UMB Financial has agreed to buy El Dorado Savings Bank, a Placerville, California-based savings bank, in a cash-and-stock deal valued at about US$506m, the company said on 27 October 2026.
Why UMB Financial Corporation is buying El Dorado Savings Bank, F.S.B.
UMB said the deal will significantly strengthen its retail presence on the West Coast, adding 31 branches in California and four in Nevada and taking its network to 227 branches in 15 states. El Dorado brings US$2.1bn of deposits against US$0.5bn of loans.
“This milestone is a significant leap forward for our retail footprint and overall presence in California and expands our UMB branch network into Nevada,”
Deal terms and financing
El Dorado shareholders will receive a fixed 13.553 UMB shares plus US$1,958.88 in cash per share, a mix of 52% cash and 48% stock, and will own about 2% of the enlarged group. El Dorado chief executive David O. Cook will become vice chairman of UMB Bank California.
Regulatory approvals and timing
The deal requires regulatory approvals and the approval of El Dorado's shareholders, and is expected to close in the first quarter of 2027.
Market context
UMB expanded into California through its 2025 acquisition of HTLF. El Dorado has served the greater Sacramento region since 1958.
