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COMMERCE BANCSHARES, INC. REPORTS EARNINGS PER SHARE GROWTH OF 11% for 2002
Commerce Bancshares, Inc. announced record earnings of $2.89 per share in 2002 compared to $2.60 per share in 2001, an increase of 11%. Total earnings for 2002 amounted to $199.5 million, an increase of 10% compared to $182.0 million earned in 2001. For the year, the return on assets was 1.61%, while the return on realized equity totaled 16%. The efficiency ratio was 57.9%.
COMMERCE BANCSHARES, INC. SIGNS DEFINITIVE AGREEMENT TO PURCHASE THE VAUGHN GROUP, INC.
December 23, 2002 - Commerce Bancshares, Inc. announced that it signed a definitive agreement to purchase The Vaughn Group, Inc., a direct lessor of equipment based in Cincinnati, Ohio.
WHITE JOINS COMMERCE BANK AS SENIOR VICE PRESIDENT, COMMERCIAL LENDER
JOPLIN, MO - December 11, 2002 - Fred Osborn, chairman, Commerce Bank, MO-KAN Region, today announced that Michael R. White, has joined Commerce Bank in Joplin as Senior Vice President and Commercial Lender.
COMMERCE BANK ANNOUNCES NEW RESIDENTIAL REAL ESTATE LENDING OFFICERS
SPRINGFIELD, MO, November 15, 2002 - John Himmel, chairman, Commerce Bank, Springfield Region, today announced that Tony DiTrolio and Suzanne Michael have joined Commerce Bank as Assistant Vice Presidents in the bank's Residential Real Estate Lending division.
ENHANCED ONLINE BANKING SERVICE NOW AVAILABLE TO COMMERCE BANK CUSTOMERS
ST. LOUIS - November 13, 2002 - Commerce Bank today announced that it has successfully upgraded its Online Banking platform, which is powered by Corillian Corporation (NASDAQ: CORI).
COMMERCE BANK TO GIVE AWAY $1,000 A DAY
KANSAS CITY, MO - November 8, 2002 - Commerce Bank today announced that it will be giving away $1,000 a day in November and December as part of its "Skip the PIN, Sign and Win" sweepstakes that awards cash prizes to randomly selected sweepstakes entrants. A final grand prize of $25,000 will be awarded at the end of the year.
COMMERCE BANK LOWERS PRIME RATE TO 4.25 PERCENT
KANSAS CITY, MO - November 7, 2002 - Commerce Bank announced today that its bank prime lending rate will be lowered from 4.75 percent to 4.25 percent effective today, Thursday, November 7, 2002.
COMMERCE BANK, BARRY COUNTY, APPOINTS CUPPS AND WATLEY TO ADVISORY BOARD
CASSVILLE, MO - October 28, 2002 - Jon Horner, community president, Commerce Bank, Barry County, announces the following appointments to the bank's Advisory Board of Directors:
COMMERCE BANCSHARES, INC. DECLARES STOCK AND QUARTERLY DIVIDENDS
St. Louis - October 25, 2002 - Commerce Bancshares, Inc. announced today that its Board of Directors approved a five percent stock dividend.
THOMAS CARIGNAN ELECTED RETAIL BANKING OFFICER, COMMERCE BANK
Kansas City, MO - October 18, 2002 - Commerce Bank announced the election of Thomas Carignan as Officer, Retail Banking Administration. Carignan is responsible for the coordination of the Bank's Hispanic Banking initiative and relationship development with the Hispanic community.
PERRY JOINS COMMERCE BANK AS ASSISTANT VICE PRESIDENT & COMMERCIAL LENDER
CASSVILLE, MO - October 17, 2002 - Jon L. Horner, community president of Commerce Bank, Barry County, today announced that Roger Perry of Monett has joined the bank as Assistant Vice President and Commercial Lender.
