UMB wins Texas CLASS custody mandate

UMB Bank, a subsidiary of UMB Financial Corporation, has been selected as custodian for the Texas Cooperative Liquid Assets Securities System Trust (Texas CLASS), a local government investment pool established in 1996 that is available to all Texas municipalities, counties, school districts, authorities, and local government entities. Public Trust Advisors serves as the program administrator for Texas CLASS. As of Sept. 30, 2021, more than 25pct of UMB’s AuC are in the government space. Total AuC is >USD150bn.

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