|
ST. LOUIS, MO - October 15, 2004 - Commerce Bank, a Missouri-based Bank, teams up with ShareBuilder, America's fastest growing online brokerage firm, to offer a cost effective online investing service. Commerce ShareBuilder is an ideal, low-cost way for the new investor to invest a set amount of money automatically every month.
"We are dedicated to offering investment services that best meet the needs of our customers," said Chuck Kim, executive vice president, Commerce Bank. "This new service provides flexibility of investing in a number of companies and is a great low-cost alternative for customers wanting to get the long-term performance of equity investing."
For new investors, Commerce ShareBuilder eliminates the financial barriers to getting into the market and is simple and automatic. Commerce ShareBuilder also appeals to more sophisticated investors. They will find that the service acts as a supplemental method to accumulate core holdings for their long-term objectives.
Key Features of Commerce ShareBuilder
- Customers can decide how much to invest - $5 a month, $25 a month, or $100 a month - whatever amount fits their budgets.
- No account or investment minimums and the cost is as low as $4 per transaction.
- Customers can choose the stocks in which they want to invest, how much they want to invest and how they would like to fund their accounts.
- Investment options include one-time stock purchases or recurring fixed amounts at preselected intervals.
Customers can log onto www.commercebank.com and choose from more than 4,000 stocks and over 75 Exchange-Traded Funds to make regular, periodic investments.
"With the market comprised of many young investors, we are hoping Commerce ShareBuilder will give our customers another financial option when it comes to building their investment portfolio," said Kim. "And, we believe this service is tailored to help them create a personalized investment plan that allows them to select the stocks of their choice."
About Commerce Bank
Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $14.1 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:
Lisa Siebert
(816) 234-1930
Website: www.commercebank.com
e-mail: mymoney@commercebank.com
SYMBOL: CBSH
# # #
|
