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KANSAS CITY, MO. – October 21, 2005 – Commerce Bancshares, Inc. announced today that its Board of Directors approved a 5 percent stock dividend. Certificates evidencing the dividend are to be distributed on December 13, 2005 to shareholders of record at the close of business on November 29, 2005. No fractional shares will be issued and shareholders will receive cash for such fractional interests based on the market value of the stock on the record date.
The Board of Directors also declared a regular quarterly dividend of $.24 per share on the Company's common stock payable December 13, 2005 to stockholders of record at the close of business on November 29, 2005. The dividend will not be payable as to any shares to be issued pursuant to the 5% stock dividend which was also declared this date.
The Board of Directors also approved the purchase of up to 5,000,000 shares of company stock. The Company recently completed the repurchase of 5,000,000 shares pursuant to a prior authorization by the Board of Directors.
About Commerce Bancshares, Inc.
Commerce Bancshares, Inc. (NASDAQ: CBSH) is a $13.9 billion regional bank holding company. For more than 139 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. The Company also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.
For more information contact:
Jeffery D. Aberdeen
Controller
(816) 234-2081
www.commercebank.com
mymoney@commercebank.com
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