Summary of Company's Executive Compensation Arrangement



 EXHIBIT 10.12 
  
 UMB FINANCIAL CORPORATION 
  
 Summary of the Company’s Compensation Arrangements 
 with Directors and Certain Executive Officers 
  
 Director Compensation. The following tables set forth the 2005 rates of compensation for the Company’s non-employee directors: 
  

														
	 	  	Through February 22, 2005


	 	  	 Board
Service

	  	Committee Service


	 	  	  	Audit

	 	 	Compensation

	  	Governance
and
Nominating


	 Annual Retainer
	  	 	-0-	  	 	-0-	 	 	 	-0-	  	 	-0-
	 Restricted Stock
	  	 	-0-	  	 	-0-	 	 	 	-0-	  	 	-0-
	 Meeting Attendance Fees
	  	$	600.00	  	$	800.00	1	 	$	500.00	  	$	800.00
	 Telephonic Meeting Attendance Fees
	  	 	-0-	  	 	-0-	 	 	 	-0-	  	 	-0-

  

													
	 	  	Effective February 23, 2005


	 	  	 Board
Service

	  	Committee Service


	 	  	  	Audit

	  	Compensation

	  	Governance
and
Nominating


	 Annual Retainer2
	  	$	10,000.00	  	$	5,000.00	  	$	2,500.00	  	$	2,500.00
	 Restricted Stock2
	  	$	10,000.00	  	 	 	  	 	 	  	 	 
	 Meeting Attendance Fees
	  	$	1,000.00	  	$	1,000.00	  	$	1,000.00	  	$	1,000.00
	 Committee Chairman Meeting Attendance Fees
	  	 	-0-	  	$	1,000.00	  	$	1,000.00	  	$	1,000.00
	 Telephonic Meeting Attendance Fees
	  	$	500.00	  	$	500.00	  	$	500.00	  	$	500.00

  
 Named Executive Officer
Compensation 
  
 None of the Company’s current named executive
officers (as defined in Regulation S-K Item 402(a)(3)) have written employment agreements with the Company, and all such named executive officers serve as employees at will. Summaries of the Company’s unwritten employment arrangements with the
named executive officers are as follows: 
  


	1	Audit Committee Chairman received $1,000. 


	2	If the Long-Term Incentive Plan is approved by shareholders at the April 26, 2005 Annual
Meeting, directors will receive a grant of Company common stock in the amount of $10,000.00. If such Plan is not approved, directors will receive a cash retainer of $20,000.00, rather than $10,000.00. With respect to annual retainers for committee
service, only the chairman of each committee will receive an annual retainer. 








 Base Salary 
  
 Effective January 1, 2005, the current named executive officers are scheduled to receive the following annual base salaries in their current positions: 
  

				
	 Name and Current Position

	  	Base Salary ($)


	 J. Mariner Kemper
 (Chairman and Chief Executive Officer)
	  	$	500,000.00
		
	 Peter J. deSilva3
 (President and Chief Operating Officer)
	  	$	460,000.00
		
	 Peter J. Genovese
 (CEO – St. Louis and Vice Chairman –
 East Region)
	  	$	323,730.00
		
	 David D. Kling
 (Divisional Executive Vice President,
 UMB Bank, n.a.)
	  	$	245,000.00
		
	 James D. Matteoni
 (Executive Vice President,
 UMB Bank, n.a.)
	  	$	200,000.00

  
 Annual and Long-Term Incentive
Plans. In their current positions, certain of the named executive officers may be eligible to: 
  
 · Receive an annual cash incentive award pursuant to
the Company’s 2005 Short-Term Incentive Plan (filed as Exhibit 10._ to this Form 10-K). Under such plan, Mr. Kemper and Mr. deSilva may be eligible to receive target awards of 50% of their respective base salaries, and Mr. Genovese and Mr.
Kling may be eligible to receive target awards of 30% of their respective base salaries. 
  
 · Participate in the Company’s Long-Term Incentive Plan (filed as Appendix B to the Company’s Proxy
Statement for the April 26, 2005, Annual Meeting) if it is approved by the Company’s shareholders at the Annual Meeting. Under such plan, Mr. Kemper and Mr. deSilva may be eligible to receive stock awards equal to 100% of their respective base
salaries, and Mr. Genovese and Mr. Kling may be eligible to receive stock awards equal to 50% of their respective base salaries. 
  
 Benefit Plans and Other Arrangements. In their current positions, the named executive officers are eligible to: 
  


	3	Mr. deSilva's Restricted Stock Award Agreement and employment arrangement description are filed as Exhibit 10.   to this Form 10-K.









 ·
Participate in the Company’s broad-based benefit programs generally available to its salaried employees, including health, disability and life insurance programs, the Employee Stock Ownership Plan of UMB, the UMB Profit Sharing and 401(k)
Savings Plan, and any applicable severance plan. 
  
 · Receive certain perquisites offered by the Company, including an automobile allowance, disability insurance, club membership fees and
relocation payments, if applicable.