Morning Minutes: UMB acquires Marquette Financial, Brown Shoe Company sells

Brown Shoe

Here are this morning’s top business headlines from across Missouri:

UMB acquires Marquette Financial Cos. for $182M

UMB Financial Corp. announced it signed an agreement to acquire Marquette Financial Cos. in an all-stock transaction worth about $182.5 million. Marquette Financial Cos. is a $1.3 billion-asset financial services company that owns Meridian Bank, which has branches in Arizona and Texas.

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Overland Park golf course redevelopment expected to create 20k jobs

A $2.7 billion plan to redevelop the Brookridge Golf & Fitness Club in Overland Park, Ks. could potentially create as many as 20,000 new jobs in the area when completed, according to the company behind the plan. That would equal 4,000 more jobs than created by Cerner’s in-progress Three Trails campus development.

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SLU Hospital service provider change will bring 100 layoffs

Saint Louis University Hospital’s change in environmental services providers from Aramark to Crothall Healthcare will cost 100 employees their jobs, according to a recent document filed by the hospital.

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SunEdison’s new Chilean contract will require a $700M investment

SunEdison Inc., the Maryland Heights-based solar manufacturer, has been awarded a contract with the National Energy Commission in Chile to supply 570 gigawatt hours of clean energy per year. SunEdison will have to invest more than $700 million in Chilean projects to meet that demand.

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Brown Shoe Company sells

Brown Shoe Co. sold its internet retailing company,, to Vancouver-based SHOEme, the company announced Monday. Terms of the sale weren’t disclosed.

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