United Missouri Bank - 1792 Exchange

Rating Overview

United Missouri Bank is Medium Risk.

United Missouri Bank Financial Corp. (UMB) is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

UMB integrates ESG into its business practices. From its 2026 Proxy Statement: “Execution of UMB’s ESG strategy is overseen by UMB’s ESG Committee, which is not a Board committee. The ESG Committee is chaired by our Chief Administrative & Risk Officer and is comprised of senior executive officers of UMB or its subsidiaries. The ESG Committee supports the Governance Committee and the Board in establishing strategy, policies and practices, and public disclosures related to environmental, health and safety, corporate social responsibility, corporate governance and sustainability. The ESG Committee provides regular reports to the Governance Committee on ESG activities and risks” (1). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

UMB does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

UMB offers its employees courses on “unconscious bias,
microaggressions/affirmations” (1). The company appears to prioritize diversity over merit in its supply chain. From its Supplier Diversity webpage: “Through our Supplier Diversity Program, we recruit and introduce vendors to various areas of our company. The program encourages small and minority-owned businesses to provide competitive bids for the materials and services we need. The strategy is not simply about sourcing procurement opportunities. We also provide financial solutions and education to our diverse business partners to help them be more competitive in today’s global economy” (2). The company appears to prioritize diversity over merit in its leadership composition. From its 2026 Proxy Statement: “our Governance Guidelines require that the pool of candidates for Board service include directors with a broad range of perspectives and characteristics, including gender and racial diversity; provided that any such activities will comply with applicable law” (3). UMB operates a supplier diversity program, “UMB’s Supplier Diversity program is committed to building strong and sustainable relationships with viable diverse-owned businesses” (4). The company does not provide viewpoint protections for its employees (5)(6).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

UMB’s CEO Mariner Kemper signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (1)(2). The company supports ESG within its business practices. From its 2026 Proxy Statement: “We closely analyze how we do business through, among other things, the lens of environmental, social, and governance (“ESG”) considerations. We recognize that oversight of governance and other ESG matters helps to minimize risks to our shareholders, and just as importantly, it helps reinforce our core values of doing the right thing, supporting our associates and our communities, and providing the unparalleled customer experience” (3). UMB supports DEI within its business practices. From its Diversity and Inclusion webpage: “At UMB we don’t see diversity and inclusion as the right thing to do, we see it as a way to energize our culture and ignite innovation… Diversity brings unique ways of thinking and problem solving — approaching things from different perspectives always results in better solutions. Better solutions are what we strive for every day for our customers. Diversity and Inclusion differentiate UMB, and we are very proud of that” (4). Otherwise, there are no publicly known cases of the company using its reputation to advance ideological causes or policies (5).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

UMB has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

N/A

Rationale:

UMB does not operate a PAC or engage in lobbying at this time (1)(2)(3).