UMB Bank to purchase Old National's HSA business.
M2 EQUITYBITES-June 29, 2022--UMB Bank to purchase Old National's HSA business
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 29 June 2022
Kansas City-based UMB Bank (Nasdaq: UMBF) has signed a deal to take over about 150,000 health savings accounts (HSA) from Old National Bank (Nasdaq: ONB).
The accounts have about USD500m in client assets. Financial details of the deal have not been announced. Old National Bank's HSA business is known as The HSA...
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