UMB Financial Corporation (NASDAQ: UMBF) announces the promotion of
current President of UMB Asset Management, W. Thomas Chulick, to
chairman and chief executive officer of UMB Bank St. Louis.
Chulick, a St. Louis native, also will continue to lead UMB Asset
Management, overseeing private banking and personal trust services for
the St. Louis region. He will assume a leadership role on the company’s
corporate management committee. Chulick, who will report to Peter
deSilva, UMB Financial Corp. president and chief operating officer,
joined UMB in July 2007 and has 25 years of banking and wealth
management experience.
Reporting to Chulick is David H. Naunheim, who has been promoted to
President and Chief Lending Officer, UMB Bank St. Louis, and Gail Sneed,
senior vice president of consumer banking in St. Louis. The group, which
serves as UMB’s St. Louis executive management
team, works at the company’s downtown offices
at 2 South Broadway.
Former Chairman and Chief Executive Officer of UMB Bank St. Louis, Peter
J. Genovese, maintains his existing role as vice chairman of UMB
Financial Corporation. With more than 38 years of dedicated service to
UMB and the St. Louis community, Genovese now focuses full-time on UMB
corporate-wide growth and strategy initiatives as a member of UMB
Financial Corporation’s executive committee,
which includes: Chairman and Chief Executive Officer Mariner Kemper;
President and Chief Operating Officer Peter deSilva; and Chief Financial
Officer Michael Hagedorn.
“Tom has earned a tremendous reputation for
leadership within UMB and in our community and we are confident he will
continue to build on the momentum Pete Genovese has established in St.
Louis,” said Kemper. “Tom,
Dave and Gail are a talented and experienced team and they form one of
the best financial services leadership teams in the region.”
The announcement comes a little more than a year after UMB announced a
St. Louis leadership succession plan when Chulick and Naunheim joined
UMB to respectively manage asset management and commercial banking
operations.
About UMB
UMB Financial Corporation (NASDAQ: UMBF) is a multi-bank holding company
headquartered in Kansas City, Mo., offering complete banking, asset
management, health spending solutions and related financial services to
both individual and business customers nationwide. Its banking
subsidiaries own and operate 135 banking centers throughout Missouri,
Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries
of the holding company and the lead bank, UMB Bank, n.a., include an
investment services group based in Milwaukee, Wis., single-purpose
companies that deal with brokerage services and insurance, and
registered investment advisors for proprietary mutual funds.
UMB Financial Corporation
Pam Blase, 816-860-5606
