UMB Expands Healthcare Services with Acquisition of Old National Bank's HSA Portfolio

UMB Financial Corporation has completed the acquisition of over 8,000 Health Savings Accounts (HSAs) and approximately $32.5 million in related deposits from Old National Bank. The acquisition expands UMB's growing HSA business, providing individuals and employers with flexible, tax-advantaged savings solutions for qualified medical expenses. The addition of these accounts expands UMB's comprehensive suite of healthcare services, which includes HSAs, Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs).

UMB Financial Corporation (Nasdaq: UMBF) has announced the completion of its acquisition of over 8,000 Health Savings Accounts (HSAs) and approximately $32.5 million in related deposits from Old National Bank. The acquisition, which took place as part of UMB's recent acquisition of Bremer Bank, is a strategic move to expand its growing HSA business [1].

The newly acquired HSAs will provide individuals and employers with flexible, tax-advantaged savings solutions for qualified medical expenses. UMB's comprehensive suite of healthcare services, which includes HSAs, Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), will now benefit from the addition of these accounts [1].

The acquisition aligns with UMB's ongoing commitment to maintaining its position as an industry leader in healthcare services. The addition of these accounts will support the company's growing HSA business, which currently provides solutions for 5.2 million healthcare spending account cards and services nearly 1.6 million HSAs, totaling more than $4.6 billion in HSA assets and deposits as of June 30, 2025 [1].

Brian Hutchin, director of healthcare services at UMB, emphasized the importance of HSAs as a tool for managing healthcare expenses and planning for future retirement needs. The acquisition reflects UMB's dedication to delivering innovative, customer-focused solutions to its accountholders [1].

For more information about UMB's HSA offerings, please visit UMB.com/HSA.

References:

[1] https://www.stocktitan.net/news/UMBF/umb-healthcare-services-completes-acquisition-of-health-savings-f3s086jtjybf.html