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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.
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 ...
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 ...
The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale.
Rufus Crosby Kemper Sr. (1892–1972) was an American banker. He is known for expanding City Center Bank, acquired by his father, from a three-man operation with $600,000 in deposits into UMB Financial Corporation , with $300 million in deposits, during his tenure from 1919 to September 1967.