UMB Financial Corporation filed a Form 425 on October 27, 2026, disclosing a definitive agreement to acquire El Dorado Savings Bank, F.S.B., a federal savings bank headquartered in Placerville, California, with the transaction expected to close in the first quarter of 2027.

Key Highlights

  • Definitive agreement signed: UMB Financial announced on October 27, 2026 that it had executed a definitive agreement to acquire El Dorado Savings Bank, F.S.B.
  • El Dorado's balance sheet: As of June 30, 2026, El Dorado held $2.4 billion in assets, $2.1 billion in total deposits, and $0.5 billion in total loans, according to the filing.
  • Low loan-to-deposit ratio: The filing states El Dorado carries a loan-to-deposit ratio of 24%, which UMB describes as "incredibly attractive."
  • Branch network expansion: The acquisition would add 31 branches in California and four in Nevada, expanding UMB's overall network to 227 branches across 15 states.
  • Expected close and conversion: The transaction is expected to close in Q1 2027, with system conversion anticipated either late in Q1 or early in Q2 2027.
  • Regulatory and shareholder approvals required: Closing is subject to customary closing conditions, including regulatory approvals and the approval of El Dorado's shareholders.
  • Brand consolidation planned: According to the filing, El Dorado branches will over time become UMB Bank branches after closing.

El Dorado Savings Bank: A 67-Year-Old Consumer Deposit Franchise Entering UMB's Network

According to the filing, El Dorado Savings Bank was founded in 1958 by a group of local businesspeople and has operated in the greater Sacramento region and surrounding markets for over 67 years. The bank offers consumer-focused products including savings programs, mortgage loans, and home equity lines of credit, and provides customers access to 35 branch locations, ATMs, telephone banking, internet banking, and mobile banking. The filing describes El Dorado's current products and services as "primarily targeted for the consumer market."

UMB Financial, listed on NASDAQ:UMBF, disclosed that the acquisition is structured to bring $2.1 billion in what the filing characterizes as "core, granular, low-cost consumer deposits" onto UMB's balance sheet. The filing notes that El Dorado's 24% loan-to-deposit ratio is expected to provide additional liquidity to support UMB's loan growth strategy. Upon closing, the combined entity would operate 227 branches across 15 states, extending UMB's retail footprint into Northern California and Western Nevada for the first time.

The filing also outlines detailed rules of engagement governing how UMB employees may interact with El Dorado associates before closing. UMB employees are prohibited from soliciting El Dorado staff for employment, sharing proprietary information including customer data and pricing, or directing El Dorado's business activities in any way. The filing instructs UMB associates to route any information requests related to the transaction to named contacts in Corporate Development and Legal, specifically Matt Matzen, John McCarter, Amy Harris, and Nate Keller. The filing additionally warns that "criminal hackers frequently target organizations involved in time-sensitive financial events such as mergers and acquisitions" and asks associates to remain vigilant with external communications.

What Was Disclosed

UMB Financial filed a Form 425 containing an internal employee Q&A document dated October 27, 2026, announcing a definitive agreement to acquire El Dorado Savings Bank. The document covers deal rationale, transaction timeline, integration planning guidance, and employee conduct rules ahead of closing.