UMB Financial Corporation Surpasses $10 Billion in Mutual Fund and Trust Assets under Management.

KANSAS CITY, Mo. -- UMB Financial Corporation (NASDAQ: UMBF) is pleased to announce that the company has surpassed $10 billion in mutual fund and trust assets under management. Assets have increased 48.0 percent from $6.9 billion since June 30, 2004 following the sale of the company's employee benefits division. UMB has sustained double-digit growth in assets under management with a compounded annual growth rate of 17.0 percent, or $3.3 billion since June 30, 2004.

"Growth in total assets under management is a key measure of success in the overall growth strategies of this company," said Mariner Kemper, Chairman and CEO, UMB Financial Corporation. "We're continuing to execute against our strategy by taking a team approach to managing assets and building out our product offering."

Leading this growth was the UMB Scout Fund family, which in two and one-half years more than doubled its net assets to $5.0 billion, an increase of 230 percent. Comprising approximately half the assets under management for UMB, the fund family now includes five equity funds, one fixed income fund and three money market funds.

As part of the growth strategy, the UMB Scout Funds launched a new Mid Cap Fund (UMBMX) in October 2006. The Fund follows an investment objective based on long-term growth of capital through an investment style focused on mid capitalization companies. Shares of the Fund are available for purchase directly or through various mutual fund supermarkets.

UMB Financial Corporation is a multi-bank holding company headquartered in Kansas City, Mo., offering complete banking, asset management and related financial services to both individual and business customers. Its banking subsidiaries own and operate 139 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wisconsin, a trust management company in South Dakota, and single-purpose companies that deal with brokerage services, consulting services and insurance.

You should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus, which contains this and other information about the Funds, call 800-996-2862 or click on prospectus. Please read the prospectus carefully before investing.

The UMB Scout Funds are distributed by UMB Distribution Services, LLC, Milwaukee, Wis., an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank n.a.

o NOT FDIC INSURED o MAY LOSE VALUE o NO BANK GUARANTEE