M&A Deal Summary

UMB Bank National Association Acquires 5Star Bank - Credit Card Portfolio

On May 26, 2010, UMB Bank National Association acquired financial services company 5Star Bank - Credit Card Portfolio from 5Star Bank

Acquisition Highlights
  • This is UMB Bank National Association’s 2nd transaction in the Financial Services sector.
  • This is UMB Bank National Association’s 3rd transaction in the United States.

M&A Deal Summary

Date 2010-05-26
Target 5Star Bank - Credit Card Portfolio
Sector Financial Services
Buyer(s) UMB Bank National Association
Sellers(s) 5Star Bank
Deal Type Divestiture

Target

5Star Bank - Credit Card Portfolio

United States
5Star Bank’s credit card portfolio includeds $66 million in assets and 63 agent bank credit card relationships.

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Buyer(S) 1

Buyer

UMB Bank National Association

Kansas City,, Missouri, United States

Category Company
Founded 1902
Sector Financial Services
DESCRIPTION

UMB Bank, National Association offers banking services. company also provides bond trading transactions, account processing, investment portfolio accounting, and compliance education, as well as bank dealer functions for correspondent banks in the Midwest.


DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: United States M&A 3 of 3
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-10 CardPartner

New York, New York, United States

CardPartner specializes in helping U.S.-based membership organizations and charities create custom Visa credit card programs.

Buy -

Seller(S) 1

SELLER

5Star Bank

Colorado Springs,, Colorado, United States

Category Company
Founded 1980
Sector Financial Services
DESCRIPTION

5Star Bank is a provider of banking services for Armed Forces Benefit Association (AFBA) a 63-year-old organization of members of the uniformed services of the United States.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1