By Christina Fuoco-Karasinski
Robert Faver is UMB Bank’s new CEO for the Arizona region. He succeeds Jim Patterson, who served as the market leader for 10 years and is retiring after more than 45 years in the banking industry to spend time with family.
Patterson and Faver have been colleagues since 2001, the last 10 years of which have been at UMB.
Patterson will assume the role of vice chairman of the Arizona region and serve on the UMB advisory board for the remainder of the year to ensure continuity for the bank’s clients, prospects and community. In his time as the market leader, Patterson was named one of the top three bankers in Arizona for 2020 and the Lifetime Achievement recipient of the Phoenix Business Journal’s 2019 Most Admired Leaders award.
“I will cherish the time I spent leading this region and am proud of the work we did while serving our Arizona customers and helping them with their banking needs,” Patterson says.
“And while I will miss the company, my colleagues and clients, I can’t think of anyone more qualified to fill my role than Robert. We have worked together for many years, and I am actually responsible for recruiting him to UMB 10 years ago. He is an ambitious and strong leader with a passion for banking, and I look forward to seeing the great work he will accomplish over the years.”
In his new role, Faver will be responsible for all banking, wealth management and retail operations for the region. He has served alongside Patterson for 10 years and has been in the banking industry for more than 25 years.
“I’m extremely excited about this new career opportunity and for having the privilege to walk in Jim’s footsteps. He has been a great partner, mentor and friend and has grown our business tremendously over the years—something will continue to strive to achieve in this role,” Faver said. “I believe the best is yet to come for UMB and am eager to continue this exponential growth while creating and maintaining relationships with our clients and customers.”
Faver is a third-generation Arizona native and lives in Phoenix with his wife and three children. He serves as a board member for Teach for America and the Phoenix Art Museum. He held previous board positions with Scottsdale Boys and Girls Club and Scottsdale 20/30 Club.