Commerce in top 10 for six consecutive years
KANSAS CITY, Mo.--(BUSINESS WIRE)--
For the sixth consecutive year, Commerce Bank appears on Forbes’ annual
list of America’s 10 best banks. Missouri-based Commerce is number nine
on Forbes’ list which rates the 100 largest publically trades banks and
thrifts banks by overall financial health. In 2014, Commerce was number
10 on the list.
“It is rewarding that Forbes’ has recognized Commerce as one of
America’s 10 best banks for six straight years,” said David Kemper,
chairman and CEO, Commerce Bancshares, Inc. “Our success comes from
providing a high level of customer service and consistent returns for
our investors. We look forward to continuing that success in 2015.”
Forbes ranked the 100 largest publicly traded banks and thrifts on nine
measures of financial health: return on average equity; net interest
margin; nonperforming loans (NPLs) as a percentage of loans;
nonperforming assets as percentage of assets; reserves as a percentage
of NPLs; two capital ratios (Tier 1 and risk-based); leverage ratio and
one-year sales growth. All of the data, outside of sales growth, was
provided by Charlottesville, Va., financial data firm SNL Financial.
Forbes compiled the ranking of the best and worst banks based on an
average of the individual ranks of each metric. The data is based on
regulatory filings of banks and thrifts for the period ending September
30, 2014. The full listing can be found here
http://www.forbes.com/sites/kurtbadenhausen/2014/12/22/full-list-americas-best-and-worst-banks-2015/
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ:
CBSH), a $22.7 billion regional bank holding company, as of September
30, 2014. For almost 150 years, Commerce Bank has been meeting the
financial services needs of individuals and businesses. Commerce Bank
provides a diversified line of financial services, including business
and personal banking, wealth management, financial planning, and
investments through its affiliated companies. Commerce Bank operates in
more than 350 retail locations in the Central United States and has a
nationwide presence in the commercial payments industry. Commerce
Bancshares also has operating subsidiaries involved in mortgage banking,
leasing, credit-related insurance, private equity and real estate
activities.
For additional information, please visit www.commercebank.com.
Commerce Bank
Molly Hyland, 314-746-3657
Molly.hyland@commercebank.com
or
Anthony
Atencio, 314-746-3048
Anthony.Atencio@commercebank.com
Source: Commerce Bank