Bank / Credit Union
UMB to acquire El Dorado Savings Bank
November 4, 2026
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ClaudeUMB Financial Corp. has entered an agreement to acquire EL Dorado Savings Bank for a 52% cash, 48% stock transaction valued at approximately $506 million, according to a press release.
El Dorado brings on $2.4 billion in assets and $2.1 billion in deposits. This will also expand UMB's present in the west coach, through 31 branches in California and four in Nevada, bringing its total branch network to 227 branches in 15 states. El Dorado CEO David O. Cook will serve as vice chairma of UMB Bank Claifornia.
El Dorado shareholders will receive a exchange ration of 13.553 shares of UMBF common stock and an addition $1,958.88 for each outstanding share. The transaction is expected to close in Q1 2027.
"This transaction will greatly benefit our customers, communities and shareholders," Cook said in the release. "We will be able to offer more products and services and do even more to support and uplift our communities. We look forward to continuing the great work we've been doing in an even more meaningful and impactful way."
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