UMB Agrees to Acquire El Dorado Savings Bank
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On October 28, 2026, Banking Dive reported that UMB Financial Corp. had agreed to acquire California-based El Dorado Savings Bank. The report indicated that the transaction consideration was $506 million, consisting of cash and stock, and was not an all-cash transaction. According to the report, the transaction is expected to close in the first quarter of 2027. The information currently known includes the acquirer, target bank, total transaction consideration, payment method, and expected completion date.
AI-written from reports · updated 2 hours ago
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- Banking DiveUMB plans to acquire California’s El Dorado Savings Bank for $506 million
UMB Financial Corp. has agreed to acquire California’s El Dorado Savings Bank for $506 million in cash and stock. The transaction is expected to close in the first quarter of 2027.
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