Public Finance
Committed to community. Connected to capital.
UMB Bank, n.a. Capital Markets Division is committed to helping communities and organizations fulfill their quality-of-life and growth aspirations.
Extensive distribution
Our extremely broad and diverse investor base includes over 3,500 institutional investors and over 700 financial institutions across the country. The ability to reach such a large pool of potential buyers helps to achieve a lower cost of capital and structural flexibility for our clients.
Strength and stability of capital
UMB Bank is strategically positioned to effectively support its clients in the market during the sale of their bonds. With a strong balance sheet and a Tier I risk-based liquidity level well in excess of the regulatory threshold, UMB Bank has the capacity to support the pricing of a bond issuance across the entire yield curve from the moment the pricing begins.
Breadth and depth of underwriting experience
UMB Bank clients gain direct access to a highly tenured team with substantial relevant experience providing service to a wide array of sectors and credits, issue sizes, regions and sale methods for tax-exempt and taxable financing solutions.

Schedule a consultation with one of our team members to analyze your financing opportunities

Service and Integrity
UMB Bank, n.a. Capital Markets Division delivers consistently outstanding service built on trust, communication, local engagement and responsiveness. We know from experience that the best outcomes are the result of business relationships that run deeper than the transaction. We combine the business values and relationship-based responsiveness of a regional investment bank with the capabilities, capital resources, reach and sophistication of a large national institution. UMB Bank is grounded in community. Our teams invest the time to get to know the people, participants and stakeholder communities involved in all public, higher education, healthcare, or municipal finance projects
We draw from a rare combination of extensive investor relationships, capital strength and stability, and a highly experienced team to connect our public and not-for-profit partners with innovative, tailored financing solutions covering a broad range of public, higher education, healthcare, or municipal capital projects.
FEATURES
Our tailored approach, paired with our specialized industry experience, allows us to build creative and flexible programs to suit unique public finance needs. We have specific experience in the following market sectors, and more:
AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY
Municipal Advisory
$209,810,000
Location: City of Aurora, Colorado and Adams County, Colorado
Type: Special revenue bonds, Series 2024
Role: UMBFSI acted as municipal advisor to ARTA, working with the issuer to create an overall plan of finance and craft a marketable bond structure that resulted in a cost of capital lower than most market comparisons and increased the amount of permissible debt to be issued so ARTA could complete the build out as planned.
CITY OF POCAHONTAS, IOWA
Municipal Financing
$940,000
Location: Pocahontas, Iowa
Type: Municipal Government
Role: Three separate banks desired the note at a stated interest rate. Through negotiations, UMB settled on a market clearing rate with one bank at a rate 25 basis points lower than initially proposed.
CITY OF WRIGHT CITY, MISSOURI
Municipal Financing
$6,360,000
Location: Wright City, Missouri
Type: Municipal Government
Role: UMB served as the City’s sole bond underwriter, assisting the City’s municipal advisor in structuring the financing and selling and pricing the bonds. As the sole manager, UMB provided aggressive pricing on the sale date that was better than initially proposed.
Schedule a consultation with one of our team members to analyze your public, higher education, healthcare, or municipal financing opportunities
Questions about Public Finance? UMB has answers.
For a municipality, bonds can provide access to a broad pool of investors and help to achieve a low borrowing cost for their capital projects. For an investor, these bonds can offer a source of tax-free fixed income.
The two most common types of municipal bonds are general obligation bonds issued by states, cities or counties, and revenue bonds which are backed by revenues from a specific project or source, such utility revenues or housing system revenues.
If you’d like to know more about your options for bond financing, contact the UMB Bank Public Finance team.
A municipal bond underwriter is a firm, or group of firms, that purchases bonds directly from a bond issuer and resells them to investors. Underwriters are intermediaries between issuers and investors.
UMB Bank offers municipal bond underwriting, with specialized industry experience. We work with bond issuers to provide unique and customized financing structures to suit their specific public finance needs.
Stay up to date on the latest public finance topics on the UMB Bank blog.
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Medicaid payment increases allow hospitals to re-evaluate capital projects and leverage capital markets
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Economic development financing tools for municipalities and current challenges
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Financing municipal water and wastewater projects
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Anatomy of a municipal bond issuance
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Municipalities: How multi-year financial planning differs from budgeting
No one wants to inadvertently steer a community off a proverbial financial cliff. Elected officials and the constituents they serve need confidence in the service delivery and want to know monetary decisions are not being made in a vacuum. Decision-makers...
*Municipal Advisory services offered through UMB Financial Services, Inc.
UMB Bank, n.a. Capital Markets Division is a separately identifiable division of UMB Bank, n.a. UMB Bank, n.a. is an affiliate within UMB Financial Corporation. UMB Financial Services, Inc., Member FINRA, SIPC, is a wholly owned subsidiary of UMB Financial Corporation, and an affiliate of UMB Bank, n.a.
Products and Services offered through UMB Bank, n.a. Capital Markets Division and UMB Financial Services, Inc. are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED