Rine replaces Hagedorn at UMB

Mike Hagedorn
Jim Rine

UMB veteran Jim Rine, who has more than two decades with the Kansas City, Mo., company, has replaced Mike Hagedorn as president and CEO of UMB Bank.

Current UMB head of commercial banking Jim Rine takes over the roles after Hagedorn left to pursue other opportunities at the beginning of October. He’d held the position for just under five years. Previously, Hagedorn was executive vice president and chief financial officer

Rine, who has spent 24 years at UMB, started with the company directly after graduating from Missouri State University, serving in roles of increased responsibility during his more than two decades with company. In his previous role, he oversaw commercial banking strategy and leadership across the UMB footprint, including specialty lending businesses and treasury management, which accounted for approximately 60 percent of the company’s net income.

Rine is extremely involved in the local community, serving on the board of the Downtown Council of Kansas City, Truman Library Institute, Kansas City Area Development Council, The Young Presidents Association and is also on the advisory board for Charlie’s House. In 2018, he served as the co-chair for the American Heart Association’s Heart Ball. He was previously honored as one of the Kansas City Business Journal’s NextGen Leaders and is a former recipient of Ingram’s Magazine’s “40 Under 40” distinction.

“I’m extremely excited to have Jim in this role,” said Mariner Kemper, chairman and
CEO of the $20.3 billion UMB Financial Corp. “Jim and I have worked side-by-side throughout most of our careers, and to be able to place him in this position from an expertise, experience, culture, and continuity perspective will enable a seamless transition….I appreciate and thank Mike for his contributions, but am also excited for what Jim will bring in this expanded leadership role.”