UMB
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News Release
UMB Financial Corporation
1010 Grand Boulevard
Kansas City, Mo. 64141
For more information, please contact:
Jeremy McNeive, (816) 860-5088
Kelly Cooper, (816) 960-3106
Banking Leader Clyde Wendel to Join UMB Financial Corporation
Kansas City, Mo. (June 9, 2006) - UMB Financial Corporation (NASDAQ: UMBF)
is pleased to announce Clyde Wendel will be joining the company as President,
UMB Asset Management and Managing Director, Private Banking. He will be
nominated to serve as Vice Chairman of UMB Bank, n.a. and will be a member of
the Company's Management Committee.
In his new role, Wendel will oversee Investment and Wealth Management,
Private Banking, Scout Investment Advisors, Institutional Sales and Service and
Corporate Trust. He will report to President and Chief Operating Officer Peter
deSilva.
A long-time resident of the Midwest, Wendel comes to UMB with more than 36
years of banking and financial services experience. For the past 23 years, he
has served in executive positions with Bank of America, most recently as
President, Kansas City Region and Regional Executive for Bank of America Private
Bank. Prior responsibilities include international banking and trade finance,
national corporate accounts, treasury management and corporate banking.
"Clyde is well known and respected for his expertise in banking and
financial services, and he will play a key leadership role executing UMB's
business strategy," said Mariner Kemper, Chairman and CEO, UMB Financial
Corporation.
"Clyde's vast background is a great gain for UMB and its customers, and he
will be instrumental in building and promoting our strong asset management
business," said deSilva. "We look forward to the tremendous opportunities his
wealth of experience and community leadership bring to our company."
Wendel currently serves as vice chairman of the Board of Trustees for
Rockhurst University and trustee of Midwest Research Institute. He is a member
of the Truman Medical Center board of directors, the Civic Council of the
Greater Kansas City, Business Council of the Nelson Gallery and Corporate
Council of the Kemper Museum. He is past board chair of the Central City School
Fund for the Diocese of Kansas City-St. Joseph. He also is a former board member
of the American Jazz Museum at 18th and Vine and former Commissioner for the
Port Authority of Kansas City, Mo.
Wendel earned a Bachelor's Degree in Business from Ohio University and
holds the following securities industry designations: Series 7, 63, 66, 24, 53.
UMB Financial Corporation is a multi-bank holding company headquartered in
Kansas City, Mo., offering complete banking and related financial services to
both individual and business customers nationwide. Its banking subsidiaries own
and operate 141 banking centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead
bank, UMB Bank, n.a., include an investment services group based in Milwaukee,
Wisconsin, a trust management company in South Dakota, and single-purpose
companies that deal with brokerage services, consulting services and insurance.
UMB was named one of Business Week's "Web Smart 50" companies in 2005.
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