The systems conversion timeline of Q2 2027 provides a rough window for deal closing, but no definitive close date or regulatory approval timeline has been stated. Watch for the S-4 filing, which will contain financial terms and a proxy statement for El Dorado shareholders.
Price Chart
Executive Summary
UMB Financial Corp filed a second 425 communication on October 27, 2026, containing an internal letter from El Dorado Savings Bank's CEO to employees confirming the merger agreement with UMB Bank. The letter provides new details: El Dorado's CEO will become Vice Chairman of UMB Bank California, there will be job reductions in support functions after closing, no branch closures are planned, and systems conversion is targeted for Q2 2027. No financial terms, price per share, or expected close date were disclosed.
Key Financial Metrics
Key Facts
- El Dorado Savings Bank CEO letter distributed to employees on October 27, 2026, confirming merger with UMB Bank
- El Dorado CEO to become Vice Chairman of UMB Bank California; Jennifer Jacobs to become Regional Delivery Manager in Consumer Banking
- Job reductions in support functions will occur between closing and systems conversion planned for Q2 2027
- No plans to close branches; customer-facing and branch employees will see little to no change in day-to-day responsibilities
- Transaction adds 31 branches in California and 4 in Nevada, expanding UMB's network to 227 branches across 15 states
- Severance will be offered to impacted employees; opportunity to apply for open positions with UMB after closing
- UMB intends to file a Form S-4 registration statement with the SEC in connection with the transaction
Financial Impact
No financial terms, deal value, or price per share disclosed. El Dorado is a $2.4 billion bank with 35 branches.
Risk Factors
- Job reductions in support functions could create integration friction or morale issues
- No financial terms disclosed, making it impossible to assess deal economics or dilution
- Regulatory approvals (banking regulators) required but not yet discussed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001193125-26-434366 |
| Document: 0001193125-26-434366-index-headers.html | 0001193125-26-434366 |
| Document: 0001193125-26-434366-index.html | 0001193125-26-434366 |
| Document: 0001193125-26-434366.txt | 0001193125-26-434366 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | 3 | $134.58 | awaiting T+1 | awaiting T+1 | $134.47 (−0.08%) |
Oct 30, 2026 2d ago | 144 | $134.58 | awaiting T+1 | awaiting T+1 | $134.47 (−0.08%) |
Oct 30, 2026 2d ago | 144 | $134.58 | awaiting T+1 | awaiting T+1 | $134.47 (−0.08%) |
Oct 30, 2026 2d ago | 144 | $136.20 | awaiting T+1 | awaiting T+1 | $134.47 (−1.27%) |
Oct 30, 2026 2d ago | 425 | $136.20 | awaiting T+1 | awaiting T+1 | $134.47 (−1.27%) |
Oct 30, 2026 2d ago | 144 | $133.61 | awaiting T+1 | awaiting T+1 | $134.47 (+0.65%) |
Oct 29, 2026 2d ago | 425 | $134.58 | awaiting T+1 | awaiting T+1 | $134.47 (−0.08%) |
Oct 29, 2026 3d ago | 8-K | $136.16 | awaiting T+1 | awaiting T+1 | $134.47 (−1.24%) |
Oct 28, 2026 4d ago | 425 | $136.16 $134.47 | ▼ −1.24% | ▲ +0.53% | $134.47 (−1.24%) |
Oct 27, 2026 4d ago | 425 | $132.34 $136.16 | ▲ +2.89% | ▲ +3.27% | $134.47 (+1.61%) |
US Market Status
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