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COMMERCE BANCSHARES, INC. REPORTS RECORD EARNINGS FOR 2001
Commerce Bancshares, Inc. announced record earnings of $2.73 per share in 2001 compared to $2.63 per share in 2000, an increase of 4%. Total earnings for 2001 amounted to $182.0 million, generating a return on realized equity of 15.3% and a return on assets of 1.55%.
COMMERCE BANK ANNOUNCES
OFFICER PROMOTIONS AND ELECTIONS
(KANSAS CITY, MO December 21, 2001) - The Board of Directors
of Commerce Bank, Kansas City, announced the following officer promotion
and elections.
COMMERCE BANK OFFERS PRODUCTS
SPECIFICALLY MEETING THE NEEDS OF SMALL BUSINESS
(KANSAS CITY, MO, December 3, 2001) - Commerce Bank has created
a package of financial services designed with the small business owner
in mind. Commerce Business Tools is a comprehensive package of financial
services comprised of checking accounts, Commerce Bank VISA®
Business Check Cards, loans, lines of credit, online access to accounts
and other services, credit card processing, investment services including
qualified retirement plans, credit cards and more.
DEBBI RIESS-ROAM AND
KIM ROAM TO RECEIVE COMMUNITY SERVICE AWARD SPONSORED BY COMMERCE BANK
(KANSAS CITY, MO November 29, 2001) - Debbi Riess-Roam and
Kim Roam will be awarded the Blue Springs Community Award sponsored
by Commerce Bank at a luncheon held at noon, Friday, December 7 at the
Adams Pointe Conference Center. Adams Point Conference Center is located
off of I-70 and Adams Dairy Parkway.
COMMERCE BANK ADDS NEW
DRIVE-UP ATM
(MOBERLY, MO November 26, 2001) - Tim Brubaker, Community
President, Commerce Bank, Moberly, announces the opening of a new drive-up
automated teller machine (ATM) located at Moberly Center, 1320 Hwy.
24 East, across from Wal-Mart Supercenter. The ATM is the bank's second
in Moberly and offers 24-hour banking to customers and non-customers
through the Commerce Bank ATM, CIRRUS and STAR networks.
JOSEPH WILLIAMS III PROMOTED
TO SENIOR VICE PRESIDENT OF THE COMMERCE TRUST COMPANY
(KANSAS CITY, MO, November 21, 2001) - Commerce Bank, Kansas
City announced Mr. Joseph Williams III, CFA has been promoted to Senior
Vice President of the Commerce Trust Company. His responsibilities include
serving as Director of Equities, where he oversees the equity product
lines and managing the Commerce Growth Fund. Mr. Williams also assists
individual and institutional clients with investment needs as a Portfolio
Manager. Mr. Williams has been with Commerce Bank for more than 26 years.
He is currently a member of the Association for Investment Management
and Research. Mr. Williams earned his Bachelor of Science degree from
Drake University, Des Moines, Iowa.
COMMERCE BANK ANNOUNCED
OFFICER PROMOTIONS AND ELECTIONS
(KANSAS CITY, MO, November 14, 2001) - Commerce Bank, Kansas
City announced the following officer elections and promotions...
EL CENTRO RECEIVES $17,000
FOR JOHNSON COUNTY FACILITY
(Overland Park, KS November 12, 2001) - El Centro announced
the receipt of a $17,000 grant from the William T. Kemper Foundation,
Commerce Bank Trustee. The grant will support El Centro's emergency
relief effort, job training, childcare facility and food pantry for
the growing Hispanic population in Johnson County. On behalf of the
Kemper foundation, Sherry Jones and Tom Carignan will present the grant
on Thursday, November 15 at 11:30 a.m. at the Johnson County El Centro
location, second floor of Metcalf South Mall at 95th and Metcalf.
COMMERCE BANK ANNOUNCED
THAT JULIE FARRELL JOINED THE BANK AS VICE PRESIDENT
(KANSAS CITY, MO, November 9, 2001) - Commerce Bank, N.A.