COMMERCE BANK GROUNDBREAKING CEREMONY MARKS CONSTRUCTION OF NEW MAIN BANK
MEXICO, MO - October 15, 2002 - Commerce Bank executives and board members, Mexico Chamber of Commerce officials, city and civic leaders held a ground breaking ceremony this morning to mark the construction of the new Commerce Bank Mexico Main Banking Center to be located at 2946 South Clark.
COMMERCE BANCSHARES, INC. REPORTS THIRD QUARTER EARNINGS PER SHARE GROWTH OF 15%
Commerce Bancshares, Inc. announced record earnings of $.78 per share for the three months ended September 30, 2002, an increase of 15% compared to $.68 per share in 2001. Net income for the third quarter amounted to $51.0 million compared with $45.5 million in the same period last year. For the quarter, the return on average assets was 1.62%, the return on realized equity was 15.6% and the efficiency ratio was 56.7%.
COMMERCE BANK REOPENS HISTORIC COMMERCE TRUST BUILDING IN DOWNTOWN KANSAS CITY
KANSAS CITY, MO - October 9, 2002 - After more than two years of extensive renovation and remodeling, the historic Commerce Trust Building is once again open to serve Commerce Bank customers and employees in downtown Kansas City.
HINTON PROMOTED TO VICE PRESIDENT, BUSINESS DEVELOPMENT
OFFICER
SPRINGFIELD, MO - October 7, 2002 - Robin E. Robeson, senior vice president and market executive, The Commerce
Trust Company, recently announced that Kristi Hinton has been promoted to Vice President and Business Development Officer.
GEESON JOINS COMMERCE BANK, MEXICO AS COMMERCIAL LOAN
OFFICER
MEXICO, MO - October 4, 2002 - Ron Hopkins, community president of Commerce Bank, Mexico, today announced that
Todd Geeson has joined Commerce Bank as Commercial Loan Officer.
STEVE SCHRAM ELECTED TO COMMERCE BANK BOARD
ST. JOSEPH, MO - October 1, 2002 - The Board of Directors of Commerce Bank, N.A., St. Joseph, has announced the election of Steve Schram as a director of the bank.
BURRI JOINS COMMERCE BANK AS EXECUTIVE VICE PRESIDENT, COMMERCIAL LOAN MANAGER
COLUMBIA, MO - September 19, 2002 - Teresa Rouse Maledy, president of Commerce Bank, Central Missouri Region, today announced that Charles "Brett" Burri, Columbia banker and 22-year financial services industry executive, has joined Commerce Bank as Executive Vice President and Commercial Loan Manager.
WHORTON JOINS COMMERCE AS VICE PRESIDENT & TRUST OFFICER
SPRINGFIELD, MO - September 18, 2002 - Robin E. Robeson, senior vice president and market executive, The Commerce Trust Company, today announced that Diane Whorton has joined Commerce as Vice President, Trust Officer, and Administrative Team Leader.
RIBBON CUTTING CEREMONY MARKS OFFICIAL OPENING OF COMMERCE BANK DRIVE-UP ATM
NIXA, MO - September 18, 2002 - Officials from Commerce Bank and the Nixa Chamber of Commerce will hold a ribbon cutting ceremony at noon today, marking the opening of Commerce Bank's new Nixa drive-up automated teller machine (ATM) located at the northwest corner of Highway 160 & 14. The ATM, located in the parking lot of Kentucky Fried Chicken, began operation on September 12th and offers 24-hour banking convenience to Commerce Bank customers and non-customers through the STARsm and Cirrus® networks. This new ATM is Commerce Bank's 30th in the Greater Springfield area.
ROBERT D. SCHMITT ELECTED TO COMMERCE BANK'S ADVISORY BOARD
Leavenworth, KS - September 16, 2002 - Commerce Bank announced the election of Robert D. Schmitt, III, to the Leavenworth Advisory Board of Directors. Mr. Schmitt is the owner and operator of Mr. Goodcents Subs and Pastas.
