UMB Financial Corporation filed a Form 425 communication on October 27, 2026, disclosing a definitive agreement to acquire El Dorado Savings Bank, F.S.B., a privately held federal savings bank headquartered in Placerville, California.

Key Highlights

  • Definitive agreement signed: UMB Financial Corporation has executed a definitive agreement to acquire El Dorado Savings Bank, F.S.B., according to the filing.
  • Branch expansion: The acquisition would add 31 branches in California and four in Nevada, expanding UMB's total network to 227 branches across 15 states.
  • Deposit base: El Dorado holds $2.1 billion in core consumer deposits, as stated in the filing.
  • Loan-to-deposit ratio: El Dorado's loan-to-deposit ratio is reported in the filing as 24%.
  • Expected closing: The transaction is expected to close during the first quarter of 2027, subject to regulatory and El Dorado shareholder approvals.
  • Conversion timeline: Post-closing system conversion is anticipated either late in the first quarter or early in the second quarter of 2027, per the filing.
  • Combined history: UMB was founded in 1913 and El Dorado in 1958, for what the filing describes as "181 combined years" of service.

UMB Financial Announces West Coast Expansion Through El Dorado Acquisition

According to the Form 425 filing, UMB Financial Corporation communicated the definitive agreement to its employees on October 27, 2026, via an internal email signed by an executive identified as "Mariner." The filing describes El Dorado Savings Bank, F.S.B. as a privately held federal savings bank based in Placerville, California. The communication characterizes the deal as "a significant expansion in our West Coast markets."

The filing states that El Dorado's $2.1 billion in "core, granular, low-cost, consumer deposits" and a loan-to-deposit ratio of 24% are cited as financial attributes of the target. The filing notes that upon closing, these characteristics are expected to "provide us with additional liquidity to maintain our peer-leading loan growth." The transaction is subject to customary closing conditions, including regulatory approval and the approval of El Dorado's shareholders, as disclosed in the filing.

The filing contains forward-looking statements, which it identifies as subject to risks and uncertainties. Among the risks cited are the possibility that the transaction does not close when expected, potential regulatory conditions, difficulties integrating the two businesses, and broader economic and geopolitical factors. The filing expressly notes that these statements are subject to UMB's cautionary language and could cause actual results to "differ materially" from those expressed. NASDAQ:UMBF is the registrant filing this communication under Rule 425 of the Securities Act of 1933.

What Was Disclosed

UMB Financial Corporation disclosed a definitive agreement to acquire El Dorado Savings Bank, F.S.B. in a Form 425 employee communication dated October 27, 2026, detailing branch additions, deposit figures, an expected closing in Q1 2027, and associated forward-looking risk factors.