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Commerce Bancshares, Inc. Board of Directors Names John W. Kemper President and Chief Operating Officer ST. LOUIS--(BUSINESS WIRE)-- The Commerce Bancshares, Inc. board of directors today named ...
On Friday, Kansas City, Mo.-based bank holding company Commerce Bancshares announced that it has promoted Chief Administrative Officer John W. Kemper to the position of president and chief ...
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. [5]
William Thornton Kemper Sr. (November 2, 1867 – January 19, 1938) was an American banker who was the patriarch of the Missouri Kemper family, which developed both Commerce Bancshares and United Missouri Bank to become a major banking family in the Midwest.
Kemper was born in Kansas City, Missouri, [1] the second of four children of Dorothy Ann "Dotty" (née Jannarone) and David Woods Kemper, a son of one of the wealthiest families in Missouri. [2] [3] Her father is the executive chairman of Commerce Bancshares, a bank holding company founded by the Kemper family.
UMB Financial Corporation is an American financial services holding company founded in 1913 as City Center Bank and based in Kansas City, Missouri.It offers a number of financial services from checking and savings accounts, credit services including home mortgages, auto loans, business loans and credit cards, to investing and wealth management, all are offered to individuals, companies and ...
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On October 2, 2007, Commerce Bancorp announced that it would be merging with TD Bank Financial Group. The Canadian-based Toronto-Dominion Bank acquired Commerce for $8.5 billion (U.S. dollars) in cash and stock, at $42 per share of CBH stock, a purchase multiple of x28. Some industry commentators held that Hill's departure and a strong Canadian ...