LETSCH JOINS COMMERCE AS VICE PRESIDENT AND PRIVATE BANKING MANAGER
SPRINGFIELD, MO - September 13, 2002 - Robin E. Robeson, senior vice president and market executive, The Commerce Trust Company, today announced that Andrea Letsch has joined Commerce as Vice President and Private Banking Manager. Letsch has 12 years of experience in business and, prior to joining Commerce, was a Private Banker for a national bank's trust division in Springfield.
COMMERCE BANK ANNOUNCES PROMOTIONS
COLUMBIA, MO, August 29, 2002 - Teresa Rouse Maledy, president and market manager of Commerce Bank, Central Missouri Region, today announced the following staff promotions:
DAVID A. CROSS RECEIVES COMMUNITY SERVICE AWARD SPONSORED BY COMMERCE BANK
Kansas City, MO --August 28, 2002 -- David A. Cross was awarded the Lee's Summit Community Award sponsored by Commerce Bank at a luncheon held at noon, Wednesday, August 28 at Garozzo's Banquet Room. As recognition for his community service, an $8,000 grant in David's name was given to Hope House.
BRIAN T. HABJAN ELECTED VICE PRESIDENT, COMMERCE BANK
LEAVENWORTH, KS - August 21, 2002 -- Commerce Bank announced the election of Brian T. Habjan as Vice President of Commercial Banking. As Vice President, Habjan is responsible for commercial lending and providing financial solutions for Leavenworth area businesses.
ENDICOTT JOINS COMMERCE BANK BOARD OF DIRECTORS
PITTSBURG, KS - August 13, 2002 - Wendell L. Wilkinson, president of Commerce Bank, Pittsburg, announces the addition of Adam C. Endicott to the bank's local advisory board of directors. Endicott is founder, owner and president of Unique Metal Fabrication, Inc., a manufacturer of full service structural and miscellaneous steel fabrication for commercial structures. The Company operates a 100,000 square foot state-of-the-art facility and employs 35 people.
DEE JOYNER TO ASSUME COMMUNITY RELATIONS RESPONSIBILITY FOR COMMERCE BANK
ST. LOUIS - August 12, 2002 - Commerce Bank today announced that Dee Joyner, senior vice president for organizational development, will add community relations and charitable giving to her duties. Joyner will oversee the Commerce Bank markets of St. Louis, eastern Missouri and Illinois.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS
COLUMBIA, MO - July 29, 2002 - Teresa Rouse Maledy, president and market manager of Commerce Bank, Central Missouri Region, today announced the following officer promotions:
COMMERCE BANCSHARES, INC. DECLARES DIVIDEND
KANSAS CITY, MO - July 26, 2002 - Commerce Bancshares, Inc. announced that its Board of Directors has approved a regular quarterly dividend of $.1625 per share on the Company's common stock payable September 27, 2002, to stockholders of record at the close of business on September 13, 2002.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS
SPRINGFIELD, MO - July 22, 2002 - John Himmel, chairman of Commerce Bank, Springfield Region, announces the following officer promotions:
CHAIRMAN OF COMMERCE BANK, BARRY COUNTY, ANNOUNCES RETIREMENT
CASSVILLE, MO - July 19, 2002- Commerce Bank, Barry County, Chairman, William A. (Bill) Easley will retire from Commerce Bank effective August 30, 2002. A dedicated business and civic leader and 2001 recipient of the Cassville Area Chamber of Commerce Lifetime Achievement Award, Easley's contributions to the bank, its customers, its employees and the community have been far reaching in his 33 years of service at Commerce.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
KANSAS CITY, MO - July 19, 2002 - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections The Commerce Trust Company, a division of Commerce Bank.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
KANSAS CITY, MO - July 11, 2002 - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections for the Commerce Mortgage Corporation, a division of Commerce Bancshares.
COMMERCE BANCSHARES, INC. REPORTS SECOND QUARTER EARNINGS PER SHARE GROWTH OF 10%
Commerce Bancshares, Inc. announced record earnings of $.75 per share for the three months ended June 30, 2002, an increase of 10.3% compared to $.68 per share in 2001. Net income for the second quarter amounted to $50.1 million compared with $45.8 million in the same period last year. For the quarter, the return on realized equity was 15.6% and the return on assets was 1.65%. The efficiency ratio for the quarter decreased to 57.7%.
