Commerce Bancshares, Inc. is a regional
bank holding company
A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') or bancorporation is often used to refer to such companies as w ...
headquartered in
Missouri
Missouri (''see #Etymology and pronunciation, pronunciation'') is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it border ...
, with principal offices in
Kansas City
The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With and a population of more t ...
and
St. Louis
St. Louis ( , sometimes referred to as St. Louis City, Saint Louis or STL) is an independent city in the U.S. state of Missouri. It lies near the confluence of the Mississippi and the Missouri rivers. In 2020, the city proper had a populatio ...
. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
Commerce operates more than 275 branch and ATM locations across
Missouri
Missouri (''see #Etymology and pronunciation, pronunciation'') is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it border ...
,
Kansas
Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas is named a ...
,
Illinois
Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...
,
Oklahoma
Oklahoma ( ; Choctaw language, Choctaw: , ) is a landlocked U.S. state, state in the South Central United States, South Central region of the United States. It borders Texas to the south and west, Kansas to the north, Missouri to the northea ...
and
Colorado
Colorado is a U.S. state, state in the Western United States. It is one of the Mountain states, sharing the Four Corners region with Arizona, New Mexico, and Utah. It is also bordered by Wyoming to the north, Nebraska to the northeast, Kansas ...
with operating subsidiaries involved in
mortgage bank
A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the United States, a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgag ...
ing, credit-related insurance,
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
and real estate activities.
As of September 30, 2024, Commerce Bank was the 63rd largest
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
in the United States, as reported by the
Federal Reserve Bank
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve A ...
.
History
Commerce was founded by
Francis Reid Long with $10,000 in capital in 1865, just as communities were rebuilding during post-Civil War Reconstruction. Originally known as the Kansas City Savings Association, it was acquired in 1881 by Dr. William Stone Woods and renamed the
National Bank of Commerce, claiming at the time to be the largest bank west of
Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
.
Harry Truman
Harry S. Truman (May 8, 1884December 26, 1972) was the 33rd president of the United States, serving from 1945 to 1953. As the 34th vice president in 1945, he assumed the presidency upon the death of Franklin D. Roosevelt that year. Subsequen ...
, the 33rd President of the United States, worked as a clerk and cashier at the bank in the early 1900s. When describing Dr. Woods, Truman once said, "There are dozens of stories about his close accounting of the nickels and pennies, but if he chose to back a man, he stayed with him through thick and thin if that man had energy and character."
Dr. Woods would go on to transform the Kansas City bank into a modern financial institution.
Truman's housemate at the time was fellow Commerce employee
Arthur Eisenhower, brother of future war hero and President
Dwight D. Eisenhower
Dwight David "Ike" Eisenhower (born David Dwight Eisenhower; October 14, 1890 – March 28, 1969) was the 34th president of the United States, serving from 1953 to 1961. During World War II, he was Supreme Commander of the Allied Expeditionar ...
. Arthur went on to work at Commerce for more than 50 years.
The bank became Commerce Bank in 1903 with
William Thornton Kemper Sr. as its first president. Kemper set up one of his sons, James M. Kemper, at Commerce and his other son,
Rufus Crosby Kemper Sr., at the competing City Center Bank, which later became
UMB Financial Corporation
UMB Financial Corporation is an American financial services company headquartered in Kansas City, Missouri. It offers comprehensive financial services, including deposit solutions like checking and savings accounts, credit services including hom ...
. Members of the Kemper family still play a dominant role at both banks. They also are a major force in Missouri philanthropies, with their names attached to numerous buildings throughout the state, including
Kemper Arena
Hy-Vee Arena, previously known as Kemper Arena, is an indoor arena located in Kansas City, Missouri. Prior to conversion to a youth sports and community gymnasium facility, Kemper Arena was previously a 19,500-seat professional sports arena. It ...
.
In 1928, Commerce opened the nation's first 24-hour banking transit department, where checks or transit items drawn from out-of-town banks could be cleared and collected.
The bank was an early adopter in other ways as well. In 1955, it installed the latest moving "electric stairs" in the Walnut Lobby of its Kansas City headquarters.
