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Minneapolis (August 3, 2015) – Go 96.3 Radio, a locally owned Minnesota modern music radio station and subsidiary of the Pohlad Companies, today announced that it has acquired BringMeTheNews, a web-based news delivery service focusing on local news. The acquisition significantly expands the Go 96.3 media platform, which currently consists of radio channel FM 96.3 and an accompanying music-centric website, to include a digital news outlet. The terms of the transaction were not disclosed.

“Go 96.3 and BringMeTheNews are a great fit for each other. Not only are they both leading content providers, but they focus their efforts on serving local Minnesota. That focus will only strengthen as we become one company in the days ahead,” said Joe Pohlad, executive vice president of Go96 Media. “The BringMeTheNews staff has experience and knowledge of today’s news landscape; we are excited to work with them to become the go-to source for local news, culture, entertainment and music.”

BringMeTheNews was developed in 2009 to be a premier curator and distributor of local and national news. The news organization, which currently receives nearly 1 million unique visitors a month to its website, will maintain its name and experienced news staff.

“Over the past six years at BringMeTheNews, we’ve created a highly effective news curator with an innovative approach to delivering local news,” said Rick Kupchella, the founder of BringMeTheNews. “The pairing with Go 96.3 is a perfect combination of two locally driven media organizations, and I’m excited to watch both platforms expand as they move forward as one company.”


In 1994, the Carl & Eloise Pohlad Family Foundation began its support of deserving nonprofit organizations throughout the Twin Cities. Nearly $120 million later, they’ve marked 20 years of giving. The Foundation has sought to be nimble and responsive through its mission to “improve the quality of life in the Minneapolis-St. Paul region by supporting organizations and leading initiatives that address important issues and needs.” Indeed, most nonprofits that receive support for their important work have accomplished great things for the people they serve over these first 20 years.

The 20 year report shares stories and background about the work the Foundation does, as well as accountability for the funds distributed. The report shares work that the Pohlad family and Foundation staff are eager to continue and build on in the future.

Download the Pohlad Family Foundation 20 year community report here.


Eva Stevens and Bill Katter promoted to co-president roles

MINNEAPOLIS (June 11, 2015) – United Properties’ President and CEO Frank Dutke has announced plans to retire in June 2016, which will end a 23-year-long tenure with the company.

As United Properties’ chief executive since 2008, Dutke, 63, has overseen the company’s investment and development activities throughout Minnesota, Colorado, Wisconsin, Illinois and Virginia. He has led the organization through its largest business expansion in the company’s nearly 100-year history, overseeing numerous acquisitions, dispositions, financings, partnerships and new development projects.

As part of the transition of leadership, two current United Properties executives will be promoted to co-president roles, effective July 1, 2015. Eva Stevens will assume the role of president-United Properties Investment and chief operating officer, and Bill Katter will assume the role of president-United Properties Development and chief investment officer. Stevens will oversee the stable investment portfolio and business operations, while Katter will secure new investment opportunities and lead development activities for the firm. Upon Dutke’s retirement, both will report to Bert Colianni, CEO, Marquette Companies, a holding company for various Pohlad operating companies.

“This is part of an orderly transition in leadership over the next year,” said Dutke, who will retain the title of CEO until his retirement. “Fortunately, I have two valued, long-term colleagues in Eva and Bill, each with strong expertise and a proven, successful track record in their respective businesses of investment and development.” United Properties’ investment portfolio consists of more than 50 office, medical, industrial, retail and senior living with services assets. The company’s active developments include more than three million square feet in Denver, Minneapolis and Chicago.


Company Release – 06/01/2015 07:15

Expands Presence in Key Texas and Arizona Markets; Adds Specialty Lending Businesses and Asset Management Firm

KANSAS CITY, Mo.–(BUSINESS WIRE)– UMB Financial Corporation (Nasdaq:UMBF), a $16.7 billion diversified financial holding company, headquartered in Kansas City, Mo., has completed the acquisition of Marquette Financial Companies (MFC), a $1.4 billion financial-services company owned by the Pohlad family, in an all-stock transaction. With this deal, UMB has acquired 13 branches in Arizona and Texas, two national specialty lending businesses focused on asset-based lending and factoring as well as an asset management firm.

“This is an incredible time at UMB as we embark on a new and exciting chapter in our company’s history,” said Mariner Kemper, chairman and CEO, UMB Financial Corporation. “This acquisition has an immediate impact on our presence in two key growth markets for UMB – Arizona and Texas. In addition, the acquisition of two specialty lending businesses and an asset management firm expands our offerings and builds upon our existing commercial banking services through a national footprint.”

As part of this acquisition, the Phoenix-based Meridian Bank, n.a. and the Ft. Worth-based Meridian Bank Texas were merged into UMB Bank, n.a. The merger adds eight branches in the Phoenix area, with total assets of $745 million, net loans of $530 million and deposits of $584 million, as of March 31, 2015; and five branches in Ft. Worth, Dallas and Denton, Texas, with total assets of $442 million, net loans of $321 million and deposits of $384 million, as of March 31, 2015.

UMB also acquired Dallas-based Marquette Business Credit, which provides asset-based loans for working capital, recapitalization, growth and mergers and acquisitions; Marquette Transportation Finance, which provides accounts-receivable financing and factoring primarily for transportation businesses, and its division, Marquette Commercial Finance; and Marquette Asset Management, which provides private asset management to individuals, families and institutions, based in Minneapolis, Minn.

“The realization of this acquisition benefits our customers by combining the strength of our two companies and expands our services and product sets,” James O. Pohlad, chairman, Marquette Financial Companies. “We are pleased to continue our enduring commitment to serving our customers and the communities where we do business.”

RBC Capital Markets, LLC served as exclusive financial adviser to UMB. Sullivan & Cromwell and Holland & Hart served as legal counsel to UMB. D.A. Davidson served as exclusive financial adviser to MFC. Briggs and Morgan served as legal counsel to MFC.

About UMB

UMB Financial Corporation (Nasdaq:UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors. For more information, visit umbfinancial.com, umb.com, blog.umb.com or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank and LinkedIn at linkedin.com/company/umb-bank.

Company Release – 05/14/2015 17:45

KANSAS CITY, Mo.–(BUSINESS WIRE)– UMB Financial Corporation (Nasdaq: UMBF) announced today that its applications to acquire and merge with Marquette Financial Companies and to merge Meridian Bank, n.a. and Meridian Bank Texas into UMB Bank, n.a. have been approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. The transactions are expected to close on May 31, 2015.

Upon closing, UMB will acquire Marquette Financial Companies’ portfolio of financial services businesses, including two banks with 13 branches in Arizona and Texas, two national commercial specialty-lending businesses focused on asset-based lending and factoring as well as an asset-management firm.

“We are pleased to receive the necessary approvals to complete this transaction and look forward to welcoming Marquette to the UMB family,” said Mariner Kemper, chairman and CEO of UMB Financial Corporation. “The most successful acquisitions result when complementary cultures and values are brought together. That’s why we are excited about the opportunities for success this merger creates for our company and our valued customers.”

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