Michael D. Hagedorn Joins UMB Financial Corporation as Chief Financial

    Business Editors/Financial Editors

    KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 11, 2005--UMB Financial Corporation (Nasdaq:UMBF) is pleased to announce that Michael D. Hagedorn will join the company on March 21, 2005, as executive vice president and chief financial officer. Additionally, he will be a member of UMB's Executive Committee. Mr. Hagedorn will oversee financial reporting, budgeting, management reporting, corporate finance, property management, compliance, investor relations and accounts payable for the organization.
    Mr. Hagedorn comes to UMB with more than 17 years of solid experience in the financial services industry. He has worked for Wells Fargo Audit Services, Inc., Wells Fargo Bank Minnesota, n.a., and most recently as senior vice president and chief financial officer of Wells Fargo Bank Iowa, n.a., and Wells Fargo's Midwest Banking Group, Des Moines, Iowa. He received his bachelor's in business administration and graduated Cum Laude from Iowa State University, Ames, Iowa.
    "Michael has a wealth of financial experience and we are pleased to have a chief financial officer of his caliber join our company," said Mariner Kemper, chairman and CEO of UMB Financial Corporation. "He will be an invaluable asset to the UMB team."
    "I look forward to working with Mariner Kemper and Peter deSilva and share in their enthusiasm for UMB's longstanding tradition and commitment to customers, shareholders and associates," said Hagedorn.

    UMB Financial Corporation is a multi-billion Dollar holding company headquartered in Kansas City, Mo., offering complete banking and related financial services to both individual and business customers. Its banking subsidiaries own and operate 153 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma and Nebraska.

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CONTACT: UMB Financial Corporation Jill Stockham, 816-860-5606

KEYWORD: COLORADO NEBRASKA MISSOURI KANSAS OKLAHOMA ILLINOIS INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: UMB Financial Corporation

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