BNET Industries

Market Cap:$3.0B
Last Fiscal Year Sales:$1.2B
  • Public
  • US
Dow Jones Description

Missouri-based Commerce Bancshares, Inc. is a registered bank holding company offering a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its affiliated companies. Commerce Bancshares operates in approximately 360 locations across Missouri, Kansas, Illinois, Oklahoma and Colorado and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.

Chairman, President and Chief Executive Officer of Commerce Bancshares, Inc. and Chairman, President and Chief Executive Officer of Commerce Bank, N.A.
David W. Kemper
Number of Employees 4,666
Contact Information

1000 Walnut

PO Box 419248

Kansas City, Missouri 64106-3686

www.commerceban...

(816) 234-2000

NAICS Code Commercial Banking: 522110

Recent Events

  • Only 2 of 11 area banks reported losses in 3rd quarter

    11/03/09 - Financial Announcement - View Story

  • Commerce Bancshares, Inc. Declares Stock and Quarterly Dividends

    10/31/09 - Stock Split / Dividend - View Story

  • Fox-Pitt Kelton Cochran LLC maintains Commerce Bancshares at 'in line'

    10/15/09 - Bond / Stock Rating - View Story

  • Commerce Bancshares, Inc. Announces Third Quarter Earnings Per Share of $.66

    10/15/09 - Financial Announcement - View Story

  • Commerce Bancshares, Inc. Announces Second Quarter Earnings Per Share of $.48

    7/17/09 - Financial Announcement - View Story

News & Analysis

commerce bancshares inc. and commerce bank n.a. - All News and Analysis

Decision Makers

Name (plus bio) Position
A. Bayard Clark Executive Vice President and Chief Financial Officer
Kevin G. Barth Executive Vice President, Commercial Line of Business, Commerce Bancshares, Inc. and President, Chief Operating Officer of Commerce Bank, Kansas City Region
Robert C. Matthews Executive Vice President, Chief Credit Officer, and Risk Manager
Charles G. Kim Executive Vice President, Retail Line of Business
V. Raymond Stranghoener Executive Vice President, Trust Line of Business, Commerce Bancshares, Inc. and President, The Commerce Trust Company, a division of Commerce Bank.
Andrew S. Kaplan Vice President
Carol M. Dickinson Vice President
Charles L. Spencer Vice President
Daniel D. Callahan Vice President
Duane E. Locher Vice President
Gregg E. Hollabaugh Vice President
J. Daniel Stinnett Vice President & Secretary
John K. Handy Vice President
Justin R. Jones Vice President
Kent D. Kirby Vice President
Patricia R. Kellerhals Vice President
Vicki J. McGuire Vice President
Jeanne D. Howard Director, Marketing
Michael J. Petrie Senior Vice President, Commerce Bancshares, Inc. and Director of Community Bank Administration
Nancy E. Levin Marketing Director
Robert J. Rauscher Senior Vice President, Commerce Bancshares, Inc. and Director of Operations and Information Services
Sara E Foster Senior Vice President of Commerce Bancshares, Inc. and Director of Support Group Services
Jeffery D. Aberdeen Controller
Michael Nguyen Principal
Wayne McGaugh Auditor
Mary Ann Van Lokeren Director

Board of Directors

Name (plus bio) Position
David W. Kemper Chairman, President and Chief Executive Officer of Commerce Bancshares, Inc. and Chairman, President and Chief Executive Officer of Commerce Bank, N.A.
Seth M. Leadbeater Vice Chairman of Commerce Bancshares, Inc. and Chairman and Chief Executive Officer of Commerce Bank, St. Louis Region
Andrew C. Taylor Board of Directors
Benjamin F. Rassieur III Board of Directors
Dan C. Simons Board of Directors
Giorgio Balzer Board of Directors
James B. Hebenstreit Board of Directors
John R. Capps Board of Directors
Jonathan M. Kemper Vice Chairman of Commerce Bancshares, Inc. and Chairman of Commerce Bank, Kansas City Region
Jsmes B. Hebenstreit Board of Directors
Kimberly G Walker Board of Directors
Robert H. West Board of Directors
Terry O. Meek Board of Directors
Thomas A. McDonnell Board of Directors
W Thomas Grant II Board of Directors

Organization Position Status
Commerce Brokerage Services, Inc. Chairman, President and Chief Executive Officer of Commerce Bancshares, Inc. and Chairman, President Current
Commerce Bancshares, Inc. Chairman, President and Chief Executive Officer of Commerce Bancshares, Inc. and Chairman, President and Chief Executive Officer of Commerce Bank, N.A. Current
Worcester College Master of Arts in English Literature Former

