| Business Summary | | Commerce
Bancshares,
Inc.
is
a
bank
holding
company
that
owns
all
of
the
outstanding
capital
stock
of
four
national
banking
associations
that
are
headquartered
in
Missouri,
Illinois,
Kansas
and
Nebraska.
Specifically,
these
are
Commerce
Bank,
N.A.
(Missouri),
Commerce
Bank,
N.A.
(Illinois),
Commerce
Bank,
N.A.
(Kansas)
and
Commerce
Bank
of
Omaha,
N.A.
(Nebraska).
The
Nebraska
bank
is
limited
in
its
activities
to
issuance
of
credit
cards.
The
remaining
three
banking
subsidiaries
engage
in
general
banking
business,
providing
a
broad
range
of
retail,
corporate,
investment
and
private
banking
products
and
services
to
individuals
and
businesses.
The
Company
also
owns,
directly
or
through
its
banking
subsidiaries,
various
non-banking
subsidiaries.
As
of
December
31,
2000,
the
Company
had
consolidated
assets
of
$11.1
billion,
consolidated
loans
of
$7.9
billion
and
consolidated
deposits
of
$9.1
billion. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBSH,
a
bank
holding
company,
operates
throughout
MO,
IL,
KS,
and
NE,
with
subsidiaries
in
insurance,
securities
investment,
real
estate
and
brokerage.
For
the
six
months
ended
6/30/01,
interest
income
fell
1%
to
$393.9
million.
Net
interest
income
after
loan
loss
prov.
fell
2%
to
$217
million.
Net
income
rose
3%
to
$89.7
million.
Net
interest
income
reflects
decreased
investment
income,
and
higher
interest
on
long
term
debt.
Earnings
benefitted
from
increased
deposit
account
charges. | More
from
Market Guide: Significant
Developments |
| | |
| Position | David Kemper, 50 | Chairman
and Pres of the Company and Commerce Bank, Missouri & CEO of the Company | Jonathan Kemper, 47 | Vice
Chairman of the Company and Commerce Bank, Missouri | William Sullins, Jr., 62 | Vice
Chairman of the Company and Commerce Bank, Missouri | A. Bayard Clark, 55 | CFO,
Exec. VP and Treasurer | Charles Kim, 40 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|