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Profile: Commerce Bancshares Inc (CBSH.OQ)

CBSH.OQ on NASDAQ Stock Exchange Global Select Market

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Commerce Bancshares, Inc., incorporated on August 4, 1966, is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in general banking business, providing a range of retail, mortgage banking, corporate, investment, trust and asset management products and services to individuals and businesses. The Company operates through three segments: Consumer, Commercial and Wealth. The Company also owns, directly or through the Bank, various non-banking subsidiaries. Its activities include private equity investment, securities brokerage, insurance agency and leasing activities.

The Company's business real estate loans include mortgage loans for small and medium-sized office and medical buildings, manufacturing and warehouse facilities, shopping centers, hotels and motels, churches and other commercial properties. The Company originates both adjustable rate and fixed rate mortgage loans. Its consumer loans consist of automobile, motorcycle, marine, tractor/trailer, recreational vehicle (RV), fixed rate home equity and other types of consumer loans. It offers a range of credit card products, including affinity cards, rewards cards, and standard and premium credit cards. As of December 31, 2016, the Company's total loans amounted to $13.41 billion. As of December 31, 2016, the Company's total investment securities amounted to $9.7 billion. As of December 31, 2016, the Company's total deposits amounted to $21.1 billion. The Company's primary sources of overnight borrowings are federal funds purchased and securities sold under agreements to repurchase.

Consumer

The Company's Consumer segment includes the consumer portion of the retail branch network (loans, deposits and other personal banking services), indirect and other consumer financing, and consumer debit and credit bank cards. As of December 31, 2016, it provided services through a network of 184 full-service branches, a widespread automated teller machine (ATM) network of 378 machines, and the use of alternative delivery channels, such as online banking, mobile and telephone banking services. The Consumer segment also includes consumer deposits and credit cards. Consumer loans consist of automobile, motorcycle, marine, tractor/trailer, RV, fixed rate home equity, and other types of consumer loans.

Commercial

The Company's Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, international services, and business, government deposit, and related commercial cash management services, as well as merchant and commercial bank card products. The segment includes the Capital Markets Group, which sells fixed-income securities to individuals, corporations, correspondent banks, public institutions, and municipalities, and also provides investment safekeeping and bond accounting services.

Wealth

The Company's Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, and brokerage services, and includes the Private Banking product portfolio. The Company also provides investment management services to The Commerce Funds.

Company Address

Commerce Bancshares Inc

1000 Walnut St
KANSAS CITY   MO   64106-2145
P: +1816.2342000
F: +1800.8927100

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