August 28, 2008 08:39 AM Eastern Time 

UMB Financial Corporation Promotes Tom Chulick to Chairman and CEO of UMB Bank St. Louis

KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (NASDAQ: UMBF) announces the promotion of current President of UMB Asset Management, W. Thomas Chulick, to chairman and chief executive officer of UMB Bank St. Louis.

Chulick, a St. Louis native, also will continue to lead UMB Asset Management, overseeing private banking and personal trust services for the St. Louis region. He will assume a leadership role on the company’s corporate management committee. Chulick, who will report to Peter deSilva, UMB Financial Corp. president and chief operating officer, joined UMB in July 2007 and has 25 years of banking and wealth management experience.

Reporting to Chulick is David H. Naunheim, who has been promoted to President and Chief Lending Officer, UMB Bank St. Louis, and Gail Sneed, senior vice president of consumer banking in St. Louis. The group, which serves as UMB’s St. Louis executive management team, works at the company’s downtown offices at 2 South Broadway.

Former Chairman and Chief Executive Officer of UMB Bank St. Louis, Peter J. Genovese, maintains his existing role as vice chairman of UMB Financial Corporation. With more than 38 years of dedicated service to UMB and the St. Louis community, Genovese now focuses full-time on UMB corporate-wide growth and strategy initiatives as a member of UMB Financial Corporation’s executive committee, which includes: Chairman and Chief Executive Officer Mariner Kemper; President and Chief Operating Officer Peter deSilva; and Chief Financial Officer Michael Hagedorn.

“Tom has earned a tremendous reputation for leadership within UMB and in our community and we are confident he will continue to build on the momentum Pete Genovese has established in St. Louis,” said Kemper. “Tom, Dave and Gail are a talented and experienced team and they form one of the best financial services leadership teams in the region.”

The announcement comes a little more than a year after UMB announced a St. Louis leadership succession plan when Chulick and Naunheim joined UMB to respectively manage asset management and commercial banking operations.

About UMB

UMB Financial Corporation (NASDAQ: UMBF) is a multi-bank holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 135 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wis., single-purpose companies that deal with brokerage services and insurance, and registered investment advisors for proprietary mutual funds.