UMB Financial in Kansas City, Mo., has acquired the health savings account business of Old National Bancorp in Evansville, Ind.
The $46.2 billion-asset Old National disclosed in a regulatory filing that about $382 million of HSA-related deposits were transferred to the $37.6 billion-asset UMB.
UMB paid a roughly $92 million premium to Old National.
When the deal was announced earlier this year, the companies said that about $500 million of client assets, including $400 million held in deposit accounts, would change hands.