COMMERCE BANK PROMOTES LOWER, MORGRET, SHAW TO SENIOR VICE PRESIDENT
COLUMBIA, MO, July 8, 2002 - Teresa Rouse Maledy, president and market manager of Commerce Bank, Mid-Missouri Region, today announced the following officer promotions.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
KANSAS CITY, MO - July 5, 2002 - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
VERI JOINS COMMERCE BANK AS EXECUTIVE VICE PRESIDENT, COMMERCIAL LOAN MANAGER
JOPLIN, MO - July 2, 2002 - Fred Osborn, community president of Commerce Bank, Joplin, today announced that Clive C. Veri, Jr., Joplin banker, civic leader and 16-year-industry executive, has joined Commerce Bank as Executive Vice President and Commercial Loan Manager. In his position, Veri will have responsibility for overseeing business development and customer service related to Commerce's commercial lending and business banking services.
ROBESON NAMED SENIOR VICE PRESIDENT AND MARKET EXECUTIVE OF THE COMMERCE TRUST COMPANY
SPRINGFIELD, MO - July 2, 2002 - John Himmel, chairman, Commerce Bank, Springfield Region, today announced the promotion of Robin E. Robeson to Senior Vice President and Market Executive, The Commerce Trust Company. Robeson has 16 years of experience in the financial services and trust industries and, prior to her promotion, served as Vice President and Manager of the Bank's Private Banking division.
SLOAN JOINS COMMERCE BANK BOARD OF DIRECTORS
PITTSBURG, KS - June 26, 2002 - Wendell Wilkinson, president of Commerce Bank, Pittsburg, announces the addition of Steve Sloan to the bank's local advisory board of directors. Sloan is president of Midwest Minerals, Inc., and a University of Kansas graduate. Midwest Minerals provides crushed stone products, agricultural limestone and ready mixed concrete products to customers in Southeast Kansas, Northeast Oklahoma and Southwest Missouri.
ELLIOTT JOINS COMMERCE AS VICE PRESIDENT
(PITTSBURG, KS, June 5, 2002) - Wendell Wilkinson, community president, Commerce Bank, Pittsburg, announces that Jeffrey G. Elliott has joined the bank as vice president and commercial loan officer. Elliott has more than 16 years of experience in business and banking. He served ten years as vice president and commercial loan officer for a national bank holding company with offices in Pittsburg, and prior to joining Commerce, was a partner and agent with Dulaney, Johnston and Priest Insurance.
BOLIVAR NATIVE JOINS COMMERCE AS COMMERCIAL LOAN OFFICER
(BOLIVAR, MO - June 4, 2002) - Bob Moreland, community president, Commerce Bank, Bolivar, announces that Steve Henderson has joined Commerce Bank as commercial loan officer. In his position, Henderson is responsible for business development and customer service related to the bank's commercial lending and business banking services in Polk County.
COMMERCE BANK NAMES COLUMBIA NATIVE PRESIDENT AND MARKET MANAGER OF MIDSTATE REGION
COLUMBIA, MO - May 29, 2002 - David Kemper, CEO and chairman, Commerce Bancshares, Inc. today announced that Teresa Rouse Maledy, Columbia native and 20-year industry veteran has been named President and Market Manager of the Midstate Region for Commerce Bank. Maledy's professional achievements and strong civic involvement were cited as some of the reasons for her promotion. She will have overall responsibility for the market, which includes banks in Boone, Audrain, Moniteau and Randolph counties.
ICB AWARDS BURK NATIONAL CERTIFICATION DESIGNATION
(SPRINGFIELD, MO May 22, 2002) -- Kay Burk, vice president and trust officer, The Commerce Trust Company, was recently awarded the Certified Trust & Financial Advisor (CTFA) designation from the Institute of Certified Bankers (ICB), a nonprofit organization sponsored by the American Bankers Association.
