COMMERCE BANCSHARES, INC. PROMOTES MICHAEL BUDE TO TREASURER
St. Louis, MO – March 28, 2007 — Commerce Bancshares, Inc. announced today the promotion of Michael Bude to Treasurer. Bude has been with Commerce since 1998 and has served as the Interest Rate Risk manager. In his new position, Bude will have primary responsibility for interest rate risk management, capital management, and liquidity management for Commerce.
“Mike’s experience in interest rate risk management and the corporate treasury area has been a valuable asset for Commerce and makes him an excellent choice for his new role as treasurer,” said Bayard Clark, CFO of Commerce Bancshares, Inc., when making the announcement today.
Before joining Commerce, Bude was Senior Asset and Liability Analyst at Mercantile Bank, and he was Cash Manager and Asset and Liability Analyst at Boatmen’s Bank. Bude also serves as a council member and properties manager at Christ Lutheran Church in Webster Groves.
Bude holds a Bachelor of Science degree in Finance from Indiana University, Bloomington, IN, and a master of Business Administration degree (MBA) from Washington University in St. Louis.
About Commerce Bancshares, Inc.
Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $15.2 billion regional bank holding company. For more than 140 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its affiliated companies. Commerce currently operates in approximately 360 locations in the Midwest, primarily in Missouri, Illinois and Kansas. Commerce also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.
For additional information contact:
Molly Hyland, Public Relations Officer
314-746-3657
Email:molly.hyland@commercebank.com†
For additional information contact:
Web Site: www.commercebank.com
Email: mymoney@commercebank.com†
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