Kansas City, Mo.-based UMB Bank, a subsidiary of UMB Financial Corp., has entered the Fort Worth market, marking its second office in Texas. The bank began an expansion to the Lone Star State in January 2013 with its first location in Dallas. UMB currently operates banking centers in eight states and specializes in commercial banking, private wealth management and personal banking. The 101-year-old company has opened a temporary office downtown in Sundance Square’s Wells Fargo Tower with four employees. The goal is to open a permanent, high-profile location in the central business district within the next six to 12 months, according to Craig Anderson, president of commercial banking. The bank also will hire several more employees within the next year.
“This is an exciting time for UMB in Texas as we continue to expand our presence across the region,” said Zach Fee, president of UMB’s Texas region. “UMB has had clients in Texas for more than 30 years. Texas continues to be an attractive market for UMB – we’re just at the infancy of what we want to do in Texas – and Fort Worth is a great fit for us based on its growing economy. We’re a growth company, which is exciting to say. We want to illustrate our commitment by bringing our customer-focused approach to clients in the Fort Worth area.”
Anderson said UMB’s Fort Worth office will continue to focus on commercial banking and private wealth management, with a special emphasis on agribusiness and aviation. UMB Bank recently created an aviation division. “Texas offers a big opportunity for us in aviation, especially here in Fort Worth,” Anderson said. Jonathan Musmecci will serve as market president in Fort Worth. He comes to UMB with more than 14 years of experience in banking. Musmecci most recently was market president for Southwest Securities, FSB in Arlington. Steven White, also previously with Southwest Securities as a vice president, joins UMB as vice president, commercial banking. He has 15 years of experience in commercial lending. Shawn Harbour will serve as vice president, commercial banking. A 15-year veteran of the banking industry, Harbour previously served JP Morgan Chase as vice president, senior relationship manager. UMB Financial Corp. trades on the Nasdaq under the symbol UMBF.
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