Kansas City announced Ms. Julie Farrell joined Commerce Bank as Vice
President in the Treasury Services department. She is responsible for
Treasury Services sales focusing on business development in the Kansas
City Metropolitan area. She has more than 11 years of experience in
Treasury Management.
COMMERCE BANK LOWERS ITS
PRIME RATE TO 5.0%
(ST. LOUIS, MO, November 6, 2001) - Effective tomorrow, Commerce
Bank is lowering its prime interest rate from 5.50% to 5.0%.
COMMERCE BANK ENHANCES
SHOPPING PROMOTION FOR THE HOLIDAYS
Kansas City, Mo. (Nov. 1, 2001) - Just in time for the holiday
season, Commerce Bank is giving away money daily. During November and
December, the bank will give away an estimated $61,000 in daily drawings
to lucky customers who "Skip the PIN - Sign and Win!" In addition, a
grand-prize winner will receive $25,000 at a drawing in mid- January.
The promotion is an extension and enhancement of the current promotion
which has awarded $27,000 to 27 weekly winners since May 5, 2001.
JEANS FOR JOY CAMPAIGN
PROVIDES CHRISTMAS GIFTS FOR AREA YOUTH
(HAYS, KS October 31, 2001) - Blue jeans are the comfortable,
casual dress of choice, but soon they will mean Christmas gifts for
children in Ellis County.
NORMAN APPELMAN JOINS
COMMERCE BANK
(ST. LOUIS, MO, October 31, 2001) - Commerce Bank, N.A. St.
Louis announced that Mr. Norm Appelman has recently joined Commerce
Bank as First Vice President in the Treasury Services division. In his
new role with Commerce Bank, Mr. Appelman will accelerate the Treasury
Services Large Corporate prospect calling program in St. Louis. He will
also coordinate his experience and knowledge of the needs of the corporate
business world with that of the Treasury Services offered by the Bank.
JULIE SHANNON JOINS COMMERCE
BANK
(St. Louis, MO, October 30, 2001) - Commerce Bank is pleased
to announce the addition of Julie Shannon to the department of Retail
Administration. Sue Hutchins, executive vice-president, director of
retail administration made the announcement today.
COMMERCE BANK ANNOUNCED
OFFICER PROMOTIONS AND ELECTIONS
(KANSAS CITY, MO, October 30, 2001) - Commerce Bank, N.A.
Kansas City announced the following officer promotions...
ERIC M. LOWELL JOINS COMMERCE
BANK
(ST. JOSEPH, MO, October 30, 2001) - Commerce Bank announced
that Mr. Eric M. Lowell has joined Commerce Bank as a Regional Investment
Specialist in the Commerce Brokerage Service department. He is responsible
for providing custom-tailored investment strategies based on client
needs, goals and objectives. He is a member of the St. Joseph Chamber
of Commerce. Mr. Lowell earned his Bachelor of Science degree in Business
Administration from the University of Kansas, Lawrence, Kansas. Mr.
Lowell resides in St. Joseph with his wife Lori.
COMMERCE BANK ANNOUNCED
OFFICER PROMOTIONS AND ELECTIONS
(KANSAS CITY, MO, October 26, 2001) - Commerce Bank, N.A.
Kansas City announced the following officer promotions...
COMMERCE BANCSHARES,
INC. DECLARES STOCK AND QUARTERLY DIVIDENDS
(Kansas City, Missouri, October 26, 2001) Commerce Bancshares,
Inc. announced today that its Board of Directors approved a 5 percent
stock dividend. Certificates evidencing the dividend are to be distributed
on December 14, 2001 to shareholders of record at the close of business
on November 30, 2001. No fractional shares will be issued and shareholders
will receive cash for such fractional interests based on the market
value of the stock on the record date.
