2005 ANNUAL REPORT

OUR VISION IS TO BE recognized

FOR the unparalleled customer experience.

UMB AT A GLANCE

PRODUCTS AND SERVICES Consumer Services Payment & Technology Solutions Commercial Banking Consumer Banking Treasury Management Commercial Lending Credit and Debit Cards Merchant Services Account Services Small Business Banking Healthcare Services Capital Markets Insurance* Stock Transfer Services Bankcard Consumer Lending Private Banking Mortgage

% OF NET INTEREST AND NONINTEREST INCOME

35% 25% 11%

OVERVIEW With 140 banking centers in Payment & Technology Solutions UMB provides complete commercial seven states and more than 700 ATMs, is nationally recognized as a top banking services including lending, we offer a full line of consumer provider of Treasury Management, capital markets and bankcard. banking products from checking Merchant Services, Healthcare to investments. Services and Stock Transfer Services.

2005 HIGHLIGHTS Home equity lines of credit (HELOC) Recognized as an industry leader in In 2005, commercial and industrial grew 96.5% in 2005. Treasury Management services. We ranked loans grew 24.3%. as the 29th largest cash management Deposits grew 9.9% year-over-year, provider in the most recent Ernst & Young Both our St. Louis and Denver markets partially due to our successful cash management survey. increased commercial loans by more “Grab-a-Great-Rate” campaign. than 30%. Made signifi cant investments in image Introduced a new, highly competitive processing which allow us to provide Omaha saw an increase of 55% in rewards credit card in 2005. innovative products such as remote deposit commercial real estate loans. Authorized by the United States capture. We offer a paycard product that Within our Commercial Lending Division, Small Business Administration (SBA) is helping our customers transition from we give our customers a quicker as an offi cial lender for the SBAExpress paper payment options to electronic turn-around on loan requests than ever program. Only the most active and payment solutions. before through enhanced authority at experienced lenders qualify for this We are investing in a substantial the local level. SBA lending program. upgrade to our treasury management We offer banking account services Private Banking is devoted to providing platform.This will enhance information customized to meet each business unparalleled, comprehensive fi nancial reporting and transaction initiation via customer’s needs. services to our clients. Our specialized the Internet and strengthen system security. areas of service include planning, Capital Markets offers a variety of Positioned as one of the top card and unique fi nancing options for companies investments*, trust, and account services, account solutions providers for Flexible as well as insurance*. that need fi nancial assistance outside Spending Accounts (FSA) and Health of typical bank offerings. In conjunction with online banking, Savings Accounts (HSA) with more than UMB offers FREE online bill pay. $35 million in deposits. Developed an end-to-end payment processing solution that enables our customers to automate payments in all *Insurance and Fixed Annuities are offered channels including Interactive Voice by UMB Scout Insurance Services, Inc. Response (IVR) for telephone payments, Securities are offered by UMB Scout Brokerage Services, Inc. (Member NASD, Accounts Receivable Conversion (ARC) for SIPC). Both are subsidiaries of UMB Bank, lockbox payments, paycard for payroll and n.a. and are separate companies from Web solutions for Web-based payments. the bank. Merchant Services sales grew more than 21% in 2005 with the addition of more than 1,000 new merchant processing locations.

**You should consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Funds, call 800.996.2862 or visit umbscoutfunds.com. Please read the prospectus carefully before investing.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY Asset Management UMB Investment Services Group Banking Services Investment & Wealth Management Administration and Fund Accounting Correspondent Banking for Individuals Alternative Investments Compliance Financial, Tax and Estate Planning Investor Services and Transfer Agency Investment Banking Mutual Funds Cash Management Consulting Investment Management for Institutions Mutual Fund Custody Foreign Exchange Trust Administration Marketing and Distribution Custody Services Corporate Trust Services

11% 10% 8%

We offer individuals and UMB ISG has partnered with UMB supplies a variety of products institutions a comprehensive investment advisors for more than and services for banks, institutional approach to money management. 55 years and currently serves more accounts, mutual funds, public fund than 125 clients with more than entities and individuals. $250 billion in combined assets.

UMB’s Brokerage and Personal Trust Non-interest income increased 10%. In 2005, we underwrote 130 new divisions combined to create a new municipal bond issues totaling more than Investment & Wealth Management group Electronic Automated Clearing House $1.1 billion, an increase of 23%. that includes more than 20,000 customers. (ACH) transaction activity grew 30%. Provided 2,200 portfolio and interest rate UMB Investment Advisors (UMB IA) Number of alternative investment clients risk reviews to the management and board has a long history of partnering with more than doubled. of directors of correspondent bank clients, institutions to manage their investments Installed MPartner®†, a state-of-the-art an increase of 12%. with foundations and endowment assets partnership accounting system to support totaling $919 million; public pension assets Correspondent bank customers increased our rapid growth. totaling $421 million; corporate pension their use of UMB products by more than assets totaling $407 million and Taft Implemented ComplianceFocus® — 11%, primarily in item processing and Hartley client assets totaling $250 million. a Chief Compliance Offi cer support private label credit cards. UMB’s Corporate Trust Division program that enables our clients More than 20 UMB associates were administers 4,000 accounts with total to stay out in front of increased instructors at graduate schools of banking principal outstanding of more than compliance regulations. in Wisconsin and Colorado, national $25 billion. UMB ranked seventh in 2005 compliance seminars and bank association among U.S. banks, based upon the secondary level schools. More than number of new municipal bond trustee 800 bankers attended UMB-sponsored appointments as compiled by Thomson seminars. Financial. This is the fi fth consecutive year that UMB has been ranked among the Fully implemented a Web-based product nation’s top ten U.S. banks in this category. that allows businesses and correspondent banks to initiate international payments and foreign exchange online, with more Mutual Funds than 120 existing and new customers UMB Scout Funds** benefi ted from record making the transition to the new product. net fl ows of $842 million during the year, more than twice the $305 million of net fl ows registered in 2004, and almost 10 times the net fl ows in 2002. The UMB Scout equity and bond Funds were collectively among the fastest-growing bank proprietary mutual funds in 2005.*** The UMB Scout Family of Funds ended 2005 with nearly $3.5 billion in assets.

The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an affi liate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a. *** Based on percentage change, according to Strategic Insight. Past performance is no indication of future results.

FEDERAL OR STATE GOVERNMENT AGENCY • NOT GUARANTEED BY THE BANK • MAY GO DOWN IN VALUE

UMB FINANCIAL CORPORATION EXECUTIVE COMMITTEE

FROM LEFT TO RIGHT: Mike Hagedorn, Chief Financial Officer; Peter deSilva, President and Chief Operating Officer; Pete Genovese, Vice Chairman; and Mariner Kemper, Chairman and Chief Executive Officer. The Executive Committee is also a part of the UMB Management Committee featured on page 26.

pg. 2 LETTER TO SHAREHOLDERS

Our commitment to high quality lending was OPTIMIZE DISTRIBUTION reflected in a reduction of non-performing assets to We continue to view our distribution network as an 0.16 percent of total loans at the end of 2005 area for strategic investment, and we are committed compared to 0.35 percent in 2004. to solidifying market share where we have a We plan to build upon our strong demand deposit presence. In 2005, we defined our strategy for all of base, which represents 35 percent of total deposits. the markets we serve by creating greater clarity of The chart below shows our deposit composition purpose in our market focus, whether it is retail or mix, which we have historically – and purposefully commercial, and we plan to complement that focus – maintained at the levels shown against our peers. with Private Banking, Asset Management and Small We also improved yield by modestly extending the Business Banking, as appropriate. average life of our investment portfolio. Rationalizing and growing our distribution is critical to our long-term growth and improved profitability. FEE-BASED BUSINESS GROWTH In 2005, we sold 11 branches, closed five and In 2005, our fee-based business represented opened four new branches in strategic locations. approximately 57 percent of total revenue. We Our focus is to have the right locations with the best attained growth in this area by acquiring new people and products to grow our business profitably. customers, increasing our share-of-wallet and re- pricing our products and services. Our high fee- Furthermore, our retail distribution better positions based revenue helped to offset our lower-than- us to deliver our small business and private banking industry loan-to-deposit ratio. The loan-to-deposit products. In 2005, we launched dedicated chart noted in our financial highlights (see page 22) leadership and sales forces to grow these two shows improvement for the year. While we recognize important businesses. Because we are a relationship- the importance of this ratio, we don’t intend to look driven organization, we rely heavily on our people like our peers in this area given the types of to differentiate us from our competition. By hiring, engaging and empowering our people, we will products and services we offer. improve our customers’ experience, increase our share-of-wallet and drive growth.

49% 45%

35% 28% 23% 20%

Noninterest-bearing Interest-bearing Time Deposits Deposits Transactional & Savings Deposits

UMBF PEER GROUP AVERAGE*

DEPOSIT COMPOSITION In 2005, our deposit composition continued to reflect our advantageous position versus our peers.

(*Peer group includes: BOKF, CBSH, CFR, COBZ, FMBI, FMER, HBHC and MI) pg. 3 LETTER TO SHAREHOLDERS

2.12

1.68 1.63 1.71

02 03 04 05 (Billions of Dollars)

BUSINESS-RELATED LOANS* Loan products are core to our business and will continue to fuel our growth.

(*Business-related loans include commercial, agricultural, leases, real estate construction and real estate commercial.)

