YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
First announced in April, the transaction was valued at $29.5 million.
The independent Colorado Commerce Bank brings $100.9 million in assets, $73.9 million in gross loans and $69.8 million in deposits to Commerce Bancshares. It also gives the Missouri company its first Colorado location.
Commerce Bancshares is a $15.2 billion bank-holding company with about 360 locations, mainly in Missouri, Illinois, Kansas and Oklahoma.
Shares (Nasdaq: CBSH) closed July 10 at $44.43, compared to a 52-week range of $43.43 to $50.77.
This story originally appeared in SBJ’s July 3 free e-news Daily Update. Register at sbj.net.
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