MO
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43-0903811
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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In the same press release, the Company also announced that the Board of Directors has authorized the purchase of up to two million shares of the Company's common stock during the next twelve months. A copy of the press release is attached as Exhibit 99.1
UMB FINANCIAL CORP
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Date: April 24, 2012
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By:
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/s/ Michael D. Hagedorn
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Michael D. Hagedorn
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Vice Chairman, CFO and CAO
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Exhibit No.
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Description
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EX-99.1
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Press release announcing dividend and stock repurchase
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UMB Financial Corporation
News Release1010 Grand Boulevard
Kansas City, MO 64106
816.860.7000
umb.com
//FOR IMMEDIATE RELEASE//
Contact: Mandie Nelson, 816.860.5088
Investor Relations Contact:
Kay McMillan, 816.860.7106
UMB Financial Board Announces $0.205 Quarterly Cash Dividend and
Common Stock Repurchase Authorization
Kansas City, Mo. (April 24, 2012) - The Board of Directors of UMB Financial Corporation (NASDAQ: UMBF), a financial services holding company, declared during the company's quarterly board meeting a $0.205 quarterly cash dividend, payable on July 2, 2012 to shareholders of record at the close of business on June 8, 2012.
The Board of Directors also authorized the repurchase of up to 2,000,000 shares of the company's common stock during the next 12 months. Shares purchased under the program will be used for general corporate
purposes and may be available for re-issuance in connection with the company's stock plans and dividend
reinvestment plan. The company may repurchase the shares from time to time in open market or privately
negotiated transactions at the company's discretion, and on such terms, including, without limitation, quantity,
timing and price, as management may determine to be in the company's best interest.
About UMB
:UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Its banking subsidiaries own and operate banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the company's proprietary mutual funds and investment advisory accounts for institutional customers. For more information, visit umb.com or follow us on Twitter at @UMBBank.
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