STRENGTHEN ASSET MANAGEMENT 2006 OUTLOOK

This past year, we took important steps to align our Last year was important for UMB as we took brokerage and personal wealth management groups. strategic steps to position the company for long- Our new advisory model better positions us to serve term growth. As we go forward, these same the broad spectrum of our customers’ needs. To operational strategies will serve as a road map to support this, we expanded our product line by offering drive performance and financial results. The third-party products, and added 12 actively managed foundation is established, with safety and soundness mutual funds and 14 passively managed funds. at our core, and we have a strong focus on sales and profitability. CAPITAL UTILIZATION Just as important, we are building a culture of In 2005, we approved a 13.6 percent increase in commitment to our Vision, Mission and Values. our quarterly dividend to $0.25 per share; We share a common Mission to know our customers repurchased shares at an average price of $59.29; and anticipate their needs; advocate and advise; and invested in technological innovation and innovate and surprise. Across the UMB footprint, organizational development. Examples of associates are working hard to be recognized for technological investments going forward are the delivering the unparalleled customer experience. upgrade of our treasury management platform, and Those words aren’t just on the cover of this year’s the development of a comprehensive customer annual report – it’s the heartbeat of our company relationship management system. UMB also places which brings our brand to life. high priority on organizational development, At UMB, you can Count on moreSM – from me, and believing that by investing in our people and their from each and every one of our associates. potential, everyone benefits: our associates, our customers and our business.

As part of our goal to better utilize our capital, we also continue to evaluate strategic acquisitions that will improve our competitive advantage in Mariner Kemper targeted markets. Chairman and CEO UMB Financial Corporation Moving ahead, we’ll continue a balanced mix of these tactics to put our capital to work for shareholders. March 9, 2006

pg. 4 OUR MISSION

WITH OUR POSITION OF trust

AND OUR tradition OF integrity,

OUR SHARED MISSION IS TO knowour customers

AND anticipate THEIR NEEDS;

advocate AND advise; innovate

AND SURPRISE.

pg. 5 OUR VALUES

Customers First

WE DO THE UNPARALLELED TO CREATE AN ENVIRONMENT THAT CONSISTENTLY EXCEEDS THE EXPECTATIONS OF OUR CUSTOMERS.

Integrity & Trust

WE DEMONSTRATE OUR UNCOMPROMISING HONESTY AND INTEGRITY TO EARN THE TRUST OF EVERYONE WE SERVE.

Performance & Strength

WE ACHIEVE SUSTAINABLE GREATNESS BY DELIVERING ON OUR PROMISE, REMAINING INDEPENDENT AND MAINTAINING FINANCIAL SOUNDNESS.

Associate Spirit

WE RELY UPON OUR PEOPLE AND THEIR COLLECTIVE ATTITUDE AND SKILLS TO DIFFERENTIATE US FROM OUR COMPETITION.

pg. 6 DELIVERING ON OUR PROMISE

“WE accomplished A GREAT DEAL AS A COMPANY IN 2005 – AND THE

hard work CONTINUES.”

DEAR SHAREHOLDERS:

In 2005, we built on the progress we made in 2004. Our mutual fund services business, UMB Investment We made important and significant strides in Services Group, experienced strong sales from both our products, distribution and services. These existing and new customers, and expanded its product accomplishments contributed to a year of solid offerings with a focus on providing services to the growth for UMB while setting the foundation for fast-growing alternative investment marketplace. more progress in 2006 and beyond. Finally, in 2005, we re-priced and re-launched our FEE BUSINESSES correspondent banking business with a focus on traditional relationship-driven partnerships with Following our strategy to grow our fee businesses, 1,300 correspondent customers. we made improvements in three significant areas. First, we continued to strengthen our position in DISTRIBUTION the payments industry. We are working hard to help Throughout 2005, we worked hard to improve our customers transition to electronic payment our retail products, services and distribution solutions by providing innovative products and capabilities. Additionally, we introduced a best-in- services such as paycard, remote deposit capture class credit card reward program, and enhanced our and other image and electronic-based services. To line of credit and deposit products. Finally, our support this, we are investing in a significantly successful home equity line of credit and the upgraded treasury management platform. Our new Grab-a-Great-Rate deposit-gathering marketing product, UMB WebExchangeSM, is set to debut in the campaigns brought new customers and business second quarter of 2006. This integrated platform into our branches. will provide enhanced internet reporting, updated self-administration, leading-edge security features, ASSET MANAGEMENT online transaction initiation and comprehensive We made a number of positive changes to strengthen check management. our asset management business. Due to successful We’ve also successfully implemented a wholesale sales and marketing, and the opening of new health savings account (HSA) and flexible spending distribution channels, our proprietary family of account (FSA) strategy, focusing on healthcare providers mutual funds achieved record net flows of $842 and third party administrators. As a result, UMB million during 2005, more than twice the $305 achieved noteworthy wins including Assurant, (see page million registered in 2004, and almost 10 times the 19), Humana and SHPS, one of the nation’s largest net flows in 2002. providers of healthcare spending accounts. UMB is In addition, one of our key strengths is in the now positioned as one of the top card and account quality of our investment managers (see page 21). solutions providers for FSAs and HSAs in the country. BusinessWeek named Bill Greiner, UMB Investment At the end of 2005, we had more than $35 million in Advisors CIO, “Stock Market Strategist of the Year” deposits and balances in these accounts. in 2005. And Jim Moffett, Portfolio Manager of our

pg. 7 DELIVERING ON OUR PROMISE

Corporate Support

Payment & Technology Commercial

Solutions Banking Organizational Effectiveness Operations ConsumerServices Our

Customers Management Asset Operations

Technology & Technology

Services Banking Investment Services Group Marketing Communication

Supporting the customer experience through organizational excellence.

international fund, was runner-up for Morningstar’s and changes to our interactive voice response system. 2005 International Manager of the Year. We are very These investments will help us to be competitive, stay proud of these outstanding recognitions of our abreast of current technology improvements and offer people and their expertise. efficient services to our customers.

EFFICIENCIES ASSOCIATES

We also worked hard to become more efficient. Lastly, these accomplishments are only possible with In addition to the continued branch alignment, we the best people. Hiring, retaining, training and consolidated our bond and trust operations and developing the right associates, as well as aligning their offered a voluntary separation program. As evidence incentives the right way, encourages performance that of our focus on becoming more efficient, our supports UMB’s Vision, Mission and Values. UMB efficiency ratio improved to 79.18 percent implemented a balanced scorecard system in 2005, in 2005, from 83.50 percent in 2004. The efficiency which aligned the goals of the organization. In fact, ratio in 2005 was positively impacted by the net UMB was featured in BusinessWeek as one of the “50 gains from branch sales and closures and the sale of Web Smart Companies” for our effective use of, and employee benefit accounts. commitment to, this tool.

RISK MANAGEMENT We accomplished a great deal as a company in 2005 – and the hard work continues. As the diagram Underpinning these endeavors is our continued above shows, by focusing on the customer at the commitment to sound risk management standards. center of everything we do, we are intent on Our focus will always remain on maintaining strong delivering the unparalleled customer experience. credit quality, balance sheet and capital ratios, We look forward to serving you in 2006, and beyond. strong corporate governance and an enterprise-wide approach to risk management. Our intention is to Sincerely, be best-in-class, without sacrificing quality.

TECHNOLOGY

We also are investing in technology that will help ensure high quality customer service. In addition to our treasury management platform upgrade, in 2006 Peter deSilva we have several exciting advancements, including President and COO the implementation of NCR’s image-based check UMB Financial Corporation processing platform, a customer relationship management (CRM) system, upgrades to umb.com March 9, 2006 pg. 8 What is the More Factor?

EVERY DAY, EVERY ONE OF OUR MORE THAN 3,400 ASSOCIATES WORKS TO DELIVER MORE TO OUR CUSTOMERS. IT’S WHAT SETS UMB APART FROM THE COMPETITION AND DRIVES CUSTOMER LOYALTY. FOR 93 YEARS, OUR CUSTOMERS HAVE KNOWN THAT THEY CAN COUNT ON UMB FOR MORE THAN JUST BANKING SERVICES – WE’RE A PART OF THEIR BUSINESSES AND COMMUNITIES. ON THE NEXT PAGES, WE SHOW WAYS THAT WE DELIVER THE UNPARALLELED CUSTOMER EXPERIENCE.

pg. 9 pg. 10 DAIRY FARMERS OF AMERICA KANSAS CITY, MISSOURI

IN TIMES OF CRISIS, EVERYONE NEEDS A TRUSTED FRIEND. WHEN HURRICANE KATRINA RIPPED THROUGH THE SOUTH, THE DAIRY FARMERS OF AMERICA (DFA) TURNED TO A LONG-TIME FINANCIAL PARTNER AND ALLY THEY KNEW THEY COULD COUNT ON DURING THE EMERGENCY – UMB BANK. UMB customer since 1998.

Founded in 1998 in Kansas City, Mo., DFA DFA needed to get a very large sum of cash from established a banking relationship with UMB. its account to dairy farm families for medical Joel Clark, DFA’s senior vice president of supplies, food, water, fuel and feed for cattle. accounting, said UMB understood the farmer, Within 24 hours UMB responded – quickly the dairy industry and the needs of agricultural hand-counting the cash and delivering businesses. Over the years, UMB has provided individual envelopes, each with $1,000 cash, to DFA with a variety of services including employee DFA to distribute. benefits administration, lines of credit, treasury “We have always been able to count on UMB, management and personal account services. but the way a company performs during crisis is When Katrina struck, hundreds of dairy farmers a true sign of character,” says Clark. “Their in the Southeast found themselves with no remarkable response showed their integrity electricity and plenty of cows that needed and commitment to their customers. We are milking. Some had destroyed barns and downed proud of our affiliation with UMB and are timber on their farms, while others simply grateful for their dedication.” needed assistance with generators, supplies and With all of the technology in banking today, it fuel to care for their families and milking was the responsiveness of a few UMB associates operations. Electrical outages caused by Katrina that the DFA needed and counted on most quickly affected all regional businesses including during a time of need. banking and financial services, turning the affected area into a cash-and-carry society.

