UMB Opens Delaware Corporate Trust Office, Adds Delaware Statutory Trust Services
November 15 2022 - 8:45AM
Business Wire
UMB announced today it has obtained regulatory approval to offer
Delaware Statutory Trust services through its subsidiary UMB
Delaware Inc. Delaware Statutory Trust services will be provided
through a recently opened office in Wilmington, Delaware led by
industry veteran Kristin Moore, SVP, President of UMB Delaware
Inc., Team Manager.
“The Wilmington office is an important step for our fast-growing
corporate trust group,” said Mark Flannagan, Executive Vice
President at UMB, “Offering Delaware Statutory Trust services
rounds out our full-service offering and further streamlines the
client experience across a wide range of deals. We are also pleased
to welcome Kristin, who is among the most experienced corporate
trust professionals in the region.”
Moore and the Wilmington-based team will facilitate trustee
services across a wide range of deals, including asset-backed
securitizations, transportation finance, mortgage-backed
securities, structured note programs and project and renewable
energy finance. Moore has more than 25 years of corporate trust
experience in Delaware.
“Sometimes we’re asked about UMB’s level of commitment to the
asset-backed securities corporate trust business, given that some
competitors have exited,” said Stuart Mitchell, Senior Vice
President and head of ABS product development. “The new Wilmington
office underscores the depth of that commitment. We’ve grown fast
and are now poised to offer truly one-stop-shop solutions.”
Learn more about the office and UMB’s new services at
https://more.umb.com/delawaretrust/.
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services
company headquartered in Kansas City, Missouri. UMB Bank, N.A.
offers commercial banking, which includes comprehensive deposit,
lending and investment services, personal banking, which includes
wealth management and financial planning services, and
institutional banking, which includes asset servicing, corporate
trust solutions, investment banking, and healthcare services. UMB
operates branches throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska, Arizona and Texas, and serves business and
institutional clients nationwide. For more information, visit
UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn, or follow us on
Twitter at @UMBBank. For information about UMB’s operations,
approach and relief measures during the COVID-19 pandemic, please
visit umb.com/COVID-19.
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version on businesswire.com: https://www.businesswire.com/news/home/20221115005330/en/
Kaele Palmer, 202.276.2471 Kaele.palmer@umb.com
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