After World War II, Commerce Bank continued to play an important role in the Midwest's growth. It funded business growth, working with
H&R Block
H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia. The company was founded in 1955 in Kansas City, Missouri, by brothers Henry W. Bloch and Richard Bloch.
As of 2018, H&R ...
,
Sprint
Sprint may refer to:
Aerospace
* Spring WS202 Sprint, a Canadian aircraft design
*Sprint (missile), an anti-ballistic missile
Automobiles
*Alfa Romeo Sprint, automobile produced by Alfa Romeo between 1976 and 1989
*Chevrolet Sprint, a rebadged v ...
(originally called
United Utilities
United Utilities Group plc (UU) is the United Kingdom's largest listed water company. It was founded in 1995 as a result of the merger of North West Water and NORWEB. The group manages the regulated water and waste water network in North West En ...
), and
Trans World Airlines
Trans World Airlines (TWA) was a major airline in the United States that operated from 1930 until it was acquired by American Airlines in 2001. It was formed as Transcontinental & Western Air to operate a route from New York City to Los Angeles ...
, which had its main overhaul base at
Kansas City International Airport
Kansas City International Airport (originally Mid-Continent International Airport) is a public airport in Kansas City, Missouri, located northwest of Downtown Kansas City in Platte County, Missouri., effective May 15, 2025. The airport was ...
. In 1954, the Commerce Trust Company allowed
Walt Disney
Walter Elias Disney ( ; December 5, 1901December 15, 1966) was an American animator, film producer, voice actor, and entrepreneur. A pioneer of the Golden age of American animation, American animation industry, he introduced several develop ...
and his wife, Lillian, to take out a $60,000 loan against Disney's life insurance policy to help fund the development of a new theme park Disney envisioned.
Disneyland
Disneyland is a amusement park, theme park at the Disneyland Resort in Anaheim, California. It was the first theme park opened by the Walt Disney Company and the only one designed and constructed under the direct supervision of Walt Disney, ...
opened in California a year later, and by the end of its first year in operation, the park had already attracted 3.6 million guests.
From the 1960s to the 1990s, Commerce grew alongside the American economy, expanding throughout Missouri, Kansas, and Illinois. In 1968, Commerce became the first bank in Missouri to enter the credit card business.
In 1969, Commerce helped Ewing Kauffman, owner of
Marion Laboratories
Marion Merrell Dow and its predecessor Marion Laboratories was a United States, U.S. pharmaceutical company based in Kansas City, Missouri, from 1950 until 1996.
The company specialized in bringing to market drugs that had been discovered but unm ...
, buy the
Kansas City Royals
The Kansas City Royals are an American professional baseball team based in Kansas City, Missouri. The Royals compete in Major League Baseball (MLB) as a member club of the American League (AL) American League Central, Central Division. The team ...
. Commerce remains the Royals' bank.
After a young
Johnny Morris Johnny or Johnnie Morris may refer to:
* Johnnie Morris (actor) (1887–1969), American comedian and actor
*Johnny Morris (television presenter) (1916–1999), British television presenter
* Johnny Morris (footballer) (1923–2011), English footbal ...
opened a bait and tackle shop in the back of his father's liquor store in Springfield, Missouri, Commerce provided the line of credit he needed in 1974 to open a second store in a chain known today throughout North America as Bass Pro Shops.
During the
2008 financial crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
, Commerce was the country's sixth largest bank to decline financial assistance from the
United States Department of the Treasury
The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments.
...
and the
Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by U.S. Presi ...
.

Appearing regularly on lists recognizing top banks, Commerce later added Colorado and Oklahoma to its banking footprint, with additional commercial offices throughout the Midwest and commercial payments services available in 48 states. In 2023, Commerce completed Commerce Bank Tower, a 15-story building adjacent to Commerce Bank's office building at 8000 Forsyth Blvd. in St. Louis.
Lines of business
Commercial Banking – Commerce Bank serves more than 12,000 businesses through its commercial banking and payments solutions.
The bank's commercial servicesinclude corporate lending, merchant and commercial card products, payment and treasury solutions, leasing and international services, as well as business and government deposit, investment and cash management. The commercial banking business contributed 53% of Commerce Bank's pre-tax income in 2023.
