UMB Surpasses $615 Million in Health Savings Account Assets

  UMB Surpasses $615 Million in Health Savings Account Assets

Business Wire

KANSAS CITY, Mo. -- February 13, 2013

UMB Healthcare Services, a division ofUMB Financial Corporation (NASDAQ:
UMBF), announced today that account balances for its Health Savings Accounts
(HSAs) grew 55 percent during the previous 12 months, surpassing $615 million
dollars as of Jan. 31, 2013. The number of HSAs also grew to nearly 320,000
individual accounts, up dramatically from the 220,000 following open
enrollment last year.

UMB Healthcare Services also saw a 29 percent increase in the number of debit
cards it provides for Flexible Spending Accounts (FSAs), Health Reimbursement
Arrangements (HRAs) and HSAs. Today, the number of cards in circulation has
grown to more than 2.8 million.

“Providing our clients with the healthcare payment solutions that they need
and the tools to successfully and efficiently, manage and implement those
products, is key to our business,” said Dennis Triplett, CEO of UMB Healthcare

According to the January 2012 annual census by America’s Health Insurance
Plans (AHIP) Center for Policy and Research, the number of people with
HSA/HDHP coverage rose to more than 13.5 million, up from 11.4 million in
January 2011.

“Our HSA growth continues to reflect the trend we are seeing nationwide as
more individuals and employers move toward consumer-directed health accounts,”
said Triplett. “We are now challenged with educating the growing number of
employers and account holders on all that these accounts can offer toward
future financial stability, beyond day-to-day health care expenses.”

Since the inception of Medical Savings Accounts in the late 1990s, UMB
Healthcare Services has been a financial services leader in the health care
market place.Today, UMB, the first banking partner to provide multi-purpose
card technology to the health care industry, supports HSAs, FSAs and HRAs.

Funds in an HSA Base Account are held at UMB Bank, n.a., Member FDIC.

About UMB

UMB Financial Corporation (Nasdaq: UMBF) is a financial services holding
company headquartered in Kansas City, Mo., offering complete banking, payment
solutions, asset servicing, healthcare services and institutional investment
management to customers. UMB operates banking and wealth management centers
throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and
Arizona. It also has a loan production office in Texas. Subsidiaries of the
holding company include mutual fund and alternative investment services
groups, single-purpose companies that deal with brokerage services and
insurance, and a registered investment advisor that manages the company's
proprietary mutual funds and investment advisory accounts for institutional
customers. For more information, visit or follow us on Twitter at
@UMBBank, Facebook at and LinkedIn at


UMB Financial Corporation
Kristin Kovach, 816-423-6131
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