UMB to buy California's El Dorado Savings Bank for $506M

Missouri-based UMB Financial will acquire El Dorado Savings Bank, a Sacramento and Lake Tahoe-area thrift, for $506 million in a 52% cash, 48% stock deal. El Dorado holders get 13.553 UMB shares plus $1,958.88 in cash per share, an 8% deposit premium.

Why it matters: The deal grows UMB to 227 branches in 15 states and extends it into Nevada, building on its 2025 HTLF purchase.