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COMMERCE BANK GROUND BREAKING CEREMONY MARKS CONSTRUCTION OF NEW CROSS KEYS LOCATION

(St. Louis, MO - May 21, 2004) - Commerce Bank Executives and St. Louis City officials, held a ground breaking ceremony this morning to mark the construction of the new Commerce Bank Cross Keys Banking Center, located at 134 Cross Keys, on the same site as the current Commerce Bank Cross Keys branch. The new branch is scheduled to open in December 2004.

The new Cross Keys Banking Center will provide full-service banking to individuals and businesses and will offer a complete range of retail, commercial and investment services. Upon completion, the bank will include 4 drive-through lanes, 1 ATM, and more than 2,800 sq. feet of floor space for tellers, financial services representatives, plus personal and commercial lending staff.

Sandy Washington, Senior Vice President and Group Manger for Commerce Bank in St. Louis commented, "As we break ground today, we look forward to the future. At Commerce, our commitment goes beyond building a new facility to also building value-added relationships with our customers and the community, in which we live and work. We believe this new, state-of-the-art facility will be something of which both the Bank and the Florissant community can be proud."

Gray Design Group, St. Louis, is the architect for the project.

About Commerce Bank
Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $14.5 billion regional bank holding company. For more than 135 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 330 locations 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 contact:
Jeanne Howard
Regional Marketing Manager
314-746-3672
Website: www.commercebank.com
e-mail: mymoney@commercebank.com
SYMBOL: CBSH

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