Commerce Bancshares, Inc. Receives Moody's Highest Financial Strength Rating among Mid-Sized Regional Banks.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report published March 12th, Moody's Investor Services reaffirmed the financial stability of Commerce Bancshares This article is about the bank headquartered in Kansas City, Missouri. For other uses, see Commerce Bank. Commerce Bancshares (NASDAQ: CBSH) is a Kansas City, Missouri based bank with branches in Kansas, Missouri, Illinois, and Oklahoma. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CBSH) by giving the Missouri-based bank holding company a composite financial strength rating of B+. The deposits of the company's lead bank were rated Aa2. Both ratings have a stable outlook. David W. Kemper, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Commerce Bancshares, commented, "We are pleased that Moody's continues to rate Commerce Bancshares, Inc. among the strongest mid-sized regional banks in the country. Commerce is the only bank company receiving a B+ or higher overall financial rating among the 37 regional banks with assets between $10 billion and $100 billion. Of the 50 largest banks in the country, only four have a higher rating. While this is a challenging economic environment for many banks, Commerce's disciplined lending philosophy and strong investment portfolio serve us well at a time when credit discipline and capital adequacy have become central issues in our industry. Our super community banking platform allows us to provide high service levels and competitive products while generating the type of financial returns that enabled Commerce to receive consistently high ratings from Moody's." A Deposit Rating of Aa2 reflects a financial institution with obligations that are judged to be of high quality and are subject to less volatility. The report also states that a Financial Strength Rating of B or greater indicates the institution possesses strong intrinsic financial strength. The report adds that typically institutions with this rating will have valuable and defensible business franchises, good financial fundamentals and a stable operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . About Commerce Bank Commerce Bank, N.A. is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $16.8 billion regional bank holding company. For more than 140 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the and investments through its subsidiary and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Commerce Bank currently operates in approximately 360 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital and real estate activities. For additional information, please visit http://www.commercebank.com/or email mymoney@commercebank.com. |
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