UMB to Acquire El Dorado Savings Bank for ~$506M in 52% Cash, 48% Stock Deal
UMBF sits 29% above its 52-week low of $103.38.
Summary
UMB agreed to acquire El Dorado Savings Bank for about $506 million in a 52% cash, 48% stock deal, adding 35 branches and $2.1 billion of low-cost deposits in California and Nevada. Closing is targeted for Q1 2027 pending shareholder and regulatory approvals.
Key Events · M&A and Partnerships · UMBF
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UMB Signs $506M El Dorado Deal
A definitive merger agreement dated October 27, 2026 calls for El Dorado Savings Bank to merge into UMB Bank, valued at approximately $506 million in 52% cash and 48% stock.
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Exchange Ratio and 2% Dilution
Each El Dorado share converts into 13.553 UMBF shares plus $1,958.88 cash; former El Dorado shareholders are expected to own approximately 2% of the combined company.
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Low-Cost Deposit Franchise Acquired
As of September 30, 2026, El Dorado brings $2.4 billion in assets, $2.1 billion in deposits and $0.5 billion in loans, with a 0.88% cost of deposits and a 24% loan-to-deposit ratio, leaving excess liquidity for UMB to deploy.
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Footprint Expands to 227 Branches
The deal adds 31 California and four Nevada branches, extending UMB's network to 227 branches across 15 states at an 8.0% deposit premium.
Analysis · UMBF · Finance
The real prize here is liquidity: UMB is buying a $2.4 billion-asset California/Nevada thrift whose deposits cost just 0.88% and whose loan-to-deposit ratio is 24%, leaving roughly three-quarters of its funding in cash and securities that UMB can lend out at higher yields. That low-cost funding base lets UMB grow earning assets in the Sacramento and Reno markets without competing for deposits. At UMB's size the price is modest, and the stock half of the consideration produces only about 2% dilution, so the deal is more about deploying capital than transforming the balance sheet. Closing is targeted for the first quarter of 2027, gated by the El Dorado shareholder vote and bank regulatory approvals.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.