UMB Financial (UMBF) Reports Market Share Gains in Trust Division

November 2, 2009 1:24 PM EST

UMB Corporate Trust & Escrow Services, a division of UMB Financial Corporation (NASDAQ: UMBF), enjoyed an increase in market share and number of municipal bond trustee appointments nationally in the third quarter of 2009, despite industry declines in transactions and overall issuance year to date for the same period. According to the 2009 third quarter report issued by Thomson Reuters, UMB Corporate Trust & Escrow Services, solidly occupying the fourth place ranking for municipal trustees nationally in terms of transactions, realized an increase of 1.9 percent in market share nationally in terms of total trustee transactions. This increase was the largest by any single provider mentioned in the report and represents significant growth within the U.S. market.

UMB attributes the positive momentum to a number of factors including an in-demand regional bank-based service model with dedicated administrators and expanded resources in two emerging markets - Colorado and Indiana.

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