UMB Financial to Acquire El Dorado Savings Bank for About $506 Million
UMB Financial Corporation has agreed to acquire El Dorado Savings Bank, F.S.B. for approximately $506 million in a 52% cash and 48% stock transaction. The deal adds 35 branches—31 in California and four in Nevada—expanding UMB's West Coast retail presence and bringing its total network to 227 branches across 15 states. Expected to close in the first quarter of 2027, the acquisition remains subject to customary closing conditions, including regulatory and El Dorado shareholder approvals.
UMB Financial Corporation (UMB) has announced an agreement to acquire El Dorado Savings Bank, F.S.B. (El Dorado) in a cash-and-stock transaction valued at approximately $506 million.
The transaction is structured as 52% cash and 48% stock. It is expected to expand UMB’s West Coast retail presence by adding 35 branches, including 31 in California and four in Nevada.
Following the transaction, UMB’s overall network would comprise 227 branches across 15 states.
The acquisition remains subject to customary closing conditions, including regulatory approvals and approval by El Dorado shareholders. The transaction is expected to close in the first quarter of 2027.
This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.
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