UMB Financial : Q&A With Peter Blumeyer on Growth and Giving Back in St. Louis
Despite a global pandemic, UMB Bank in St. Louis has seen tremendous growth while contributing to local nonprofits. We spoke to St. Louis Regional President Peter Blumeyer to learn how UMB is positively impacting the local economy and to see how the impressive growth and momentum will continue into the New Year and beyond can.
What factors contributed to the St. Louis area’s growth and success in 2020?
First and foremost, our people are the reason we had so much success last year and why we hit our $ 2 billion milestone this year. Our sales reps were at the forefront, challenging our current customers and prospects to make sure we maintain relationships even when we couldn’t be there in person and to help our customers get through a difficult year. In addition, our operations teams have worked tirelessly to ensure that loan closings and processes ran smoothly for our clients. We have a wonderful team in St. Louis and without them this success would not be possible.
We have also seen tremendous growth in many of our industries, including retail, industrial, real estate, private asset management, and agribusiness. We’ve been able to build on the momentum we’ve created over the past 10 years and have positioned ourselves as the leading solution provider for midsize and private businesses in St. Louis. Our dedicated sales efforts and our strong foundation as a bank continue to resonate with our customers and the trust they place in their business.
How does UMB affect the local economy in St. Louis?
We have two effects on the local economy in St. Louis. First, we provide working capital to help companies buy new buildings and hire new staff, which is sure to boost the economy. We also support the economy through charitable fundraising campaigns. UMB St. Louis recently donated $ 10,000 to the St. Louis Community Foundation ‡, an organization that works with local restaurants and caterers to provide meals to nonprofits in need. To date, 42 restaurants and caterers have been awarded $ 295,000, resulting in 14,750 meals being delivered to nonprofits in the St. Louis area. We believe in supporting the community in which we work and live, especially when so many of these industries are affected by the pandemic.
What are you most looking forward to for the bank in the coming year?
Like many, I am very much looking forward to returning to a sense of normalcy. I look forward to coming back to the office, traveling and interacting personally with our customers and employees. I am also excited about the great pipeline we have across different businesses, continuing the momentum from last year through 2021 and beyond.
Are there new employees or businesses in St. Louis?
We recently hired Chris Steuterman as Senior Vice President and Director of Beverage. He will be responsible for developing and overseeing food and beverage customers across the bank. This is a new area for us and we are excited about the opportunity to grow our business in St. Louis and beyond.
Are there any important wins or deals you want to highlight?
We closed two important deals this year that our team is very proud of. One of them is a $ 45 million line of credit for a sales company where we provide all treasury and private wealth management and a $ 25 million real estate development line of credit for a car wash. We look forward to seeing both companies successful in our region.
How did you stay engaged in the community during the pandemic?
We are committed to continuing to contribute to charities and nonprofits in the area during the pandemic, as we have realized that the need is greater than ever. We have done this by sponsoring and attending various virtual events, including the American Cancer Society’s Champions of Hope Gala ‡ where we donated $ 15,000. We also donated $ 10,000 to the Magic House ‡ at the St. Louis Children’s Museum to provide hands-on learning experiences that spark their imagination and curiosity.
One charity that I hold dear to my heart is Brace for Impact ‡, a program that buys and renovates homes in low-income areas and sets rental rates based on income to make sure no one is living beyond their means. In 2020, we contributed over $ 10,000 to finance and renovate these homes. Despite the pandemic, we are making sure that our commitment to our community never ends. It is our responsibility to stand up for the community in every possible way and be good stewards.
Any advice if we keep dealing with the aftermath of the pandemic?
While it is light at the end of the tunnel, we are not out of the forest yet. It’s important to remember that the pandemic has affected many people in different ways. That is why we have to be empathetic and take care of everyone. We are there for our customers, customers, and employees in St. Louis and believe in the strength of our community to accomplish this together.
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UMB Financial Corporation posted this content on April 08, 2021 and is solely responsible for the information contained therein. Distributed by the public, unedited and unchanged, on April 08, 2021 8:41:08 PM UTC.