UMB acquires American National’s corporate trust services

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UMB Bank has acquired American National Bank’s corporate trust business.

UMB Corporate Trust and Escrow Services will acquire and transition American National’s corporate trust portfolio to its Denver offices.

The transaction includes 1,400 accounts and nearly $3 billion in assets under administration.

UMB Corporate Trust and Escrow Services is the fourth largest municipal bond trustee and paying agent in terms of transactions in the United States.