at any time without notice. You should not use this report as a substitute for your own judgment, and you should consult professional advisors before making any tax, legal, financial planning or investment decisions. This report contains no investment recommendations and you should not interpret the statements in this report as investment, tax, legal, or financial planning advice. UMB Private Wealth Management obtained information used in this report from third-party sources it believes to be reliable, but this information is not necessarily comprehensive and UMB Private Wealth Management does not guarantee that it is accurate.

All investments involve risk, including the possible loss of principal. This information is not intended to be a forecast of future events and this is no guarantee of any future results. Neither UMB Private Wealth Management nor its affiliates, directors, officers, employees or agents accepts any liability for any loss or damage arising out of your use of all or any part of this report.

“UMB” – Reg. U.S. Pat. & Tm. Off. Copyright © 2015. UMB Financial Corporation. All Rights Reserved.

*Securities offered through UMB Financial Services, Inc. member FINRA, SIPC, or the Investment Banking Division of UMB Bank, n.a.

 

Insurance products offered through UMB Insurance, Inc. You may not have an account with all of these entities. Contact your UMB representative if you have any questions.

Securities and Insurance products are:

NOT FDIC INSURED * NO BANK GUARANTEE * NOT A DEPOSIT * NOT INSURED BY ANY GOVERNMENT AGENCY * MAY LOSE VALUE


K.C. Mathews joined UMB in 2002. As executive vice president and chief investment officer, Mr. Mathews is responsible for the development, execution and oversight of UMB’s investment strategy. He is chairman of the Trust Investment, Asset Allocation and Trust Policy Committees. Mr. Mathews has more than 20 years of diverse experience in the investment industry. Prior to joining UMB, he served as vice president and manager of the portfolio management group at Bank of Oklahoma for nine years. Mr. Mathews earned a bachelor’s degree from the University of Minnesota and a master’s degree in business administration from the University of Notre Dame. Mr. Mathews attended the ABA National Trust School at Northwestern University and is a Chartered Financial Analyst and member of the CFA Institute. He is past president of the Kansas City CFA Society and a past president of the Oklahoma Society of Financial Analysts.



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UMB: Insights – What ag means to UMB

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UMB Industry Insights
Beginning with the Kemper family’s love affair with agriculture, UMB has had a rich history with agriculture.

Continuing our UMB: Insights series, Mariner Kemper, our Chairman and CEO, and Bill Watson, president of UMB Bank’s Agribusiness Division, share why we focus on agriculture.

“UMB’s been in agribusiness for all of the 102 years we’ve been in business. It’s part of our roots. It’s part of our connection to the community.”

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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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