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UMB Financial board OKs stock buyback

's board authorized therepurchase of up to 2 million common shares from time to time until the regularboard meeting that immediately follows the 2017 annual meeting of shareholders.

Shares acquiredunder the program will be used for general corporate purposes and may be availablefor resale, including in connection with the company's compensation plans and dividendreinvestment plan, according to an April 26 news release.

The Kansas City,Mo.-based company may buy the shares in open market or privately negotiated transactions.