COMMERCE BANK PROMOTES JATHO TO MANAGER OF SMS CAMPUS BANKING CENTER
(SPRINGFIELD, MO May 21, 2002) -- John Himmel, chairman and market manager of Commerce Bank, Springfield Region, announces that Debbie Jatho has been promoted to financial services manager of the company's SMS Banking Center located in the Plaster Student Union on the campus of Southwest Missouri State University. In her position, Jatho is responsible for managing retail sales and customer service at the SMS location, which offers a full line of banking products to students, faculty and visitors on-campus.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
KANSAS CITY, MO - May 20, 2002 - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
KANSAS CITY, MO - May 17, 2002 - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
COMMERCE BANK PROMOTES MITCHELL TO VICE PRESIDENT
(CASSVILLE, MO April 25, 2002) - Jon Horner, President, Commerce Bank, Barry County, announces the promotion of Debra Mitchell to Vice President. A Cassville native, Mitchell joined Commerce in 1974 and has served in a variety of capacities for the bank throughout her career with Commerce. In her current position as Branch Manager of the three Barry County Commerce locations, she is responsible for sales and customer service related to the bank's personal deposit and consumer loan products.
COMMERCE BANCSHARES, INC. DECLARES DIVIDEND
(St. Louis, April 17, 2002) - Commerce Bancshares, Inc. announced that its Board of Directors has approved a regular quarterly dividend of $.1625 per share on the Company's common stock payable June 27, 2002, to stockholders of record at the close of business on June 7, 2002.
COMMERCE BANCSHARES, INC. REPORTS RECORD EARNINGS FOR FIRST THREE MONTHS OF 2002
Commerce Bancshares, Inc. announced record earnings of $.71 per share for the three months ended March 31, 2002, an increase of 8% compared to $.66 per share in the first quarter of 2001. Total earnings for the first quarter amounted to $46.9 million compared with $43.9 million in the same period last year. The return on average assets for the three months ended March 31, 2002, was 1.55%, the return on realized equity was 15.2%, and the efficiency ratio was 59.7%.
COMMERCE BANK PROMOTES LYNCH TO BRANCH MANAGER, BOLIVAR BANKING CENTERS
(SPRINGFIELD, MO, April 9, 2002) - Bob Moreland, Community President, Commerce Bank, Bolivar, announces the promotion of Sherry Lynch to Retail Banking Officer and Branch Manager of its Bolivar Banking Centers. In her position, she is responsible for managing branch sales and customer service related to the bank's personal deposit and consumer loan products.
COMMERCE BANK LAUNCHES SKIP THE PIN, SIGN AND WIN SWEEPSTAKES FOR THIRD CONSECUTIVE YEAR
(Kansas City, MO, April 9, 2002) - Commerce Bank launches its "Skip the PIN, Sign and Win" sweepstakes that awards cash prizes to randomly selected sweepstakes entrants. Commerce Bank Visa® Check Card, ATM Plus Card, Platinum Check Card, CommerceOptionsSM Check Card and Business Check Card holders are automatically entered into the contest each time they use their Commerce Check Card and sign for their purchase rather than enter their Personal Identification Number (PIN). The more times a cardholder makes a signature-based transaction, then the more chances the customer will have to win.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
(Kansas City, MO April 5, 2002) - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
COMMERCE BANK PROMOTES SOWERS TO VICE PRESIDENT, COMMERCIAL LENDING
(COLUMBIA, MO, April 4, 2002) - Stephen E. Erdel, President, Commerce Bank, Mid-Missouri Region, announces that Steve Sowers, II, has been promoted to Vice President, Commercial Lending Division. Sowers, a former golf professional, joined Commerce Bank in 1997. He will continue to focus on business development and customer service related to the bank's commercial lending and banking services.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
(Kansas City, MO April 3, 2002) - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
COMMERCE BANCSHARES, INC. ANNOUNCES OFFICER PROMOTION
(Kansas City, MO April 1, 2002) - The Board of Directors of Commerce Bancshares, Inc. announced the following officer promotion.
