UMB Financial Corporation Announces Agreement to Acquire El Dorado Savings Bank, F.S.B.
UMB Financial agreed to acquire El Dorado Savings Bank in a 52% cash, 48% stock deal valued at approximately $506 million. El Dorado brings $2.4 billion in assets, $2.1 billion in deposits, and 35 branches across Northern California and Western Nevada, expanding UMB's network to 227 branches in 15 states. Former El Dorado shareholders will own roughly 2% of the combined company; the deal is expected to close in Q1 2027 pending regulatory and shareholder approvals. UMB also releases Q3 2026 earnings after market close today, with a call on October 28 at 8:30 a.m.
Key figures
- Deal Value Usd
- $506 million
- Target loans
- $0.5 billion
- Target assets
- $2.4 billion
- Branches added
- 31 in California, 4 in Nevada
- Deal structure
- 52% cash, 48% stock
- Exchange ratio
- 13.553 UMBF shares plus $1,958.88 cash per El Dorado share
- Expected close
- first quarter of 2027
- Target deposits
- $2.1 billion
- Pro forma branch network
- 227 branches across 15 states
- Target shareholder ownership
- approximately 2% of combined company
AI analysis
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