Seth M. Leadbeater is Vice Chairman of Commerce Bancshares, Inc., Chairman and Chief Executive Officer of Commerce Bank, St. Louis Region, and serves on the Executive Committee of Commerce Bancshares, Inc. Leadbeater has overall responsibility for the St. Louis Region, and all Community Markets in Missouri, Illinois, and Kansas outside of St. Louis and Kansas City. He holds a Bachelor of Arts degree from Principia College and an MBA from California State University, Long Beach. Leadbeater serves as a Trustee for the St. Louis Art Museum, a Director of the Muny Opera in St. Louis, and of the Regional Housing Community Development Association.

Organization Position Status
Commerce Bancshares, Inc. Vice Chairman of Commerce Bancshares, Inc. and Chairman and Chief Executive Officer of Commerce Bank, St. Louis Region Current
Emerging Technologies, Inc. Director Former
California State University MBA Former
Principia College Bachelor of Arts degree Former

A. Bayard Clark is Executive Vice President and Chief Financial Officer of Commerce Bancshares, Inc. With 30 years in the banking industry, Clark directs the Mergers and Acquisitions division of the bank and chairs the Asset/Liability Management Committee and serves on the Executive Committee of Commerce Bancshares, Inc. Clark holds an A.B. from the University of North Carolina at Chapel Hill and a J.D. from the St. Louis University School of Law. He is a member of the Missouri Bar Association. He also served in the United States Navy for four years. Clark is presently on the board of Focus St. Louis and is a past board member of Confluence St. Louis, a former participant in Leadership St. Louis, and a commissioner for the Land Clearance for Redevelopment Authority of St. Louis County.

Organization Position Status
Commerce Bancshares, Inc. Executive Vice President and Chief Financial Officer Current
The University of North Carolina at Chapel Hill A.B. Former

Organization Position Status
Commerce Bank N.A. President and Chief Operating Officer Current
Commerce Bancshares, Inc. Executive Vice President, Commercial Line of Business, Commerce Bancshares, Inc. and President, Chief Operating Officer of Commerce Bank, Kansas City Region Current
Rockhurst University MBA Former

Robert C. Matthews, Jr., is Executive Vice President, Chief Credit Officer, and Risk Manager for Commerce Bancshares, Inc. In this role, he oversees the credit policy, credit administration, and internal audit functions of the company. Additionally, he serves on the Executive Committee of Commerce Bancshares, Inc. Matthews holds a Bachelor of Science degree in Finance from Kansas State University, Manhattan, KS, and is a graduate of the Stonier School of Banking at Rutgers University.

Organization Position Status
Commerce Bancshares, Inc. Executive Vice President, Chief Credit Officer, and Risk Manager Current
Kansas State University Bachelor of Science degree in Finance Former

Charles G. Kim is Executive Vice President of the Retail Line of Business, of Commerce Bancshares, Inc. and has corporate responsibility for Retail Banking, Marketing, Retail Lending and Payment Systems, Commerce Mortgage Corp., and Commerce Brokerage Services, Inc. He is responsible for retail strategic planning, product development, and alternative delivery systems and is a member of the Executive Committee of Commerce Bancshares, Inc. Kim is also actively involved in community, church, and business organizations. He is currently on the Board of Directors of Junior Achievement of Mississippi Valley and a member of the Executive Board of the St. Louis County Fair and Air Show. Kim graduated with honors from the Washington University Executive MBA program and holds a Bachelor of Science in Business Administration from Washington University, St. Louis, MO.

Organization Position Status
Commerce Bancshares, Inc. Executive Vice President, Retail Line of Business Current
Washington University Bachelor of Science in Business Administration Former

Ray Stranghoener is Executive Vice President of Commerce Bancshares, Inc. and President of The Commerce Trust Company, a division of Commerce Bank. As president, he is responsible for approximately $20 billion of client assets under management in Commerce locations across Missouri, Illinois, and Kansas. He also serves on the Executive Committee of Commerce Bancshares, Inc. Stranghoener holds a law degree from Georgetown University Law Center and an undergraduate degree in political science from Westminster College. He has an extensive record of community service, currently serving on the boards of the Missouri Historical Society and The Opera Theatre of Saint Louis. He represents Commerce Bank in its role as Trustee of the St. Louis Community Foundation.