JUANITA HINSHAW APPOINTED TO COMMERCE BANK, ST. LOUIS BOARD OF DIRECTORS
(St. Louis, MO., March 28, 2002) - Commerce Bank, N.A., St. Louis, is pleased to announce the appointment of Juanita Hinshaw to its Board of Directors.
DR. JORGENSON JOINS COMMERCE BANK REGIONAL ADVISORY BOARD OF DIRECTORS
(MOBERLY, MO, March 27, 2002) - Steve Erdel, President, Commerce Bank, Midstate Region, and Tim Brubaker, Community President, Commerce Bank, Moberly, announce the addition of Evelyn Jorgenson, PhD, to the bank's Midstate regional advisory board of directors. Dr. Jorgenson, a resident of Moberly, is President of Moberly Area Community College (MACC), where her responsibilities include overseeing the effective management, development and growth of the college that serves approximately 3,200 college-credit students, 400 adult basic education students, 1,000 continuing education and business and industry students, and 175 employees. Fund raising, strategic planning, public relations, personnel management, instruction and accreditation are among additional initiatives she is responsible for in her role as President of the College.
OLLIS JOINS COMMERCE BANK, SPRINGFIELD BOARD OF DIRECTORS
(SPRINGFIELD, MO, March 22, 2002) - John Himmel, Chairman, Commerce Bank, Springfield Region, announces the addition of Richard Ollis to the bank's regional advisory board of directors. Ollis, President and Chief Executive Officer of Ollis Insurance, is a Springfield native, Southwest Missouri State University graduate and fourth generation insurance consultant specializing in business insurance.
COMMERCE BANK ANNOUNCES ACCESS TO FREE ONLINE TAX PREPARATION AND ELECTRONIC FILING FOR ELIGIBLE TAXPAYERS
(St. Louis, February 20, 2002) - Commerce Bank, N.A., which is offering access to online tax preparation and electronic filing services for the 2001 tax year, today announced that it is continuing its participation in the Quicken® Tax Freedom Project, a public service initiative that makes online tax preparation and electronic filing available at no charge to taxpayers with an annual adjusted gross income of $25,000 or less. This free program applies to both state and federal individual income tax returns.
COMMERCE BANK ANNOUNCES OFFICER PROMOTIONS AND ELECTIONS
(Kansas City, MO February 12, 2002) - The Board of Directors of Commerce Bank, Kansas City, announced the following officer promotions and elections.
LARGEST INDUSTRIAL MOTOR MANUFACTURER IN THE U.S. CHOOSES COMMERCE BANK FOR LOCKBOX SERVICES
(KANSAS CITY, MO, February 6, 2002) - Baldor Electric Company, the leading manufacturer of electric motors in North America, based in Fort Smith, Arkansas has chosen Commerce Bank to provide state-of-the-art lockbox remittance processing and payment imaging services.
COMMERCE BANCSHARES, INC. INCREASES DIVIDEND 6.6%
(St. Louis, February 1, 2002) -- Commerce Bancshares, Inc. announced today that its Board of Directors declared a quarterly dividend of $.1625 per share on the Company's common stock which represents a 6.6% increase over the prior dividend of $.16 per share when adjusted for the 5 percent stock dividend paid on December 14, 2001. This marks the 34th consecutive year the company has increased total dividends per share. The dividend is payable on March 28, 2002 to stockholders of record at the close of business on March 8, 2002.
COMMERCE BANCSHARES, INC. ANNOUNCES OFFICER PROMOTIONS
(KANSAS CITY, MO, January 28, 2002) - The Board of Directors of Commerce Bancshares, Inc. has announced the following promotions.
COMMERCE BANK AWARDS $25,000 GRAND PRIZE IN THE "SKIP THE PIN, SIGN - AND WIN!" CONTEST
(LEAVENWORTH, KS, January 22, 2002) - David Cuny is now $25,000 richer, having been named Grand Prize Winner in Commerce Bank's "Skip the PIN, Sign - and Win!" contest.
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