Local banks make 'Top 150' list

Feats such as that earned Commerce Bancshares Inc. the No. 6 slot on Bank Director magazine's inaugural Bank Performance Scorecard: The Top 150. Kansas City-based Commerce Bancshares is the holding company for Commerce Bank, which operates 25 branches in the Springfield area.

“I'm very proud of that (ranking),” said Bob Hammerschmidt, president of Commerce Bank's Springfield Region.

Hammerschmidt, who has been with Commerce Bank for 18 of his 32 years in banking, called the honor a “snapshot in time” that allows all Commerce Bank employees the opportunity to reflect on their accomplishments in the ever-changing financial world.

Other banks on the list with a significant local presence are U.S. Bancorp (No. 14), Bank of America Corp. (No. 65), and Kansas City-based UMB Financial Corp. (No. 96).

Jack Milligan, Bank Director magazine senior editor, said the list is unique because it uses a wider array of judging criteria than most rankings.

“It measures a bank's financial performance within a larger context than if you were to focus on a single metric, as many people do,” he said.

Banks were judged on profitability, capital adequacy and asset quality.

Click here for the full story from Feb. 13.