Organization Position Status
Commerce Bancshares, Inc. Executive Vice President, Trust Line of Business, Commerce Bancshares, Inc. and President, The Commerce Trust Company, a division of Commerce Bank. Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President & Secretary Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Vice President Current

Organization Position Status
Commerce Bancshares, Inc. Director, Marketing Current

Michael J. Petrie is a Senior Vice President of Commerce Bancshares, Inc., Director of Community Bank Administration, and has administrative responsibility for Community markets -- outside St. Louis and Kansas City -- in the Commerce Bank system. Petrie serves on the Executive Committee of Commerce Bancshares, Inc. He holds a Bachelor of Science degree in agricultural economics from Kansas State University, Manhattan, KS.

Organization Position Status
Commerce Bancshares, Inc. Senior Vice President, Commerce Bancshares, Inc. and Director of Community Bank Administration Current
Kansas State University Bachelor of Science degree in agricultural economics Former

Organization Position Status
Commerce Bancshares, Inc. Marketing Director Current
Commerce Bank N.A. Manager, Marketing Former

Robert J. Rauscher is Senior Vice President of Commerce Bancshares, Inc. and is Director of Operations and Information Services. Rauscher serves on the Executive Committee of Commerce Bancshares, Inc. He earned his Bachelor of Arts in Banking and Finance from the University of Missouri, Columbia, MO, and is a CBA Graduate School of Bank Management, University of Virginia. Rauscher is active in Habitat for Humanity in the Kansas City metro area.

Organization Position Status
Commerce Bancshares, Inc. Senior Vice President, Commerce Bancshares, Inc. and Director of Operations and Information Services Current
University of Missouri Bachelor of Arts in Banking and Finance Former
University of Virginia CBA Graduate School of Bank Management Former

Sara E. Foster is Senior Vice President of Commerce Bancshares, Inc. and Director of Support Group Services. She has overall responsibility for Human Resources, Organizational Development, Compliance, Security and General Services. Foster is a member of the Executive Committee of Commerce Bancshares, Inc. She holds a Bachelor of Arts in Communications from the University of Missouri, St. Louis, MO, and an MBA from Washington University, St. Louis, MO. Foster serves on the Board of Directors of Big Brothers/Big Sisters of Eastern Missouri, is chairwoman of the Board of Directors of the YWCA of Metro St. Louis, and serves on the University of Missouri – St. Louis Chancellor’s Council.

Organization Position Status
Commerce Bancshares, Inc. Senior Vice President of Commerce Bancshares, Inc. and Director of Support Group Services Current
Washington University MBA Former
University of Missouri Bachelor of Arts in Communications Former

Organization Position Status
Commerce Bank N.A. Controller Current
Commerce Bancshares, Inc. Controller Current
Commerce Brokerage Services, Inc. Controller Current

Michael Nguyen currently serves as Vice President in the commercial banking division for Commerce Bank. Commerce Bank is the principal subsidiary of Commerce Bancshares Inc. (NASDAQ: CBSH), a $15 billion regional bank holding company. For more than 140 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its affiliated companies. Commerce Bancshares operates across four states with approximately 350 locations and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities. In his position, Michael is responsible for new business generation in loans and deposits, management of existing client portfolio, and serves as a point man to a variety of non-credit products including cash management, merchant card and wealth services. Michael also serves as board member for the South Kansas City Chamber of Commerce and New Horizons Programs.

Organization Position Status
Commerce Bank Vice President Current
Ironstone Bank Vice President, Commercial Lender Current
Commerce Bancshares, Inc. Principal Current
Asian American Chamber of Commerce Board Member Current
University of Missouri-Columbia Bachelor's Degree In Business Finance Former

Organization Position Status
Commerce Bancshares, Inc. Auditor Current

Andrew C. Taylor was elected a director in February, 1990. Mr. Taylor is Chairman and Chief Executive Officer of Enterprise Rent-A-Car which is engaged in automobile leasing, rental and related services. Enterprise also owns and operates the vehicle rental brands Alamo and National. Mr. Taylor is Chairman of the Company's Compensation and Human Resources Committee.

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current

Organization Position Status
Paulo Products Company Inc. President Current
Commerce Bancshares, Inc. Board of Directors Current

Dan C. Simons was elected a director on July 27, 2007. Mr. Simons is President of the Electronic Division of The World Company. The World Company owns newspapers throughout Kansas, owns and operates cable television systems with ISP, telephone and wireless divisions, and an ABC broadcast television station in Topeka, Kansas. A related enterprise created by The World Company, WorldWest Limited Liability Company is a newspaper/communications company serving Arizona, Colorado and Kansas. Mr. Simons is also Co-Manager of WorldWest, L.L.C.