NEBRASKA ILLINOIS

UMB and Dairytogether to deliver more farmers during a crisis. of America worked Farmers COLORADO KANSAS MISSOURI

ARIZONA OKLAHOMA

UMB FOOTPRINT We have more than $2.1 billion in business-related loans in seven states.

pg. 11 pg. 12 A.G. EDWARDS . Edwards; . Edwards; ST. LOUIS, MISSOURI

A.G. EDWARDS REQUIRES A BANK THAT PROVIDES THE SERVICES OF A LARGE NATIONAL PLAYER WHILE ALSO OFFERING THE ADVANTAGES OF A LOCAL PARTNER.

UMB customer since 1997. A.G. Edwards, a full-service brokerage firm This, along with UMB’s reputation for that helps clients with retirement planning, professionalism and strong service, helped the investments and portfolio development, has bank earn A.G. Edwards’ business in 1997. been a cornerstone of the St. Louis business “We were immediately impressed by UMB’s community since 1887. level of service,” says Quinn. “They proved to “After a period of consolidation within the be sticklers for detail and quick to respond.” banking industry, we found we needed a A.G. Edwards continues to extend its usage strong – preferably local – bank that could be of UMB services, trusting the bank for all of responsive to our needs,” says Jack Quinn, its Automated Clearing House (ACH) senior vice president of operations for A.G. business. The company also trusts UMB to Edwards. “We found that UMB shares our handle the wire transfer requests in foreign client-first philosophy and our commitment exchange as well as certain kinds of to client service.” lending services. Offering the products and services usually From the boardroom to client service, UMB found only at large national banks, UMB was and A.G. Edwards continue working together among the first banks in St. Louis to provide to strengthen the financial lives of those they check-imaging services, an advantage not serve in Missouri and beyond. found at other competitors.

61.3 52.7 54.6 48.8 George Horn, Executive Vice President, Cash and Treasury Management, UMB; Jack Quinn, Senior Vice President of Operations, A.G Horn, Vice President, Cash and Treasury Executive George

02 03 04 05 (Millions of Transactions)

TOTAL AUTOMATED CLEARING HOUSE TRANSACTIONS At UMB, ACH transactions are increasing as consumers continue to migrate to electronic payment methods. Sharon Ellison, Assistant Vice President and Manager of Cash Control, A.G. Edwards; Ken Kotiza, President, UMB St. Louis. FROM LEFT TO RIGHT:

pg. 13 pg. 14 SANTA FE COOKIE COMPANY DENVER, COLORADO

AFTER TWENTY YEARS OF BAKING COOKIES IN DOWNTOWN DENVER, DEBBIE KUEHN IS SIMPLY KNOWN AS, “THE COOKIE LADY.” KUEHN’S SANTA FE COOKIE COMPANY HAS BUILT ITS BUSINESS THROUGH THE WHOLESALE DISTRIBUTION OF HAND-SCOOPED COOKIES TO SEVERAL

UMB customer since 2005. OF COLORADO’S MOST POPULAR SKI RESORTS.

But it has been Kuehn’s self-service window Prior to her transition to UMB, Kuehn spent where those with a sweet tooth could buy 19 years working with a bank that she said cookies on the honor system at three-for-a- was unhelpful, unfriendly and made her dollar that really kick-started the downtown feel unwanted. Denver cookie craze. “I used to dread going to my bank,” she says. “The window is fun because it allows us to “I always have a lot of one dollar bills to deposit work, yet still interact with the customers,” and they made me feel like I was inconveniencing says Kuehn. “I’ve met many wonderful people them. At UMB, everyone is always smiling, the and that’s where I discovered UMB.” service is quick and even though I’m just a small business owner, they make me feel As word spread about the delicious cookies, important and wanted. UMB has taken the her walk-up customer base increased and so stress out of my banking. I know they are a big did the stack of one dollar bills. She began bank, but they don’t treat you like it.” to establish relationships with her regulars, many of whom are UMB associates from the Kuehn’s personal service keeps her customers nearby branch. coming back to the Santa Fe Cookie Company, just as UMB associates’ personal touches keep “The UMB people that would stop by were her loyal to UMB Bank. always so nice, and when I mentioned that I had been unhappy with my bank’s service, they invited me to come by for a tour.”

+3% Finding the products and services that are truly right for customer is just one way of counting on more from UMB. Finding

NET RETAIL CUSTOMER GROWTH Net retail customer growth was up 3% in 2005 (excluding branch sales). UMB is committed to investing in our retail business and to grow it profitably.

pg. 15 pg. 16 SPRINGFIELD UNDERGROUND

, General Counsel, , General Counsel, SPRINGFIELD, MISSOURI

UMB UNDERSTANDS THE IMPORTANT ROLE IT CAN PLAY IN BUSINESS EXPANSION, EVEN WHEN THE EXPANSION OCCURS IN THE MOST UNLIKELY OF PLACES: ONE HUNDRED FEET BELOW GROUND.

Springfield Underground, a commercial and That’s where our philosophies are alike: We see industrial real estate development company our customers as business partners, and we look located in Springfield, Mo., recognized a unique for specific solutions that will help them succeed,” business opportunity when it decided to convert says Griesemer. the quarries left over from its mining business This customer-driven approach to business and into what has now become one of the largest Springfield Underground’s commitment to the underground manufacturing, distribution and community are qualities that resonate strongly storage complexes in the world. Now, the family-

. with UMB, making the Midwestern company owned company has the capabilities to deliver such a valued client. Similarly, Springfield services to a nationwide clientele that includes Underground found more than just a solution to everything from grocers to high-tech companies its banking needs in UMB. seeking secured facilities. “UMB is head and shoulders above the Springfield Underground has had a strong competition when it comes to its relationships relationship with UMB for more than 10 years with customers. Other banks can only try now, a fact that Louis Griesemer, President of UMB customer since 1996 to catch up. We have a very unique business Springfield Underground, attributes to the many and it means a lot that UMB took the time to similarities between the two companies. understand what we do and what our “The folks at UMB know that in order to best goals are. That’s what makes a successful serve your customer, you have to understand business relationship.” what their needs are. You have to put in the time.

+24% +20% +16% John Griesemer, Vice President, Springfield Underground; Louis Griesemer, President, Springfield Underground; Stephen Griesemer President, Springfield Underground; Louis Griesemer, Vice President, Springfield Underground; John Griesemer,

KC Metro East Central Western (MO/KS) (MO/IL/OK) (NE/CO/AZ/KS)

REGIONAL LOAN GROWTH Loan growth across our regions was up 18.3% in 2005. FROM LEFT TO RIGHT: Springfield Underground; Ann Marie Baker, Community Bank President. Ann Marie Baker, Springfield Underground;

pg. 17 pg. 18 ASSURANT HEALTH NEW YORK, NEW YORK

ASSURANT HEALTH AND UMB BANK HAVE DEVELOPED JUST THE RIGHT PRESCRIPTION TO HELP ALLEVIATE THE STRESS THAT CAN BE CAUSED h insurance market – – h insurance market BY LAYERS OF BUREAUCRACY AND PAPERWORK INVOLVED UMB customer since 2004.

IN MEDICAL CLAIMS PROCESSING AND APPROVAL.

Patients can now take ownership of the capabilities and investment tools to help process, thanks to services that UMB has customers control and grow their health helped Assurant Health provide its savings accounts. customers, including financial resources and “UMB did a great job,” said John W. Rownd, infrastructure that makes health insurance Director of Development, Individual Markets finances easier to self-manage. at Assurant Health. “It was a time-sensitive UMB helped Assurant Health create HSA implementation and UMB met our Tools, a sophisticated HSA administration requirements to introduce HSA Tools and platform providing custodial services for meet the needs of our policyholders in the HSA banking, debit cards, checkbooks, tax new world of HSAs. UMB and Amisys paperwork, a money market sweep account Synertech, Inc. (a technology provider) and investment options through six different worked with us to provide our policyholders mutual fund families. All of these capabilities an innovative Web site and the tools to are integrated with a secure Web site that manage their health care dollars.” provides expanded account management

GROWTH OF HEALTH SAVINGS ACCOUNTS UNDER +275.4% MANAGEMENT IN 2005. In 2004, UMB worked with Assurant to launch the country’sIn 2004, UMB worked first Health Savings Accounts (HSA) – the newest concept in healt which gives consumers the ability to directly manage their healthcare finances and grow savings as a tax-free investment.

pg. 19 pg. 20 UMB INVESTMENT ADVISORS

THIS WAS A BANNER YEAR FOR UMB INVESTMENT ADVISORS (UMB IA), THE INVESTMENT-MANAGEMENT ARM OF UMB BANK. AS A TEAM, UMB IA ACTIVELY MANAGES INVESTMENT PORTFOLIOS FOR CORPORATE PENSION PLANS, PUBLIC PENSION PLANS, TAFT-HARTLEY PLANS, ENDOWMENTS, FOUNDATIONS AND FOR HIGH tstanding results. tstanding results. NET-WORTH INDIVIDUALS AND FAMILIES.