Consumer Banking – Commerce Bank's consumer banking serves more than 800,000 households through 140+ branches, 250+ ATM locations, and digital solutions in online and mobile banking. The bank's consumer services include checking, savings, installment loans, personal mortgages, and debit and credit cards.

Private Wealth Management –''
Commerce Trust a division of Commerce Bank, provides financial and tax planning, investment portfolio management, trust administration, and private banking services to high-net-worth individuals and institutions. Commerce Family Office, an operating unit of Commerce Trust, provides financial and tax planning, investment consulting, trust administration, philanthropy and family governance to ultra-high-net-worth individuals. Clients benefit from the insights gained through Commerce Bank's experience in administering more than $73 billion in total client assets (as of September 30, 2024) through all market cycles.
Commerce Trust ranked 20th in bank-managed trust companies in 2022, according to
S&P Global Market Intelligence
S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financia ...
.
Awards and recognition
* Bank Director's Top 25 Banks – In 2024, Bank Director named Commerce Bank one of the Top 25 U.S. Banks.
*
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
' World's Best Banks – In 2023, Forbes named Commerce Bank one of the World's Best Banks for the fifth consecutive year.
*
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
' America's Best Banks in Each State – In 2023, Commerce Bank was included on Forbes' list of America's Best Banks in Each State for Missouri.
*
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
' Best Employer by State: Missouri – In 2024, Commerce Bank was named to Forbes America's Best Employers by State list in Missouri.
*
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
' America's Best Midsize Employers – In 2024, Commerce Bank was recognized on Forbes' America's Best Midsize Employers List for the seventh consecutive year.
*
Human Rights Campaign
The Human Rights Campaign (HRC) is an American LGBTQ advocacy group. It is the largest LGBTQ political lobbying organization within the United States. Based in Washington, D.C., the organization focuses on protecting and expanding rights for L ...
's 2023
Corporate Equality Index
The Corporate Equality Index is a report published by the Human Rights Campaign Foundation as a tool to rate American businesses on their treatment of gay, lesbian, bisexual and transgender employees, consumers and investors. Its primary source of ...
(CEI) – In 2023, for the third consecutive year, Commerce Bank was recognized by the Human Rights Campaign's (HRC) Corporate Equality Index (CEI) with a score of 90 out of 100.
*
Newsweek
''Newsweek'' is an American weekly news magazine based in New York City. Founded as a weekly print magazine in 1933, it was widely distributed during the 20th century and has had many notable editors-in-chief. It is currently co-owned by Dev P ...
's America's Best Regional Bank – Commerce Bank was named to Newsweek's inaugural America's Best Regional Banks and Credit Unions 2024 list, scoring a 4.5-star rating on a 5-star scale. The bank was again named to the list in 2025.
*
Newsweek
''Newsweek'' is an American weekly news magazine based in New York City. Founded as a weekly print magazine in 1933, it was widely distributed during the 20th century and has had many notable editors-in-chief. It is currently co-owned by Dev P ...
's America's Greatest Workplaces – In 2023, Commerce Bank was named to Newsweek's inaugural America's Greatest Workplaces list.
*
Newsweek
''Newsweek'' is an American weekly news magazine based in New York City. Founded as a weekly print magazine in 1933, it was widely distributed during the 20th century and has had many notable editors-in-chief. It is currently co-owned by Dev P ...
's Greatest Workplaces for Parents & Families – In 2024, Commerce Bank earned a spot-on Newsweek's list for America's Greatest Workplaces for Parents and Families, receiving a four-star rating.
*
S&P Global Market Intelligence
S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financia ...
Top 50 Public Banks – Commerce was recognized by S&P Global Market Intelligence as one of the Top U.S. Public Banks based on financial performance in 2023.
*
U.S. News & World Report Best Companies to Work For – Commerce Bank was included on U.S. News & World Report's "Best Companies to Work For" Overall, Banking, and Midwest lists for 2024-2025.
References
External links
*
{{S&P 400 companies
Banks based in Missouri
Companies based in Kansas City, Missouri
Companies listed on the Nasdaq
Kemper family
American companies established in 1865
Banks established in 1865
American brands
Financial services companies of the United States
Holding companies of the United States
Companies based in Oklahoma
Companies based in Chicago
Companies based in Colorado
Companies in the S&P 400