Bank City Commerce Kansas Mo

Commerce Bancshares, Inc. is a Kansas City, Missouri based U.S. bank holding company with branches of its Commerce Bank in Colorado, Kansas, Missouri, Illinois, and Oklahoma.

Commerce Bancshares is the corporate parent of Commerce Bank, the successor of the Commerce Trust Company and the National Bank of Commerce. With roots dating back to its first charter in 1865, Commerce Bank is the oldest and largest bank in Kansas City.

In the quarter ended March 31, 2007, it showed assets of $15 billion. As of September 30, as of 2007, it was listed as the 46th largest bank holding company in the United States as reported by the Federal Reserve Bank.

This Commerce Bank is not related to other financial institutions named "Commerce Bank" based in New Jersey, Ohio, and Massachusetts.

History

Commerce was founded in 1865 by Francis Reid Long as the Kansas City Savings Association with $10,000 in capital. William Stone Woods acquired it in 1881 and it became the National Bank of Commerce which at the time claimed to be the largest bank west of Chicago, Illinois

It became Commerce Bank in 1903 with William Thornton Kemper, Sr. as its first president. Following the Panic of 1907 it was briefly placed into receivership by the Comptroller of Currency. The bank paid its depositors and ownership returned to its owners.

Kemper set his son James M. Kemper up at Commerce and his other son R. Crosby Kemper at the competing City Center Bank which would become UMB Financial Corporation. The Kemper family from both institutions still play a dominant role at both banks as well as being a major force in Missouri philanthropies with their names applied to numerous buildings throughout the state including Kemper Arena.

Harry S. Truman worked at the bank from April 24, 1903 to May 15, 1905 in the predecessor building to today's Commerce Tower. The evaluation in his first said:

In April 2007, Commerce purchased an Aurora, Colorado based Commerce Bank with plans on expanding its business into the state of Colorado.

References

1. ^ FFIERC.GOV - Retrieved November 16, 2007
2. ^ Commerce History - commercebank.com - Retrieved November 16, 2007
3. ^ Truman Places - National Bank of Commerce - Retrieved January 4, 2007
4. ^ Commerce Bank Aurora (2007-04-03). "Commerce Bank to Merge with Missouri-based Commerce Bank". Press release . http://k2.secure-banking.com/1264X.cfm?ID=1264X&PAGEID=0502110035011070&FRAME=0 . Retrieved 2007-09-03 .  

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