UMB IA investment professionals also manage the reasons the Funds, their managers, our UMB’s proprietary family of mutual funds (the unique domestic and international strategies, and Funds) through Scout Investment Advisors, Inc. our long-term focus have been highlighted by (SIA), a subsidiary of UMB Bank, n.a. major national publications including Investor’s Business Daily, Barron’s, The Wall Street Journal, By year end, assets managed by UMB IA and SIA SmartMoney, Money and Forbes. increased to $8.2 billion. Growth in net flows to the Funds was a major contributor to this result. At the helm of the team is UMB’s Chief Thanks to an increased commitment to our Investment Officer, Bill Greiner, who was named institutional sales and marketing resources, the BusinessWeek’s 2005 “Stock Market Strategist of Funds recorded net flows of $842 million, more the Year.” He competed with investment than twice the net flows in 2004 – making them strategists from across the country to forecast one of the fastest growing bank sponsored mutual the markets a year in advance. Greiner, who was fund families in 2005, as they were in 2004. the most accurate forecaster with predictions for Leading the charge were portfolios managed 2005 that were nearly exact, was dubbed by Jim Moffett and Dave Bagby. These “The Sage of Kansas City” by BusinessWeek portfolios and their teams continue to garner editors for his achievement. national recognition. Greiner was quick to credit the other investment At the core of UMB IA’s success is our long- professionals on his team. They also share credit standing commitment to quality investing, for UMB IA’s growth with Gary DiCenzo, emphasizing a risk-controlled approach which Executive Vice President of Institutional Services, seeks to achieve above-average returns with less- and his group, who are responsible for the than-average risk over the long-term. This successful marketing and distribution of the approach informs everything we do and is one of Funds over the past few years.

8.2 842 7.3 6.7 6.6

88

02 03 04 05 02 03 04 05

With more than 500 years of combined experience, our investment team has the expertise and knowledge to consistently produce ou our investment team has the expertise With more than 500 years of combined experience, (Billions of Dollars) (Millions of Dollars) ASSETS UNDER MANAGEMENT SCOUT FUNDS NET FLOWS Personal, Institutional and Scout Funds (excluding assets under management from employee benefit accounts)

Products offered through UMB Investment Advisors and Scout Investment Advisors, Inc. are: not insured by the FDIC or any other government agency; not a deposit or other obligation of, or guaranteed by, UMB Bank; subject to investment risks, including the possible loss of the principal invested. pg. 21 UMB Bank, n.a., is an affiliate within the UMB Financial Corporation. FINANCIAL HIGHLIGHTS

61% 7.59 2.70 7.15 7.09 2.59 2.61 56% 6.93 48% 49% 5.53 1.98 5.28 4.98 5.14

02 03 04 05 02 03 04 05 02 03 04 05 ( Dollars) (Billions of Dollars) Deposits Assets EARNINGS PER SHARE LOAN-TO-DEPOSIT RATIO ASSETS & DEPOSITS (BASIC) (AVERAGE) (AVERAGE)

56% 56% 57% 37% 37% 17% 52% 34% 16% 31%

11%

8%

4% 4%

02 03 04 05 02 03 04 05 Tier 1 Tier 1 Total Leverage Risk-based Risk-based

Regulatory Minimum UMB

NONINTEREST INCOME NONINTEREST-BEARING RISK-BASED AS A % OF TOTAL REVENUE* DEMAND DEPOSITS AS A % OF CAPITAL RATIOS *Net interest income plus noninterest income TOTAL DEPOSITS (AVERAGE)

pg. 22 FIVE-YEAR FINANCIAL SUMMARY (in thousands except per share data)

Earnings 2005 2004 2003 2002 2001 Interest Income $ 271,911 $ 219,454 $ 235,863 $ 294,483 $ 384,876 Interest Expense 83,621 40,350 42,684 76,452 145,147 Net interest income 188,290 179,104 193,179 218,031 239,729

Provision for loan losses 5,775 5,370 12,005 16,738 14,745 Noninterest income 251,873 228,103 245,919 232,206 223,523 Noninterest expense 358,069 350,102 351,106 360,949 369,373 Net income 56,318 42,839 58,879 57,173 65,230

Average Balances Assets $ 7,094,319 $ 6,927,929 $ 7,150,135 $ 7,589,065 $ 7,366,444 Loans, net of unearned interest 3,130,813 2,781,084 2,588,794 2,632,850 2,929,061 Securities 2,918,445 3,033,732 3,556,388 3,897,717 3,213,772 Deposits 5,135,968 4,976,037 5,280,203 5,527,836 5,410,264 Long-term debt 34,820 17,579 17,384 27,466 29,049 Shareholders’ equity 829,412 821,556 808,472 794,202 748,739

Year-end Balances Assets $ 8,247,789 $ 7,805,006 $ 7,749,419 $ 8,035,559 $ 8,730,934 Loans, net of unearned interest 3,393,404 2,869,224 2,722,292 2,657,532 2,814,388 Securities 3,461,983 3,823,931 3,782,463 4,210,043 4,604,422 Deposits 5,920,822 5,388,238 5,636,125 5,846,947 6,375,510 Long-term debt 38,471 21,051 16,280 26,302 27,388 Shareholders’ equity 833,463 819,182 811,923 802,800 768,577 Allowance for loan losses 40,825 42,723 43,494 37,328 35,637 Nonperforming loans 5,439 10,050 12,796 10,712 7,279

Per Share Data Earnings - basic $ 2.61 $ 1.98 $ 2.70 $ 2.59 $ 2.95 Earnings - diluted 2.60 1.97 2.70 2.58 2.95 Cash Dividends 0.91 0.85 0.81 0.80 0.76 Dividend payout ratio 34.87% 42.93% 30.00% 30.89% 27.12% Book Value $ 38.78 $ 37.85 $ 37.43 $ 36.52 $ 34.73 Market price High 68.49 58.90 51.49 50.10 43.52 Low 52.89 46.46 36.25 36.20 32.86 Close 63.91 56.66 47.54 38.26 40.00

Ratios Return on average assets 0.79% 0.62% 0.82% 0.75% 0.89% Return on average equity 6.79 5.21 7.28 7.20 8.71 As a % of loans: Allowance for loan losses 1.20 1.49 1.60 1.40 1.27 Nonperforming loans 0.16 0.35 0.47 0.40 0.26 Risk-based capital: Tier 1 16.14 18.20 19.13 17.98 15.18 Total 16.99 19.20 20.25 18.88 15.97 Equity to assets 10.11 10.50 10.48 9.99 8.80

pg. 23 CONSOLIDATED BALANCE SHEETS (in thousands except share data) December 31, Assets 2005 2004 Loans: Commercial, fi nancial and agricultural $ 1,497,496 $ 1,204,628 Real estate construction 47,403 27,205 Consumer 987,770 947,105 Real estate 835,207 661,104 Leases 6,068 5,154 Allowance for loan losses (40,825) (42,723) Net loans 3,333,119 2,802,473 Loans held for sale 19,460 24,028 Securities available for sale: U.S. Treasury 95,687 407,735 U.S. Treasury pledged to creditors 436,111 328,897 U.S. Agencies 403,723 340,701 U.S. Agencies pledged to creditors 852,504 1,079,831 State and political subdivisions 614,505 452,907 Mortgage-backed 920,668 978,833 Total securities available for sale 3,323,198 3,588,904 Securities held to maturity: State and political subdivisions (market value of $67,365 and $168,324 respectively) 67,037 166,065 Federal Reserve Bank and other stock 13,260 9,042 Federal funds sold 142,524 — Securities purchased under agreements to resell 284,054 293,599 Interest-bearing due from banks 1,834 1,834 Trading securities 58,488 59,920 Total earning assets 7,242,974 6,945,865 Cash and due from banks 599,580 497,427 Bank premises and equipment, net 236,038 226,239 Accrued income 51,848 36,584 Goodwill on purchased affi liates 59,727 59,115 Other intangibles 4,078 4,859 Other assets 53,544 34,917 Total assets 8,247,789 7,805,006

Liabilities Deposits: Noninterest-bearing demand 2,051,922 1,993,281 Interest-bearing demand and savings 2,654,637 2,438,419 Time deposits under $100,000 713,249 630,988 Time deposits of $100,000 or more 501,014 325,550 Total deposits 5,920,822 5,388,238 Federal funds purchased and repurchase agreements 1,360,942 1,506,000 Short-term debt 35,091 39,426 Long-term debt 38,471 21,051 Accrued expenses and taxes 39,247 21,530 Other Liabilities 19,753 9,579 Total liabilities 7,414,326 6,985,824

Shareholder’s Equity Common stock, $1.00 par value; authorized 33,000,000 shares, 27,528,365 issued, 21,490,561 and 21,641,053 outstanding, respectively. 27,528 27,528 Capital surplus 728,108 726,595 Unearned compensation (1,904) — Retained earnings 342,675 305,986 Accumulated other comprehensive loss (21,550) (10,619) Treasury stock, 6,037,804 and 5,887,312 shares, at cost, respectively (241,394) (230,308) Total shareholders’ equity 833,463 819,182 Total liabilities and shareholders’ equity $ 8,247,789 $ 7,805,006 pg. 24 Please refer to the 10-K fi ling for additional information. CONSOLIDATED STATEMENTS OF INCOME (in thousands except share and per share data) Year Ended December 31 Interest Income 2005 2004 2003 Loans $ 176,842 $ 136,285 $ 136,975 Securities: Securities available for sale - Taxable interest 64,784 57,684 70,730 Securities available for sale - Tax-exempt interest 14,622 8,798 9,372 Securities held to maturity - Taxable interest 23 62 140 Securities held to maturity - Tax-exempt interest 5,374 10,125 15,472 Total securities income 84,803 76,669 95,714 Federal funds and resell agreements 7,980 4,389 1,701 Trading securities and other 2,286 2,111 1,473 Total interest income 271,911 219,454 235,863

