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31 May 2011

Management Essay - UMB Bank

UMB Financial Corporation was founded in 1913 by W.T. Kemper and Associates in Kansas City, MO. In 1919 R. Crosby Kemper Sr. became the president and followed marketing practices, which were very new in that time as other banks used to wait for the customer at their premises only. With the passing of times, UMB bank purchased many banks and started various financial services. UMB Bank was the first to start Web EDI, an electronic Data Interchange Service for commercial customers in the United States (Company Information, 2008).


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