UMB Bank’s CEO has quit; parent company names a replacement


UMB Bank named a new CEO Wednesday after the resignation of Michael Hagedorn.

According to a release, UMB Financial Corp. (Nasdaq: UMBF) named Jim Rine as CEO, effective immediately. The parent company of the largest bank in the Kansas City area said the move came after Hagedorn resigned as CEO of the bank and vice chairman of the parent company "to pursue other opportunities."

Rine joined UMB as a credit analyst 24 years ago after graduating from Missouri State University. He was appointed president…

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