Interest Expense Deposits 52,099 27,059 33,174 Federal funds and repurchase agreements 29,371 12,163 8,245 Short-term debt 418 185 193 Long-term debt 1,733 943 1,072 Total interest expense 83,621 40,350 42,684 Net interest income 188,290 179,104 193,179 Provision for loan losses 5,775 5,370 12,005 Net interest income after provision for loan losses 182,515 173,734 181,174

Noninterest Income Trust and securities processing 82,430 75,742 86,490 Trading and investment banking 18,240 17,915 20,863 Service charges on deposits 79,420 73,533 70,705 Insurance fees and commissions 3,326 3,487 3,704 Brokerage fees 5,933 7,731 9,637 Bankcard fees 33,362 31,435 31,655 Gains on sales of assets and deposits, net 9,237 2,185 — Gain on sale of employee benefi t accounts 3,600 1,240 233 Gain on sale of merchant discount operation — — 8,250 Gains (loss) on sales of securities available for sale (225) 141 824 Other 16,550 14,694 13,558 Total noninterest income 251,873 228,103 245,919

Noninterest Expense Salaries and employee benefi ts 190,197 189,876 196,893 Occupancy, net 26,468 26,131 24,720 Equipment 44,031 43,422 42,645 Supplies, postage and telephone 21,808 22,268 23,291 Marketing and business development 13,309 15,306 13,550 Processing fees 23,594 21,372 20,323 Legal and consulting 8,577 8,825 7,355 Bankcard 11,608 9,116 8,088 Amortization of other intangibles 740 742 1,210 Other 17,737 13,044 13,031 Total noninterest expense 358,069 350,102 351,106 Income before income taxes 76,319 51,735 75,987 Income tax expense 20,001 8,896 17,108 Net income $ 56,318 $ 42,839 $ 58,879 Net income per share - Basic 2.61 1.98 2.70 Net income per share - Diluted 2.60 1.97 2.70 Weighted average shares outstanding 21,554,768 21,668,749 21,783,354

Please refer to the 10-K fi ling for additional information.

pg. 25 UMB MANAGEMENT COMMITTEE

Craig Anderson Vince Ciavardini Terry D’Amore Joe Gazzoli Chairman and CEO President and CEO Executive Vice President Executive Vice President Kansas Region UMB Investment Services Group Payment & Technology Solutions Asset Management

Dan Gomez Steve Hamilton Royce Hammons David Kling President and CEO President Chairman and President Divisional Executive Vice President UMB Omaha Northwest Missouri Region Oklahoma Region Operations and Technology

Ken Kotiza Chuck Menke Heather Miller Doug Page President President Senior Vice President Executive Vice President UMB Bank, St. Louis Central Missouri Region Marketing Communication Chief Lending Offi cer

Dennis Rilinger Jon Robinson Jim Sangster Brad Smith Divisional Executive Vice President President President Executive Vice President General Counsel UMB Bank Colorado, n.a. UMB Bank, n.a. Consumer Services

Larry Smith Pat Thompson Gil Trout Jackie Witte Executive Vice President Divisional Executive Vice President Chairman and CEO Executive Vice President Chief Organizational Investment and Southwest Missouri Region Organizational Effectiveness, Effectiveness Offi cer Correspondent Banking Client Services pg. 26 UMB BOARD OF DIRECTORS

UMB Financial Corporation Alexander C. Kemper UMB Bank, n.a. Chairman and CEO Theodore M. Armstrong• Perfect Commerce, Inc. Don R. Armacost Jr. Retired Mariner Kemper* President and CEO Angelica Corporation Peterson Manufacturing Company Chairman and CEO Paul D. Bartlett Jr.° UMB Financial Corporation J. Fred Ball Chairman of the Board Chairman and CEO Chairman and CEO Bartlett and Company UMB Bank Colorado, n.a. Ball’s Price Chopper and Hen House Markets Thomas E. Beal° R. Crosby Kemper° President Chairman Emeritis Paul D. Bartlett Jr. Beal Properties, Inc. UMB Financial Corporation Chairman of the Board Bartlett and Company David R. Bradley Jr.• Tom J. McDaniel° President, Publisher and Editor President William E. Clarkson Jr. News-Press and Gazette Company Oklahoma City University President John H. Mize Jr.• Superior Asphalt Company Peter J. deSilva* Vice President Chairman, President and CEO Chairman and CEO Clarkson Construction Company UMB Bank, n.a. Blish-Mize Company President and COO Peter J. deSilva* Robert W. Plaster° UMB Financial Corporation Chairman and CEO Chairman of the Board UMB Bank, n.a. Evergreen Investments, Inc. Terrence P. Dunnˆ President and COO President and CEO Kris A. Robbins• UMB Financial Corporation J.E. Dunn Construction Company President, CEO and COO Joseph J. Gazzoli° Security Benefit Group, Inc. Peter J. Genovese°* Executive Vice President Vice Chairman Thomas D. Sanders† Chairman, St. Louis UMB Financial Corporation Board Consultant/Strategic Planning UMB Bank, n.a. CEO, St. Louis Region MMC Corp. UMB Bank, n.a. Peter J. Genovese°* † Vice Chairman Gregory M. Graves† L. Joshua Soslandˆ Vice President UMB Financial Corporation President and CEO Sosland Companies, Inc. CEO, St. Louis Region Burns & McDonnell UMB Bank, n.a. Michael D. Hagedorn°* Paul Uhlmann IIIˆ President Jeffrey B. Hanes Chief Financial Officer The Uhlmann Company President UMB Financial Corporation Carter-Waters Corporation Richard Harvey Dr. Jon Wefald President Gary E. Hanman Chairman Kansas State University President and CEO William H. Harvey Company Dairy Farmers of America, Inc. J. Lyle Wells Jr.° Consultant Gordon F. Harton President Thomas J. Wood III Lee Company General Partner Wood Family Partnerships Marilyn B. Hebenstreit Chairman Linda Hall Library Richard F. Jones President and CEO Fidelity Security Life Insurance Co. Alexander C. Kemper Chairman and CEO Perfect Commerce, Inc. Mariner Kemper* Chairman and CEO UMB Financial Corporation Chairman and CEO UMB Bank Colorado, n.a. R. Crosby Kemper° Chairman Emeritis UMB Financial Corporation

°Advisory Board *Member Executive Committee ˆGovernance Committee †Compensation Committee •Audit Committee pg. 27 UMB BOARD OF DIRECTORS

Greg S. Maday UMB Bank Colorado, n.a. UMB Bank Warsaw, n.a. Partner Rock Island Capital Buck Blessing William G. Bunch Patrick J. McCown CEO Owner Griffis/Blessing, Inc. Bunch Family Farms, LLC CEO Mid Missouri Autosports.com, Inc. McCown Gordon Construction Dwight A. Brinkman John Cook Timothy R. Murphy President and CEO U.S. Engineering Company Vice President President and CEO Cook Tractor, Inc. Murphy-Hoffman Company David Butler Darace Eaton Douglas F. Page° Of Counsel Holland and Hart President Executive Vice President Eaton Enterprises, Inc. UMB Bank, n.a. Laurence B. Cohen Executive Vice President Investor Martha M. Fajen UMB Financial Corporation President K.C. Gallagher TRISTAR Sporting Arms, Ltd. Gary Phillips Managing Partner President and CEO Gallagher Industries LP Scotty E. Henderson Associated Wholesale Grocers, Inc. Owner and Manager Dave J. Ruf° Philip H. Goedert Henderson Ranch and Cattle Company Retired President Tangents Design Management Thomas A. Hill James A. Sangster Chairman, President and CEO President Steve Hamline UMB Bank, Warsaw, n.a. UMB Bank, n.a. President of Rocky Mountain Region Executive Vice President J.E. Dunn Construction Company Shawn Hilty UMB Financial Corporation Hilty Quarries, Inc. Robert G. Jaster West Central Concrete, LLC L. Joshua Sosland President and CEO Vice President Robinson Brick Company Stanfred L. Hilty° Sosland Companies, Inc. Chairman of the Board Mariner Kemper Hilty Quarries, Inc. H. Stephen Talge° Chairman and CEO President UMB Financial Corporation Kenneth F. Kammeyer Dazey Corporation Chairman and CEO Retired UMB Bank Colorado, n.a. John W. Uhlmann Jerry D. Lumpe Chairman of the Board R. Crosby Kemper° Retired The Uhlmann Company Chairman Emeritis James A. Miller UMB Financial Corporation William D. Wagner Director President Steve Lockton Reser Funeral Home CST Industries, Inc. Executive Vice President Davis-Miller Funeral Home Lockton Companies E. Jack Webster Jr. Paul Ross Chairman of the Board Peter J. Neidecker Retired Petrol Properties, Inc. Investor Gil Trout J. Lyle Wells Jr.° The Honorable Ray Powers° Chairman and CEO Consultant Former State Senator South Central Region Colorado State Senate UMB Bank, n.a. Jon Robinson UMB Bank Arizona, n.a. President UMB Bank Colorado, n.a. UMB Fund Services, Inc Douglas M. Briggs Chairman and CEO David Taylor Vincent J. Ciavardini UMB Bank Arizona, n.a. President Vice Chairman Velcon Filters, Inc. UMB Financial Corporation Brian M. Goodwin R. Thayer Tutt Jr. President and CEO Managing Director UMB Investment Services Group Shughart Thomson and Kilroy President and CIO El Pomar Foundation Peter J. deSilva Scott Harr Ned C. Voth Chairman and CEO CFO UMB Bank, n.a. UMB Bank Arizona, n.a. President Jordan’s Building Center President and COO Mark Peterson UMB Financial Corporation President and Chief Lending Officer Michael D. Hagedorn UMB Bank Arizona, n.a. Executive Vice President and CFO Richard Trueblood UMB Financial Corporation CFO Peter J. Hammond Troon Golf LLC Executive Vice President and Chief Administrative Officer UMB Fund Services

