UMB Financial Corporation Announces Agreement to Acquire El Dorado Savings Bank, F.S.B.
Business Wire•27/10/2026•16:05 ET
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Key Highlights
- ➤$506 million acquisition agreed for El Dorado Savings Bank in 52% cash, 48% stock
- ➤El Dorado has $2.4 billion assets, $2.1 billion deposits, and $0.5 billion loans
- ➤31 California and four Nevada branches expand UMB’s network to 227 branches
- ➤Transaction expected to close in first quarter of 2027, pending approvals
- ➤Former El Dorado shareholders expected to own approximately 2% of combined company
Expert Statements
Mariner Kemper, Chairman and CEO of UMB Financial Corporation
“This milestone is a significant leap forward for our retail footprint and overall presence in California and expands our UMB branch network into Nevada”
Mariner Kemper, Chairman and CEO of UMB Financial Corporation
“Since growing our California presence with the HTLF acquisition in 2025, the region’s vibrancy, complementary customer needs and overall business growth opportunities have made it incredibly compelling for our next phase of expansion.”
David O. Cook, Chief Executive Officer of El Dorado Savings Bank, F.S.B.
“This transaction will greatly benefit our customers, communities and shareholders.”
David O. Cook, Chief Executive Officer of El Dorado Savings Bank, F.S.B.
“We will be able to offer more products and services and do even more to support and uplift our communities. We look forward to continuing the great work we’ve been doing in an even more meaningful and impactful way.”
UMB Financial Corporation Announces Agreement to Acquire El Dorado Savings Bank, F.S.B.
Acquisition will expand UMB’s retail presence to Northern California and Western Nevada
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