UMB Bank, a subsidiary of UMB Financial Corporation, announced on May 28, 2025, a significant expansion of its Corporate Trust and Agency Services group in California. The company welcomed thirteen professionals, formerly with Wilmington Trust, to enhance its service offerings.
These new professionals will provide a wide range of corporate, municipal trustee, escrow, and paying agent services. All but two of the new hires will be based in a new UMB office opening in Costa Mesa, Orange County.
This expansion underscores UMB's commitment to growing its specialized fee-based businesses and strengthening its presence in strategic markets. The addition of experienced talent and a new physical location is expected to bolster UMB's capabilities and market share in corporate trust services.
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