UMB Financial to acquire El Dorado Savings Bank in a $506 million deal
UMB Financial Corporation agreed to purchase El Dorado Savings Bank for roughly $506 million. The transaction will be financed with about 52 % cash and 48 % UMB stock, giving El Dorado shareholders 13.553 shares plus $1,958.88 per share in cash. The acquisition adds 31 branches in California and four in Nevada, raising UMB’s total branch network to 227, and is slated to close in the first quarter of 2027 pending regulatory and shareholder approvals.
Why it matters
The deal will require UMB to spend cash and issue new shares, leading to a modest dilution of existing shareholders estimated at around 2 % of the combined company. The added branches broaden UMB’s West Coast presence, potentially increasing its deposit base and loan opportunities.
Key facts
- 1The agreement values the transaction at approximately $506 million. investing.com
- 2Financing will consist of 52 % cash and 48 % UMB common stock. investing.com
- 3El Dorado shareholders will receive 13.553 UMB shares and $1,958.88 cash for each El Dorado share. investing.com
- 4El Dorado reports assets of $2.4 billion, deposits of $2.1 billion and loans of $0.5 billion as of September 30 2026. investing.com
- 5The purchase adds 31 California branches and four Nevada branches, bringing UMB’s total to 227 branches in 15 states. investing.com
- 6Closing is expected in the first quarter of 2027, subject to customary regulatory and shareholder approvals. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.