UMB Financial Corporation

03/27/2020 | News release | Distributed by Public on 03/27/2020 16:09

UMB’s customer relief efforts shared by Chairman, President & CEO Mariner Kemper

These are difficult times. However, I want you to know that we at UMB are here for you. We have been serving clients for more than 107 years and have seen many crises, from the flu epidemic of 1918 to the financial crisis of 2008. And we've helped our customers manage through them all by staying true to our legacy, business strategies and leadership principles. All of this still applies today and to this crisis-we will naturally do what we always have-we'll do what's right.

Your UMB team plans for times like this. We are risk managers by design and prepared for all environments. We are indeed built for times like this.

Rest assured we have capital and liquidity built up to meet your needs. And we have already rolled out relief measures for our clients, including:

  • Options for consumer loan and mortgage payment deferment or modifications on an individual, customized basis.
  • Increased mobile deposit limits.
  • Individualized, flexible credit card repayment and payment deferral options, as well as a balance transfer opportunity.
  • Access to additional credit lines extended on a case-by-case basis.
  • Six-month term loan payment deferral option for current small business customers.
  • Counsel on the SBA Disaster Assistance Program and other state and local programs.
  • A 90-day moratorium on initiating foreclosure activity on all mortgages and home equity lines and loans.

We will all make it through this challenging time together and be stronger for it. If we have not yet been in touch to check in on you, we will soon. We're here to support our customers, associates and communities as we weather this storm together. Let us know how we can help.
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