°Advisory Board pg. 28 UMB National Bank James A. Sangster UMB Scout Insurance of America President Services, Inc. UMB Bank, n.a. Craig L. Anderson Executive Vice President DeAnna L. Basler Chairman and CEO UMB Financial Corporation Executive Vice President UMB National Bank of America Kenneth L. Stielow UMB Bank, n.a. Philip Brokenicky President Troy Bender Bar S Ranch, Inc. President and CEO President Horizons, Inc. John K. Vanier II UMB Scout Insurance Services, Inc. Ross Doyen Vice President Peter J. deSilva Western Star Ag Resources Inc. Farmer and Cattleman Chairman and CEO William G. Watson UMB Bank, n.a. Leon L. Dunn President and COO Livestock and Grain Producer Executive Vice President UMB Bank, n.a. UMB Financial Corporation Stewart R. Etherington J. Lyle Wells Jr. James D. Rine Owner Regional President – Community Banking Etherington and Co. Realtors Consultant UMB Financial Corporation UMB Bank, n.a. Robert W. Exline Jr. Lee Young James A. Sangster President President Exline, Inc. President and CEO Salina Vortex Corporation UMB Bank, n.a. Gregg K. Fischer Executive Vice President Community Bank President UMB Financial Corporation Hudson Banking Center Bradley J. Smith UMB National Bank of America UMB Scout Brokerage Executive Vice President Services, Inc. Terry D. Harts UMB Bank, n.a. Community Bank President DeAnna L. Basler Gil Trout Manhattan Banking Center Chairman and CEO UMB National Bank of America Executive Vice President UMB Bank, n.a. South Central Region C.N. Hoffman III UMB Bank, n.a. Retired Troy Bender Farmer/Rancher President UMB Scout Insurance Services, Inc. William C. Hoffman Investments Peter J. deSilva Chairman and CEO Donald G. Lamb UMB Bank, n.a. President President and COO Salina Banking Center UMB Financial Corporation UMB National Bank of America James D. Rine Robert K. Larsen Regional President – Community Banking Retired UMB Bank, n.a. Patrick W. Michaelis James A. Sangster Community Bank President President Topeka Banking Center UMB Bank, n.a. UMB Bank, n.a. Executive Vice President UMB Financial Corporation John A. O’Leary Community Bank President Gil Trout Russell Banking Center Chairman and CEO UMB National Bank of America South Central Region UMB Bank, n.a. Richard A. Renfro Vice Chairman of the Board UMB National Bank of America Daryl D. Roney Community Bank President Abilene Banking Center UMB National Bank of America

pg. 29 UMB ADVISORY BOARDS

Central Missouri Region Mark Mehle Northeast MDM Enterprises Charles Bindemann Boonville, Missouri Charles D. Menke President Executive Vice President Accu-Therm, Inc. William A. Abele, M.D. UMB Bank, n.a. President, Central Missouri Region Retired Guy E. Callison Owner and Manager Brian D. Neuner Swine Assurance Productions, Inc. Larry E. Grissum Community Bank President Partner UMB Bank, n.a. Grissum Farms, Inc. Kenneth A. Carroll Owner Mary McCleary Posner Carroll Seed Farms Robert O. Herfurth Principal and President Retired Posner McCleary, Inc. J. Cecil Fisher Farmer, Semi-Retired Kenneth Huth Randall Wright Partner General Manager Robert L. Hawkins Jr. Huth Farms Partnership KMIZ-17, Fox 11 Retired Marty L. James G. Harland Johnson Community Bank President Jefferson City, Missouri Community Bank President UMB Bank, n.a. UMB Bank, n.a. George W. Burruss John G. Jewett Howard F. Kizer Jr. Retired Accountant and Farmer President and CEO Missouri Motor Carriers Association Retired Charles P. Malone Marlin McCormick Retired Carrie Carrol General Manager Certified Public Accountant Owner/Manager Carrie’s Hallmark Shop and Farmers Elevator and Exchange Charles D. Menke Cottonstone Gallery Executive Vice President Charles D. Menke Executive Vice President UMB Bank, n.a. Robert E. Dallmeyer Jr. UMB Bank, n.a. President, Central Missouri Region Retired President, Central Missouri Region Lewis W. Miller F. Joe Delong Retired Owner and CEO Weldon D. Paris Delong’s, Inc. President Dale Reesman Pete Paris Chevrolet, Inc. Attorney Robert L. Hawkins Jr. Williams, Reesman and Tate Retired Bob D. Swartz, DDS Harold W. Schnetzler Charles D. Menke President Executive Vice President Schnetzler Enterprises UMB Bank, n.a. Eastern Missouri Region President, Central Missouri Region Todd B. Snapp Brian D. Neuner President St. Louis, Missouri – City Snapp’s Hardware, Inc. Community Bank President, Columbia UMB Bank, n.a. Terry K. Anderson Columbia, Missouri CEO Mary McCleary Posner Best Artex, LLC Roland S. Bartels Principal and President Theodore M. Armstrong Partner Posner McCleary, Inc. Retired Emery Sapp and Sons, Inc. Larry V. Schepers Angelica Corporation Charles P. Bondurant V, MD Community Bank President, Jefferson City Warner Baxter Physicians Resources, Inc. UMB Bank, n.a. Executive Vice President and CFO Ameren Corporation Gary R. Drewing R. Brad Scrivner President and Co-Owner Executive Vice President Vincent J. Bommarito Joe Machens Ford UMB Bank, n.a. CEO Tony’s Restaurants, Inc. Susan L. Horak Rod Smith RE-MAX/Boone Realty Sports Director TV13 John R. Brightman Stephen C. Knorr KRCG V 13 Vice Chairman, St. Louis Assistant to the President - UMB Bank, n.a. Federal Relations Louis G. Chiodini University of Missouri President Don L. Landers Chiodini Associates Owner Richard G. Engelsmann Landers Weiss and Company LLC Chairman Beltservice Corporation Thomas F. Feldmann President and CEO Lionmark Construction Company pg. 30 Joseph J. Gazzoli Roger D. Joseph Peter J. Genovese Executive Vice President Vice President, Vice Chairman Chairman, St. Louis Treasurer and Investor Relations UMB Financial Corporation UMB Bank, n.a. Kellwood Company CEO, St. Louis Region UMB Bank, n.a. Peter J. Genovese Patrick T. Kelly Vice Chairman President Andrew S. Hereford UMB Financial Corporation Pat Kelly Equipment Company Executive Vice President CEO, St. Louis Region Chris T. Koenemann UMB Bank, n.a. UMB Bank, n.a. Executive Vice President Ken E. Kotiza Andrew S. Hereford Lockton Companies of St. Louis, Inc. President, St. Louis Executive Vice President Ken E. Kotiza UMB Bank, n.a. UMB Bank, n.a. President, St. Louis Maurice E. Netemeyer Ralph E. Hoffman UMB Bank, n.a. President CEO Paul S. Mace, DDS Aviston Lumber Company TSI Graphics, Inc. President Thomas H. Renner, Jr. Todd J. Korte Paul S. Mace, DDS Owner President and CEO Bart J. Margiotta Shilo Valley Equipment Company The Korte Company President Donald P. Rigney Ken E. Kotiza Priority Properties Vice President Empire Comfort Systems President, St. Louis June McAllister-Fowler UMB Bank, n.a. Vice President Ronald G. Skaggs J. Michael Medart Corporate and Public Communications Community Bank President President and CEO BJC HealthCare UMB Bank, n.a. Medart, Inc. Timothy M. Murch Scott Negwer President St. Charles, Missouri Negwer Materials, Inc. Mitch Murch Maintenance Management Company Charles C. Blossom St. Louis, Missouri – County Patrick L. Murphy Executive Director Retired Boone Center, Inc. Vincent P. Bommarito Anthony F. Piazza David G. Cosby Executive Chef President Vice President Tony’s Restaurants, Inc. RSI Kitchen and Bath UMB Bank, n.a. Clayton Brown Stephen E. Ricci Julia M. Eckstein President and COO President President The International Group Ricci Associates, Inc. Community Calendars.net, LLC Wendy Buehler Robert D. Vieth Peter J. Genovese Executive Director Executive Vice President Vice Chairman Life Skills Foundation UMB Bank, n.a. UMB Financial Corporation CEO, St. Louis Region Deanna Daughhetee Charles F. Voelkel II UMB Bank, n.a. CEO Vice President and Secretary American Equity Mortgage Semco Plastic Company William J. Green Owner Michael J. Dreller Michael E. Zilm SCI Engineering, Inc. Controller President Xtra Corporation St. John’s Mercy Hospital Charles R. Gross Vice President Joseph J. Gazzoli UMB Bank, n.a. Executive Vice President Illinois Chairman, St. Louis Andrew S. Hereford UMB Bank, n.a. P. Douglas Becherer Executive Vice President UMB Bank, n.a. Peter J. Genovese President Vice Chairman Drs. Becherer, Becherer and Ken E. Kotiza UMB Financial Corporation Associates Ltd. President, St. Louis CEO, St. Louis Region Pamela A. Burnham UMB Bank, n.a. UMB Bank, n.a. President Maurice D. Newberry Andrew S. Hereford Von Alst Operating, L.L.C. Executive Vice President and COO Executive Vice President Larry Eckert The Newberry Group, Inc. UMB Bank, n.a. President Harlan Pals Kent R. Higginbotham Bethel-Eckert Enterprises, Inc. Chairman Principal President Timothy K. Garvey Pals Group Higginbotham Brothers, Inc. Executive Director Randall L. Schilling John J. Inkley, Jr. Southern Illinois President and CEO Builders Association Partner Quilogy Armstrong Teasdale LLP David E. Skiles Senior Vice President UMB Bank, n.a. pg. 31 UMB ADVISORY BOARDS

