UMB Financial in Kansas City, Mo., has agreed to buy Hybarger & Associates, a consulting firm focused on community bank performance.
The $40.6 billion-asset UMB said in a press release that it expects to complete the acquisition in the second quarter. The price wasn’t disclosed.
Hybarger offers advice in areas such as interest rate risk analysis, budgeting and forecasting, bond analytics and market tracking, liquidity and capital analysis, CECL modeling and board reporting.
“UMB has a long history of serving community banks, and this acquisition further demonstrates our commitment to supporting them and the critical services they provide,” Steve Kitts, executive director of middle markets sales at UMB Bank, said in the release.
“We are pleased to add a team of seasoned professionals and to further expand the robust services we offer community banks,” Kitts added.
Lance Caldwell, Hybarger’s principal owner, will join UMB’s capital markets division.