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current
Assicurazioni Generali U.S. Representative Former

James B. Hebenstreit was elected a director in October, 1987. Mr. Hebenstreit is the President of Bartlett and Company. Bartlett and Company is engaged in grain merchandising and storage, flour and feed milling and cattle feeding. Hebenstreit is Chairman of the Company's Committee on Governance/Directors.

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current

Mr. John R. Capps is President and Chief Executive Officer of Asbury's St. Louis dealerships, dba Plaza Motor Company: they have been a part of Asbury since 1997. Mr. Capps has run the company, a large automotive retail campus that represents eight luxury franchises including BMW, Mercedes-Benz, Porsche, Audi, Lexus, Infiniti, Cadillac, and Land Rover, since 1981. Mr. Capps began his career in sales and sales management, becoming part owner of Northgate Porsche-Audi in 1974. Prior to joining Plaza Motor Company, Mr. Capps also served as Vice President of Operations at Volkswagen Mid-America, a distributor for Volkswagen, Porsche and Audi for a four-state area in the Midwest. Mr. Capps is a graduate of Stanford University.

Organization Position Status
Asbury Automotive Group, Inc. President and Chief Executive Officer of Asbury's St. Louis dealerships, dba Plaza Motor Company Current
Commerce Bancshares, Inc. Board of Directors Current

Organization Position Status
Commerce Bank N.A. Chairman and CEO Current
Commerce Brokerage Services, Inc. Vice Chairman of Commerce Bancshares, Inc. and Chairman of Commerce Bank, Kansas City Region Current
Missouri Botanical Garden Board of Directors Current
Ralcorp Holdings, Inc. Director Current
Commerce Bancshares, Inc. Vice Chairman of Commerce Bancshares, Inc. and Chairman of Commerce Bank, Kansas City Region Current
Commerce Bancshares, Inc. Board of Directors Current
Donald Danforth Plant Science Center Board Member Current
Washington University Trustee Current
Harvard University MBA Former

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current

Organization Position Status
Commerce Brokerage Services, Inc. Director Current
Commerce Bancshares, Inc. Board of Directors Current

Mary Ann Van Lokeren retired as Chairman and Chief Executive Officer of Krey Distributing Co., an Anheuser-Busch wholesaler, in October 2006. She had served in that capacity since December 1986. She is a director of Masco Corporation.

Organization Position Status
The Laclede Group, Inc. Board of Directors Current
Commerce Bancshares, Inc. Director Current

Robert H. West was elected a director in October, 1985. Mr. West retired as Chairman of the Board of Butler Manufacturing Company and from its board of directors on July 1, 1999. He is a director of Great Plains Energy, Inc. and Burlington Northern Santa Fe Corporation. Mr. West is Chairman of the Company's Audit Committee and designated as the Committee's financial expert.

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current
Great Plains Energy Inc. Board of Directors Current
Burlington Northern Santa Fe Corporation Board of Directors Current
Burlington Northern Santa Fe Corporation Team Member Current
Commerce Bancshares, Inc. Team Member Current
Great Plains Energy Inc. Compensation Committee Member Current
Butler Manufacturing Company Chief Executive Officer Former
Butler Manufacturing Company Chairman Former
Butler Manufacturing Company Director Former

Organization Position Status
Meek's Building Centers President & CEO Current
Commerce Bancshares, Inc. Board of Directors Current

Thomas A. McDonnell was elected a director in April, 2001. Mr. McDonnell is the President and Chief Executive Officer of DST Systems, Inc. DST Systems is a provider of computer software solutions to the financial services and other industries. He is a director of DST Systems, Inc., Blue Valley Ban Corp, Euronet Worldwide, Inc., Garmin, LTD, and Kansas City Southern.

Organization Position Status
Commerce Bancshares, Inc. Board of Directors Current

Organization Position Status
Sonora Quest Laboratories Senior Vice President, Insurance and Employer Services Current
Quest Diagnostics Incorporated Senior Vice President, Insurance and Employer Services Current
Commerce Bancshares, Inc. Board of Directors Current
Quest Diagnostics Incorporated Director Current
LabOne, Inc. CEO Former
LabOne, Inc. President Former
LabOne, Inc. Chairman Former
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     CBSH $38.59 -0.72 (-1.83% )
Average Volume 349,011
Shares Outstanding 82.88M
Market Cap 3.2B
Year High 44.41
Year Low 27.8
Earnings Per Share 2.12
P/E Ratio 18.20
Dividend 0.96
Yield 2.49
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