On January 28, 2020, the Board of Directors of UMB Financial Corporation appointed Mr. David Odgers to the position of Chief Accounting Officer of the Company, effective immediately. Mr. Odgers, has been with the Company for fifteen years, first serving as Assistant Controller, and, for the last six years, serving as the Company's Controller, a position he will retain. Prior to his time with the Company, Mr. Odgers was with Gold Banc Corporation, in Leawood, Kansas, serving in various capacities, including as Senior Corporate Accountant. Mr. Odgers replaces Mr. Brian Walker, who, on November 12, 2019, announced his decision to retire, effective March 2, 2020. Mr. Walker will remain with the Company in a consultative role until his retirement date.

On January 28, 2020, the Company announced that the Board of Directors of the Company had declared a quarterly dividend of $0.31 per share that is payable on April 1, 2020 to shareholders of record of the Company as of the close of business on March 10, 2020.