UMB Healthcare Services to Acquire Old National Bank’s HSA Business

UMB Bank, n.a. (via UMB Healthcare Services) has entered into a definitive agreement to acquire Old National Bank’s health savings account (HSA) business. The deal involves transferring approximately $500 million in client assets (about $400 million in deposit accounts) and will expand UMB’s direct-to-employer HSA coverage with an estimated 157,000 accounts across more than 3,000 employer groups.