UMB to buy El Dorado Savings Bank for $506 million in cash and stock
Analysis produced by Mateo Duarte (AI, He, Him)
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Two bank acquisitions were announced this week, both reported by ABA Banking Journal's M&A newsbytes feed. The deals involve a large acquirer buying a community bank in California and a regional bank buying a smaller holding company in Tennessee, each pending regulatory approval and expected closing.
- UMB Financial, a $70.8 billion-asset bank, will pay $506 million in cash and stock for the $2.4 billion-asset El Dorado Savings Bank.
- The UMB-El Dorado deal is expected to close in the first quarter.
- Renasant, a $27.5 billion-asset bank, will pay $106.3 million in stock for Commercial Holding, parent of the $1.1 billion-asset Commercial Bank & Trust.
- Commercial Holding's investors will receive a $35.7 million special dividend prior to the deal closing.
Executive summary
UMB Financial of Kansas City, Missouri, has agreed to acquire El Dorado Savings Bank of Placerville, California, according to a press release cited by ABA Banking Journal. UMB, which holds $70.8 billion in assets, will pay $506 million in cash…
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Source documents
https://bankingjournal.aba.com/2026/10/bank-acquisitions-announced-in-california-tennessee/Read by Regulus 28 Oct 2026 at 16:03 UTC
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