Two Rochester charter schools to formally merge following yearslong legal dispute over expansion loan [Yahoo! Finance]
UMB Financial Corporation (UMBF)
Last umb financial corporation earnings: 4/28 05:00 pm
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Source: Yahoo! Finance
Both Rochester STEM Academy and Rochester Math and Science Academy operate out of the same building on 16th Street Southwest. In December, the schools filed for bankruptcy as a result of a loan that was associated with the facility. According to Rochester Math and Science Academy Board Chairman Ahmed Elmi, that bankruptcy filing is what allowed the schools to move forward undeterred after a dispute with their creditor, UMB Bank. "The bankruptcy saved the schools," Elmi said, explaining it forced both sides to come to the negotiating table. "There's a deal between the bondholder and the schools." In 2018, the schools had received a loan of $15 million for upgrades to the facility, including a 25,000-square-foot expansion. Even though both schools shared the building, they technically operated independently of one another. According to the Star Tribune, the schools failed to meet some of the financial benchmarks outlined in the terms of the agreement, which caused them to go in
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News
- Here's What Key Metrics Tell Us About UMB (UMBF) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- UMBF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of UMB Financial Corporation Is Fair to ShareholdersBusiness Wire
- UPDATE 1-Regional bank UMB Financial to buy smaller rival Heartland in $2 bln all-stock deal [Yahoo! Finance]Yahoo! Finance
- UMB Financial Corporation Announces Pricing of an Underwritten Offering of 2,800,000 Shares of Common Stock [Yahoo! Finance]Yahoo! Finance
- UMB Announces Agreement to Acquire Heartland Financial [Yahoo! Finance]Yahoo! Finance
UMBF
Earnings
- 4/29/24 - Beat
UMBF
Sec Filings
- 4/29/24 - Form 424B5
- 4/29/24 - Form 425
- 4/29/24 - Form 8-K
- UMBF's page on the SEC website