Moody's Ratings confirms UMB Financial's ratings (issuer rating at Baa1) following close of Heartland acquisition; outlook negative
Moody's Ratings (Moody's) confirmed the ratings of UMB Financial Corporation and its bank subsidiary, UMB Bank, N.A. (collectively referred to as "UMB") following the close of UMB's all-stock acquisition of Heartland Financial USA, Inc. This rating action concludes the review for downgrade initiated...UMB Financial is a bank holding company and a financial holding company. Through its subsidiaries, the company provides banking services and asset servicing to its customers. The company's segments include: Commercial Banking, which serves the commercial lending and leasing, capital markets, and treasury management needs of the company's mid-market businesses and governmental entities; Institutional Banking, which is a combination of banking services, fund services, and asset management services provided to institutional clients; Personal Banking, which combines consumer services and asset management provided to personal clients; and Healthcare Services, which provides healthcare payment solutions.
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