KC Metropolitan Region Lawrence, Kansas Mariner Kemper Chairman and CEO Charles A. Becker UMB Financial Corporation Johnson County, Kansas Retired Chairman and CEO Executive Vice President UMB Bank Colorado, n.a. Campbell-Becker Rick S. Bennett R. Crosby Kemper° Senior Vice President Chairman Emeritis UMB Bank, n.a. Bradley R. Johnson Community Bank President UMB Financial Corporation UMB Bank, n.a. James G. Butler, Jr. Jonathan Lambert Attorney President Wallace, Saunders, Austin, Steve Mona Pacific Mutual Door Company Brown and Enochs CEO Golf Course Superintendents Mark J. Henke Association of America Greg S. Maday Executive Director Rock Island Capital Catholic Charities James D. Rine Regional President - Community Banking James D. Rine Justin Hill UMB Bank, n.a. Regional President - Community Banking President UMB Bank, n.a. The Lawrence Paper Company Miles E. Schnaer President and Owner George W. Ryan Jr. R. Crosby Kemper° Crown Chevrolet and Toyota Investments Chairman Emeritis Ryck D. Sanders UMB Financial Corporation Metro President Thomas Patrick Klein Midwest Mechanical Services President Kevin S. Anderson James A. Sangster Andy Klein Pontiac-GMC President President Anderson Metals Corporation, Inc. Leo J. Nunnink UMB Bank, n.a. Community Bank President Dan E. Axtell Jr. Executive Vice President UMB Bank, n.a. President UMB Financial Corporation Lexington Plumbing and Richard H. Spencer Richard S. O’Neill Heating Company Chairman of the Board Retired Partner O’Neill Automotive, Inc. David F. Ball Spencer, Fane, Britt and Browne President and COO Richard S. O’Neill Jr. J. Hal Surface III Ball’s Price Chopper and J. H. S. Associates President Hen House Markets O’Neill Automotive, Inc. William S. Walker R. Philip Bixby James D. Rine President President and CEO The G. W. Van Keppel Company Regional President - Community Banking Kansas City Life Insurance Co. UMB Bank, n.a. J. Lyle Wells Jr. Peter J. deSilva James A. Sangster Consultant Chairman and CEO UMB Financial Corporation President UMB Bank, n.a. UMB Bank, n.a. President and COO Jeff Yowell Executive Vice President UMB Financial Corporation President UMB Financial Corporation DATACORE Marketing Joe E. Dittmer Dave Scheer Real Estate Investments President and CEO Inland Truck Parts William J. French Vice Chancellor Ronald D. Talcott University of Missouri-Kansas City Retired Jon J. Henderson Frank L. Thompson Community Bank President President UMB Bank, n.a. Overland Park Jeep, Inc. Alexander C. Kemper David E. Willson Chairman and CEO President Perfect Commerce, Inc. Camp David, Inc.

pg. 32 North Todd E. Bleakley James A. Sangster President President Howard E. Bradshaw Bleakley Investment Company UMB Bank, n.a. Investments Executive Vice President James M. Brosnahan UMB Financial Corporation Thomas Brown Community Bank President Vice President UMB Bank, n.a. Robert W. Spangler The Hays Group Attorney and Partner Donald L. Chapman Crouch, Spangler and Douglas Thomas E. Brusnahan Partner Community Bank President Lathrop and Gage Dennis L. Triplett UMB Bank, n.a. President Bryan R. Clark UMB Health Services John A. Dillingham Community Bank President - South Region UMB Bank, n.a. Chairman UMB Bank, n.a. Dillingham Enterprises Bruce L. VanCleave, M.D. Kevin F. Clune CEO Mrs. Frances A. Caldwell Ervin Chairman Carondelet Health Retired Clune Equipment Leasing, LLC Jewett Fulkerson Terry Crabtree Wyandotte County, Kansas Cattle Rancher Retired Robert Davidow Eugene D. Brown James Haug Investments - Retired President Teacher/Leader Cater Time Vending Benchmark Express Patrick J. Crilly Peter J. deSilva President R. Crosby Kemper° Commercial Claims Chairman Emeritis Chairman and CEO UMB Financial Corporation UMB Bank, n.a. Frank E. DeCoursey II President and COO Johnson County Mental Health Jay W. Kimball, M.D. UMB Financial Corporation Thomas DeCoursey Anthony L. Privitera II E. Frank Ellis Attorney at Law Contractor and Developer Chairman and CEO Mark One Electric Company, Inc. Swope Community Enterprises Dalton Hermes President Russell Redburn Edwin J. Holland Hermes Company President President Central Power Systems & Services Treat America Randall P. Kancel Community Bank President James D. Rine Mariner Kemper UMB Bank, n.a. Regional President - Community Banking Chairman and CEO UMB Bank, n.a. UMB Financial Corporation R. Crosby Kemper° Chairman and CEO Chairman Emeritis James F. Robb UMB Bank Colorado, n.a. UMB Financial Corporation The Robb Companies R. Crosby Kemper° James W. Lacy James A. Sangster Chairman Emeritis President President UMB Financial Corporation Electrical Corporation of America, Inc. UMB Bank, n.a. Executive Vice President C.F. Long Jr. Thomas Lefkovitz UMB Financial Corporation Owner Retired Peculiar Farm Supply Company George A. Moody Jr. South Robert D. Long Retired President Ray Adams The Bratton Corporation Dr. John P. Murry Retired Chairman David T. Raden Adams Automotive Group Murry and Associates President Don R. Armacost Jr. Tucker Midwest, Inc. James J. Owens Investments/Real Estate President and CEO C. Wayne Reid Peterson Manufacturing Company President James D. Rine Steve Asjes Reid Farms Regional President - Community Banking UMB Bank, n.a. President James D. Rine Rosehill Gardens, Inc. Regional President - Community Banking James A. Sangster Ivan Beeman UMB Bank, n.a. President UMB Bank, n.a. Managing Partner John E. Robertson Trout, Beeman and Co., P.C. Executive Vice President President UMB Financial Corporation RMF Steel Products Company Albert Silverman Thomas D. Sanders Investments - Retired Board Consultant/Strategic Planning MMC Corp. Richard L. Wiseman Co-Owner George F. Porter and Sons Funeral Home

pg. 33 UMB ADVISORY BOARDS

Kansas Region Manhattan, Kansas Topeka, Kansas

Craig L. Anderson Ronald D. Andersen Abilene, Kansas Chairman and CEO President and Owner UMB National Bank of America ANCO, Inc. Craig L. Anderson Chairman and CEO H. Alan Bell Craig L. Anderson UMB National Bank of America Investments Chairman and CEO UMB National Bank of America Stewart R. Etherington Philip Brokenicky Owner President and CEO John D. DeBacker Etherington and Co. Realtors Horizons, Inc. President DeBacker’s, Inc. Wendell D. Gugler Neal L. Farmer Retired Vice President Stanley DeFries Manhattan Banking Center Partner Alfred P. Jones Coffman, DeFries and Northern, P.A. Retired Terry D. Harts Community Bank President John R. Dietrick Dale Koop Manhattan Banking Center CEO and General Counsel President UMB National Bank of America Monarch Management Corporation Crop Service Center, Inc. Donald E. Ince Jerry Glasgow W. Patrick Robson Director of Public Relations President President Manhattan Wholesale Meats Performance Tire and Wheel Robson Oil Company Robert K. Larsen DeWitt Harkness Daryl D. Roney Retired President Community Bank President Wolfe’s Camera Abilene Banking Center Barry J. Sarvis UMB National Bank of America President and Owner Patrick W. Michaelis Barry’s Drug Store and Community Bank President Dunne’s Pharmacy Topeka Banking Center Hudson, Kansas UMB Bank, n.a. Russell, Kansas Craig L. Anderson Pamela Scott Executive Director Chairman and CEO Kansas Funeral Directors Association UMB National Bank of America Craig L. Anderson Chairman and CEO UMB National Bank of America Thomas A. Swank Leon L. Dunn Senior Vice President Livestock and Grain Producer D. Leonard Brown CFO/Treasurer Gregg K. Fischer Farmer and Rancher Security Benefit Group Community Bank President Hudson Banking Center Morris F. Krug UMB National Bank of America Secretary and Treasurer A.W. Krug and Sons, Inc. Reuel L. Foote Vice President Earl D. Merkel, M.D. Stafford County Flour Mill John F. Mills Marlyn E. Spare Retired Farmer John A. O’Leary President Thomas A. Stickney Russell Banking Center President UMB National Bank of America Stickney Distributing, Inc. Larry Schaffer Ronald D. Straub President President Chase Technology, L.C. Straub International Kenneth L. Stielow President Bar S Ranch, Inc. Howard M. Wehrman President MHW Enterprises, Inc. Anthony H. Witt Jr. Witt Farm Company