TUMLIN JOINS COMMERCE BANK
AS ASSISTANT VICE PRESIDENT, SMALL BUSINESS BANKING
(SPRINGFIELD, MO, October 23, 2001) - Robert A. Hammerschmidt,
Jr., President and CEO, Commerce Bank, Springfield Region, announces
that Scott Tumlin has joined Commerce as Assistant Vice President, Small
Business Banking Division. Tumlin is responsible for business development
and customer service related to the bank's newly expanded small business
product line which includes solutions for small buisness including QuickLoanÒ,
QuckLineÒ, business debit cards, internet banking and more.
COMMERCE BANCSHARES, INC.
REPORTS RECORD EARNINGS PER SHARE FOR THE FIRST NINE MONTHS OF 2001
Commerce Bancshares, Inc. announced record earnings of $2.12
per share for the first nine months of 2001, an increase of 4% compared
to $2.04 per share during the same period in 2000. Total earnings amounted
to $135.2 million in 2001, compared with $132.4 million in 2000. During
this period the return on average assets was 1.56%, the return on realized
equity was 15% and the efficiency ratio was 58%.
COMMERCE BANK LOWERS ITS
PRIME RATE TO 5.5%
(ST. LOUIS, MO, October 2, 2001) - Effective tomorrow, Commerce
Bank is lowering its prime interest rate from 6.0% to 5.50%.
COMMERCE BANK PROMOTES MAUPIN
TO ASSISTANT VICE PRESIDENT, COMMERCIAL LENDING
(SPRINGFIELD, MO, September 26, 2001) - John Maupin has been
promoted to Assistant Vice President of the Commercial Lending Division
of Commerce Bank, Springfield. Mr. Maupin has seven years of experience
with Commerce and is responsible for business development and customer
service related to the bank's commercial lending services.
LANSING RESIDENT WINS
COMMERCE BANK SWEEPSTAKES
(Leavenworth, KS September 20, 2001) - Jay Carter a Lansing
chiropractor, is a second prize winner for Commerce Bank's "Only
Way to Go" sweepstakes. He won a 3-day deluxe vacation to his choice
of St. Louis, Chicago, Branson, Lake of the Ozarks, Nashville, Memphis
or Lake Geneva. Jon Crippen, Branch Manager presented Mr. Carter with
the vacation package.
ALLIANCE AGAINST FAMILY
VIOLENCE RECEIVES $2,500
(Leavenworth, KS September 20, 2001)- Alliance Against Family
Violence announced the receipt of a $2,500 grant from the William T.
Kemper Foundation, Commerce Bank Trustee. The grant will support a new
computer system for Alliance Against Family Violence in Leavenworth.
On behalf of the Kemper Foundation, the check was presented by the Commerce
Bank staff to Kay Anderson, Director of the Alliance Against Family
Violence.
COMMERCE BANK PROMOTES PIERCE TO COMMERCIAL LOAN OFFICER
(SPRINGFIELD, MO, September 19, 2001) - Byron Pierce, II, has been promoted to Commercial Loan Officer in Commerce Bank's Commercial Lending Division, according to Robert A. Hammerschmidt, Jr., President and CEO, Commerce Bank, Springfield Region. In his position, he is responsible for business development and customer service related to the bank's commercial lending services.
KAREN LOVE JOINS COMMERCE
BANK AS MORTGAGE LOAN ORIGINATOR
(JOPLIN, MO, September 6, 2001) - Fred Osborn, President,
Commerce Bank, Joplin, announces that Karen Love has joined Commerce
Bank, as Mortgage Loan Originator. In her position, she is responsible
for business development and customer service related to the bank's
mortgage loan products for Joplin and surrounding areas.
