UMB Financial Board Announces $0.195 Quarterly Cash Dividend and Common Stock Repurchase Authorization

KANSAS CITY, Mo.--(BUSINESS WIRE)--The Board of Directors of UMB Financial Corporation (NASDAQ: UMBF), a financial services holding company, declared during the company’s quarterly board meeting a $0.195 quarterly cash dividend, payable on July 1, 2011, to shareholders of record at the close of business on June 10, 2011.

The Board of Directors also authorized the repurchase of up to two million shares of the company's commonstock during the next 12 months. Shares purchased under the program will be used for general corporate purposes and may be available for re-issuance in connection with the company's stock plans and dividend reinvestment plan. The company may repurchase the shares from time to time in open market or privately negotiated transactions at the company's discretion, and on such terms, including, without limitation, quantity, timing and price, as management may determine to be in the company's best interest.

About UMB:

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide. Its banking subsidiaries own and operate 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 mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and Scout Investments, offering equity and fixed income investment strategies for institutions and individual investors. For more information, visit umb.com or follow us on Twitter at @UMBFinancial