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UMB CEO takes ‘measured’ tone on M&A
['Caitlin Mullen', 'Senior Reporter']
Banking Dive - Latest News
UMB’s appetite for M&A will remain “measured” and executives are keeping an eye out for tuck-in deals, CEO Mariner Kemper emphasized Wednesday.
However, bank executives believe UMB is “adept at evaluating and integrating acquisitions” to bolster growth, Kemper said.
Cleveland-based KeyBank, another HoldCo target, has also said it’s not interested in bank acquisitions.
UMB executives said Wednesday the HTLF integration has been a good exercise for future deals.
For UMB, future M&A would be “small enough that we would maintain control of everything: culture, management, board,” as the lender did with HTLF, Kemper said.