UMB Bank signs long-term lease at 777 Main St.
August 9,2017
Reposted from Fort Worth Business Press
By FWBP Staff
UMB Bank, which came into the Fort Worth four years ago with the acquisition of Meridian Bank, will take an even higher-profile in this market when it shifts Fort Worth operations to 777 Main Street.
UMB Bank will take the space currently occupied by Frost Bank, which will move into the Frost Tower building currently under construction on the west side of downtown. UMB Bank will have 12,000-square-feet of office space on the fifth floor, a newly remodeled 7,000-square feet space in the lobby and exterior signage on the building.
“Since entering the Texas market four years ago, and with our recent acquisition of Meridian Bank, UMB Bank’s growth in this region has been off the charts,” said Cliff Keiser, president of UMB Bank’s Fort Worth operations and commercial banking team. “As we continue to build relationships in the corporate sector and expand our services, it seems only fitting that we showcase our commitment to Fort worth with a long-term lease at one of the city’s most iconic buildings.”
UMB Bank’s new locations will include services such as commercial banking, private banking, investment and wealth management, along with consumer banking services. UMB expects to move into the new space in 2018, pending regulatory approval.
The leasing agents for UMB Bank are Mike Gosslee and Jay Holland with Cushman & Wakefield. “This is a unique opportunity for UMB Bank,” Gosslee said. “It is a premier location for a commercial bank, providing high visibility in downtown Fort Worth.”
Robert Turner, executive vice president of The Brookdale Group, which acquired 777 Main in December 2014, said the downtown flagship location provides UMB Bank with “one of the most dynamic environments in north Texas and we are excited to have a fast-growing financial institution as part of this special place.”
Along with the new high-profile location, UMB Bank has added to its business banking team in North Texas, adding two bankers formerly with Capital One Bank. Adam Donahue, has been named senior vice president, team lead business banking and Everest Lau has been named assistant vice president, business banking client manager.
Zach Fee, president of UMB Bank Texas, said the bank plans to add more bankers as the Kansas City, Missouri-based bank grows its North Texas presence. “This is a key area for us,” he said.
UMB Bank entered the Texas market in 2013 and expanded into Fort Worth with the acquisition of Marquette Financial Companies and Meridian Bank Texas. UMB Bank added an investment banking team and a private wealth group in 2016. The bank, which operates in Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, has over $19 billion in assets.
UMB Financial Corp. trades over the NASDAW under the UMBF symbol, is a financial services holding company that offers banking, asset management, health spending solutions and related financial services to commercial, institutional and personal customers nationwide.