pg. 34 Wichita, Kansas Barbara Smith Oklahoma Region Retired Craig L. Anderson Chairman and CEO Larry C. Smith Oklahoma Regional Board UMB National Bank of America President Smith Motors, Inc. Gentner F. Drummond William J. Behring Phillip J. Smith Attorney At Law President Drummond, Raymond and Drummond Western Uniform and Towel Service, Inc. Executive Vice President UMB Bank, n.a. Robert J.Fisher Jr. William J. Hampel Ed A. Walsworth President President Oklahoma National Stock Yards Company Hampel Oil Distributors, Inc. President and CEO Walsworth Solutions G. N. Furseth William L. Oliver Jr. Robert W. Wilson Producers - Owner Martin, Pringle, Oliver, G.N. Furseth Oil and Gas Producers Wallace and Bauer Editor, Publisher and Partner The Milan Standard Michael J. Hall Howard Redburn CEO Central Power Systems & Services Northwest Matrix Service Company James A. Sangster Jack W. Clayton Royce M. Hammons President Chairman, President and CEO Vice President UMB Bank, n.a. Oklahoma Region Clayton Paper and Distribution, Inc. Executive Vice President UMB Bank, n.a. UMB Financial Corporation Brian Dickens President Jack S. Henley William Randall Summers CPA St. Joe Distributing, Inc. Senior Vice President Henley and Johnson, P.L.L.C. UMB Bank, n.a. James T. Graves James C. Kneale Secretary and General Counsel Dan J. Waller Executive Vice President and CFO Exel Transportation Services, Inc. Vice President ONEOK, Inc. Conco, Inc. J. Stephen Hamilton Ralph L. Mason Regional Bank President William G. Watson Investments UMB Bank, n.a. Executive Vice President Mason-Harrison-Jarrard Enterprises UMB Bank, n.a. Edward Lawrence Hausman Tom J. McDaniel President President Al J. Mueller Construction Company Oklahoma City University Northern Missouri Region Mrs. Geraldine C. Lawhon Douglas F. Page Retired Executive Vice President North Central Robert S. Meyers UMB Bank, n.a. Retired Executive Vice President R.E. (Mike) Baker UMB Financial Corporation Douglas F. Page President William F. Shdeed Pepsi Cola Bottling Company Executive Vice President UMB Bank, n.a. Attorney at Law S. Miles Dickson, DVM Executive Vice President Roger N. Simons UMB Financial Corporation Wayne A. Foster President and CEO Simons Petroleum, Inc. President Robert L. Thedinger Wayne Foster Farms, Inc. Chairman of the Board Custom Fermentation L.L.C. Robert V. Green Community Bank President UMB Bank, n.a. Atchison, Kansas Wayne M. Herington William J. Foley Partner Investments Poole Hardware Mary Carol Garrity R. Crosby Kemper° President and Owner Chairman Emeritis Nell Hill’s UMB Financial Corporation John H. Mize Jr. John M. Perry, DVM Chairman, President and CEO Hampton Feedlot, Inc. Blish-Mize Company David Proffitt Eric Niemann Senior Vice President Farmer UMB Bank, n.a. Kent R. Wohlgemuth Community Bank President UMB Bank, n.a.

pg. 35 UMB ADVISORY BOARDS

South Central Missouri Region Carthage, Missouri Les Scheurich President Edgar B. Freund, CLU, CHFC Midwest Tool, Inc. South Central Regional Board Agency Manager State Farm Insurance Company Gil Trout Chairman and CEO Annie Busch South Central Region Executive Director William E. Michel UMB Bank, n.a. Springfield Green County Library Retired E. Elliott Potter Ann Marie Baker Monett, Missouri Community Bank President President M-P Construction Company UMB Bank, n.a. Denny Bond William H. Darr Dale K. Rife Community Bank President Chairman and CEO Certified Public Accountant UMB Bank, n.a. Myers, Baker, Rife and Denham American Dehydrated Foods, Inc./ Michael D. Garrett International Dehydarated Foods, Inc. David G. Sanders Associate Circuit Judge Retired Harold Garrison Gerald A. McCaffrey President James K. Seitz President Advantage Marketing Company Community Bank President Grande Tire Company UMB Bank, n.a. Peter J. Genovese William H. Medlin Vice Chairman Gil Trout President UMB Financial Corporation Chairman and CEO V.B. Hall Wholesale Company CEO, St. Louis Region South Central Region UMB Bank, n.a. UMB Bank, n.a. Nolan R. Meier Dairy Farmer John T. Gentry Allan VanDenBerg President and CEO President Howard R. Randall Positronic Industries, Inc. Label Industries, Inc. President General Investments, Inc. Donald Golik dba National Tool Warehouse Chairman of the Board Michael A. Scabarozi Paul Mueller Company Ft. Scott, Kansas Plant Manager International Dehydrated Foods, Inc. Louis Griesemer Kenneth S. Anderson President Jerry G. Sebastian Springfield Underground, Inc. Community Bank President UMB Bank, n.a. Retired Rex W. Kay David R. Shepherd Gil Trout President Chairman and CEO Kay Concrete Materials Company President Shepherd Team Auto Plaza South Central Region UMB Bank, n.a. Alvin Rohrs President and CEO Donald L. Stewart Students in Free Enterprise President Warrensburg, Missouri Stewart Realty Company, Inc. Hal D. Roper President Gil Trout Roger Baldwin Baldwin Cattle and Grain Farms, Inc. Roper Pontiac GMC, Inc. Chairman and CEO South Central Region Jerry G. Sebastian UMB Bank, n.a. M. Scott Crist Community Bank President Retired Robert Tuchscherer UMB Bank, n.a. David A. Trottier Pharmacist/Rancher/Farmer President The Honorable Joe Dandurand 17th Judicial Circuit Court Judge Summer Fresh Supermarkets, Inc. Joplin, Missouri Gil Trout Jack R. Moore Retired Chairman and CEO Rick Brown South Central Region Vice President Donald W. Smarr UMB Bank, n.a. Roper Honda Farmer and Stockman E. Jack Webster, Jr. Robert W. Heiniger Jr. Jerry M. Swisher Chairman of the Board President Chairman of the Board Petrol Properties, Inc. CES, Inc. Swisher Mower and Machine, Inc. Mark A. Williams Jeffery H. Johnson Gil Trout CEO Community Bank President Chairman and CEO H.E. Williams, Inc. UMB Bank, n.a. South Central Region UMB Bank, n.a. Anthony R. Kassab President Deleta Parmley Williams Kassab’s, Inc. Former State Representative 121st District, Missouri Randy Roper Vice President Roper Pontiac GMC, Inc. pg. 36 CORPORATE INFORMATION

UMB Financial Corporation Stock Quotation Symbol To contact us, please call: 1010 Grand Boulevard NASDAQ National Market System – 816.860.7000 or 800.821.2171 Post Office Box 419226 UMBF Kansas City, Missouri 64141-6226 For financial information, contact: 816.860.7000 10-K Request Michael D. Hagedorn umb.com We will furnish, without charge, Chief Financial Officer a copy of our 2005 Report UMB Financial Corporation Transfer Agent to the SEC (Form 10-K) to any UMB Bank, n.a. shareholder upon written request. Begonya Klumb Securities Transfer Department Please specify Form 10-K Investor Relations Post Office Box 410064 when requesting. Kansas City, Missouri 64141-0064 For other inquiries, contact: 816.860.7786 The report and 10-K filing Marketing Communication at will also be available online at [email protected] umb.com/investor Vedros and Associates and Todd Rosenberg and Associates Todd Vedros

Notice of Annual Meeting: Tuesday, April 25, 2006 UMB Financial Corporation, 1010 Grand Boulevard, Kansas City, Missouri 64106

SAFE HARBOR STATEMENT

This document may contain forward-looking statements of expected future developments. We wish to ensure such statements are accompanied by meaningful cautionary statements pursuant to the safe harbor established by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may refer to projections of future financial performance and financial items, plans and objectives of future operations, and other matters. The forward-looking statements reflect management’s expectations and are based on currently available data; however, actual future results are subject to future events and uncertainties, which could materially affect actual performance and cause future results to differ materially from those referred to in the forward-looking statements. Such future events and uncertainties include, but are not limited to, changes in: loan demand, the ability of customers to repay loans, consumer saving habits, employee costs, pricing, interest rates, competition, legal or regulatory requirements or restrictions, U.S. or international economic or political conditions such as inflation or fluctuation in interest rates or in the values of securities traded in the equity markets. Any forward-looking statements should be read in conjunction with information about risks and uncertainties set forth in the company’s Securities and Exchange Commission reports, including its annual report and Form 10-K for the year ended December 31, 2005. Forward-looking statements speak only as of the date they are made, and the company does not intend to review or revise any particular forward-looking statement in light of events that occur thereafter or to reflect the occurrence of unanticipated events. Copyright 2006 UMB Financial Corporation Concept and Design: Genesis, Inc. Printing: Mainline Printing Photography: Nick Copyright 2006 UMB Financial ©

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