Peter deSilva, Chairman and CEO of UMB Bank, said: Our consultative approach with clients is a natural fit with Harris’ client base and within the Indiana marketplace and further signifies our intention to continue the expansion of our footprint into new markets.
UMB has been a provider of corporate trust services for more than 60 years and administers more than $32 billion in debt, with more than 4,200 debt and escrow transactions.
Todd Duncan, Corporate Trust Division Manager, said: “we look forward to serving the former Harris clients while introducing them to UMB and our Corporate Trust and Escrow Services division. Our Indianapolis office, led by Kim Wilson and Mark Hudson, continues to gain momentum and this acquisition provides additional opportunities for growth.”
Harris is an integrated financial service organization providing more than 1.2 million personal, business and corporate clients with banking, lending, investing and wealth management solutions. The organization is a member of the BMO Financial Group that also provides corporate and investment banking services in the US under the BMO Capital Markets name.
