UMB announced gained regulatory approval to offer Delaware Statutory Trust services through its subsidiary UMB Delaware Inc.
The office is based in north Wilmington. UMB is a unit of a regional bank based in Kansas City, MO.
Delaware Statutory Trust services will be provided through a recently opened office in Wilmington led by Kristin Moore, senior vice president of UMB Delaware Inc.
“The Wilmington office is an important step for our fast-growing corporate trust group,” said Mark Flannagan, executive vice president at UMB, “Offering Delaware Statutory Trust services rounds out our full-service offering and further streamlines the client experience across a wide range of deals. We are also pleased to welcome Kristin, who is among the most experienced corporate trust professionals in the region.”
Moore and the Wilmington-based team will facilitate trustee services across a wide range of transactions including asset-backed securitizations, transportation finance, mortgage-backed securities, structured note programs, and project and renewable energy finance. Moore has more than 25 years of corporate trust experience in Delaware.