KIRK APPOINTED ON COMMITTEE
FOR MISSOURI BANKERS ASSOCIATION
(SPRINGFIELD, MO, September 6, 2001) - Paul Kirk, Vice President
and Senior Portfolio Manager, The Commerce Trust Company, a division
of Commerce Bank, has been appointed to serve on the Trust Services
Committee of the Missouri Bankers Association (MBA). Committee members
work with the Trust Services Division of the Kansas Bankers Association
to plan an annual MOKAN Trust conference for bankers in Missouri and
Kansas. The Missouri Bankers Association is a statewide trade and professional
organization that represents the interests of 371 banks and savings
and loans in Missouri. Its members have more than 30,000 employees who
work in 1,785 locations throughout the state.
ELLIOTT-MILLER JOINS
COMMERCE BANK PRIVATE BANKING
(SPRINGFIELD, MO, September 6, 2001) - Robert A. Hammerschmidt,
Jr., President and CEO, Commerce Bank, Springfield Region, announces
that Sharon Elliott-Miller has joined the Company's Medical and Private
Banking Division. Her responsibilities are to provide timely, flexible
personal banking services tailored to the needs of busy professionals
and executives.
Normal Operations Continue
at Commerce Bank
(KANSAS CITY, MO, September 12, 2001) - Commerce Bank and
the U.S. banking system continue to function normally.
COMMERCE BANK LOWERS ITS
PRIME RATE TO 6½
(ST. LOUIS, MO, August 22, 2001) - Effective today, Commerce
Bank is lowering its prime interest rate from 6.75% to 6.50%.
COMMERCE BANK OFFERS PAYROLL
SERVICES TO SMALL BUSINESS OWNERS THROUGH ADP
(KANSAS CITY, MO, August 3, 2001) - Commerce Bank has announced
it will provide payroll services to its small business clients. Working
with an industry leader to offer payroll services is part of Commerce
Bank's mission to provide "one-stop shopping" for small business customers.
Payroll services will be offered through ADP and are a part of Commerce
Bank's Business Tools product offering, which provides an array of products
and services to help meet the needs of the small business owner.
COMMERCE BANCSHARES, INC.
DECLARES DIVIDEND
(Kansas City, July 27, 2001) - Commerce Bancshares, Inc.
announced today that its Board of Directors has approved a regular quarterly
dividend of $.16 per share on the Company's common stock payable September
28, 2001 to stockholders of record at the close of business on September
14, 2001.
DR. MARTHA GILLILAND
ELECTED TO COMMERCE BANK BOARD
(KANSAS CITY, MO, July 24, 2001) - The Board of Directors
of Commerce Bank, N.A., Kansas City, has announced the election of Dr.
Martha W. Gilliland as an advisory director of the bank.
COMMERCE BANCSHARES, INC.
REPORTS RECORD EARNINGS PER SHARE FOR THE FIRST SIX MONTHS OF 2001
(KANSAS CITY, MO, July 17, 2001) - Commerce Bancshares, Inc.
announced record earnings of $1.41 per share for the first six months
of 2001, an increase of 6% compared to $1.33 per share during the same
period in 2000. Total earnings amounted to $89.7 million in 2001, compared
with $86.9 million in 2000. During this period the return on average
assets was 1.58%, the return on realized equity was 16% and the efficiency
ratio was 58%.
COMMERCE VISA CHECK CARD CUSTOMERS
HAVE A NEW CHANCE TO WIN; POPULARITY OF 2000 PROMOTION PROMPTS BANK
TO SPONSOR NEW CONTEST
KANSAS CITY, Mo. (July 6, 2001) - It's not often that banks
give money away, but it's happening -- again -- at Commerce Bank. Commerce
is drawing the attention of both non-customers and customers in order
to promote awareness of the many benefits of using the Commerce Bank
VISA(R) Check Card. All are welcome to learn more about what Commerce
offers and enter the contest to win cash. The Bank's customers are automatically
entered in a $1,000 weekly drawing and a $25,000 grand-prize drawing
each time they use their Commerce VISA Check Card and sign for their
purchase rather than enter their Personal Identification Number (PIN).
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