UMB Bank's Institutional Custody Business Grows 19% Year-Over-Year
UMB Bank announced strong annual growth in its Institutional Custody business. As of March 31, 2026, the company held $250B in assets under custody, a 19% year-over-year increase from the same period in 2025, and a 298% increase since custody became a standalone business in 2019. "In addition to size, increased complexity is driving the need for specialized services for government and other political subdivisions," Small said. "We've seen a similar evolution of business needs among insurance companies, where middle-office services often focus on non-traditional asset servicing for alternative investments, foreign exchange capabilities, regulatory reporting, securities lending, and collateral management."
