Ranking: UMB Bank among top farm lenders in nation
Kansas City-based UMB Bank recently was ranked among the top 35 farm lenders in the U.S., according to a release from the American Bankers Association.
UMB ranked No. 33 on the association’s list of the top 100 farmer lenders by dollar volume for the third quarter of 2015, according to the release. The rankings are based on information compiled by the Federal Deposit Insurance Corp.
“UMB has always been in the agriculture lending business,” said Bill Watson, president of UMB Bank’s agribusiness division, in the release. “In 2012, we expanded our focus, adding relationship officers with specific expertise in dairy, food processing, row-crop and seed production. Since that time, we’ve seen a 75 percent increase in ag loan balances.”
As of Sept. 30, UMB Bank reported $493.1 million in agriculture-related loan balances. UMB Bank is a subsidiary of the UMB Financial Corp.
Bryan Horwath: 316-269-6708, @bryan_horwath
This story was originally published December 22, 2015 at 4:00 PM with the headline "Ranking: UMB Bank among top farm lenders in nation."