UMB to Buy El Dorado Savings Bank for $506M, Adding 35 West Coast Branches
UMBF sits 29% above its 52-week low of $103.38.
Summary
UMB signed a definitive agreement to acquire Placerville, California-based El Dorado Savings Bank for about $506 million, split 52% cash and 48% stock, terms that were unanimously approved by the boards of directors of each company. El Dorado brings $2.4 billion in assets, $2.1 billion in deposits and $0.5 billion in loans as of September 30, 2026, plus 31 California branches and four in Nevada that lift UMB's network to 227 branches across 15 states. The deal extends the West Coast build-out UMB began with the HTLF acquisition in 2025, and El Dorado CEO David O. Cook will stay on as vice chairman of UMB Bank California. Terms call for El Dorado holders to receive 13.553 UMBF shares plus $1,958.88 in cash per share, leaving them with roughly 2% of the combined company — modest dilution for a meaningful retail footprint gain. Closing is expected in the first quarter of 2027, subject to regulatory approvals and El Dorado shareholder vote; UMB reports Q3 results after the close today with a call tomorrow at 9:30 a.m. ET.
At the time of this announcement, UMBF was trading at $133.49 on NASDAQ in the Finance sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $103.38 to $153.32. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.