Company: UMBFO
Filing Date: 2025-05-30
Form Type: 424B4
Source: 0001193125-25-132102
Chunk: 57

Company: UMB FINANCIAL CORP
Filing Date: 2025-05-30
Form: 424B4
Chunk 57
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 (as described in
Section 4(b)(4) of ERISA) (“Non-ERISA Arrangements”) are not subject to the requirements of Section 406 of ERISA or Section 4975 of the Internal Revenue Code but may be subject to
federal, state, local, non-U.S. or other laws that are similar to ERISA and/or the Internal Revenue Code (“Similar Laws”).

The acquisition or disposition of the depositary shares by a Plan with respect to which UMB, the underwriters or any of our or their
affiliates (the “Transaction Parties”) is or becomes a party in interest or disqualified person may result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Internal
Revenue Code, unless the depositary shares are acquired pursuant to an applicable exemption or there is some other basis on which the acquisition and disposition of the depositary shares will not constitute a
non-exempt prohibited transaction under ERISA or

Section 4975 of the Internal Revenue Code
and is not prohibited under applicable Similar Laws. The U.S. Department of Labor (“DOL”) has issued several prohibited transaction class exemptions, or “PTCEs,” that may provide exemptive relief if required for direct or
indirect prohibited transactions that may arise from the acquisition of the depositary shares. These exemptions include PTCE 84-14, as amended (for certain transactions effected by independent qualified
professional asset managers), PTCE 90-1 (for certain transactions involving insurance company pooled separate accounts), PTCE 91-38 (for certain transactions involving
bank collective investment funds), PTCE 95-60 (for transactions involving certain insurance company general accounts), and PTCE 96-23, as amended (for transactions
effected by in-house asset managers). In addition, ERISA Section 408(b)(17) and Section 4975(d)(20) of the Internal Revenue Code may provide a limited exemption for the purchase and sale of the
depositary shares, provided that none of the Transaction Parties have or exercise any discretionary authority or control or render any investment advice with respect to the assets of any Plan involved in the transaction, and provided further that
the Plan pays no more and receives no less than “adequate consideration” in connection with the transaction (the so-called “service provider exemption”). There can be no assurance, however,
that all of the conditions of any of these statutory or class exemptions will be satisfied in connection with transactions involving the shares.