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St. Louis, MO, February 2, 2007 — David W. Kemper, chairman of the board of directors of Commerce Bancshares, Inc. (CBSH) announced today the election of Kimberly G. Walker to the Board of Directors. Ms. Walker is the Chief Investment Officer of Washington University Investment Management Company since November 2006 and was formerly Vice President of Qwest Communications International and President of Qwest Assets Management Company. "We are very pleased to announce the appointment of Kimberly Walker to the Commerce Bancshares, Inc. Board of Directors," commented David W. Kemper. "As chief investment officer for one of the largest endowments in the country, Kim brings a wealth of experience in both financial markets and corporate governance."
Commerce Bancshares, Inc. also announced today the resignation of Mary Ann Van Lokeren from the Company’s Board of Directors. Ms. Van Lokeren was elected a director in April 1996 and is the former Chief Executive Officer of Krey Distributing Company. Krey Distributing Company was the exclusive Anheuser Busch wholesaler for St. Charles and Lincoln counties in Missouri. Ms. Van Lokeren also served as a director of Commerce bank, N.A., a subsidiary of Commerce Bancshares, Inc. The Company wishes to express a sincere thank you for the service provided to the Board by Ms. Van Lokeren and wishes her well in her retirement.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is 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 throughout 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 more information, please visit www.commercebank.com or e-mail mymoney@commercebank.com
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