UMB says deal gives it access to wealth fleeing California

T1Covered by 1 source · first reported by American Banker (headlines) at 28 Oct, 19:45 UTC

The Midwestern regional bank is planning to acquire a small community bank in northern California. UMB executives said the deal offers low-cost deposits and a presence in parts of Nevada where wealthy Californians are relocating to avoid higher taxes.

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Sources

• T1UMB says deal gives it access to wealth fleeing CaliforniaAmerican Banker (headlines)28 Oct, 19:45