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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]
A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary. [1]
CoreFirst Bank & Trust opened December 3, 1959 as Commerce State Bank. Commerce State Bank received trust power and in 1976 changed its name to Commerce Bank & Trust. [3] Commerce opened its first in-store branches (grocery store) in 1988. In 1997, the first location outside of Topeka opened in Emporia, Kansas. Commerce reached $1 billion in ...
Here’s how custodial accounts work.
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Citizens National Bank changed its name to NexTier Bank, while the Citizens Financial Group branches reverted to the "Citizens Bank" name. [21] A new corporate logo designed to show Citizens Bank's connection to the Royal Bank of Scotland debuted on April 26, 2005. In July 2006, Citizens Bank eliminated the mortgage department in Michigan and ...
In 1985, Citizens Banking acquired Second National Corporation, owner of Second National Bank of Saginaw and Second National Bank of Bay City, for $68.3 million. [7] In November 1986, Citizens Banking announced the acquisition of National Bank of Illinois / Commercial National Bank of Berwyn, Illinois as its first non-Michigan acquisition. [8] [9]
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 ...