Kansas City, Mo. – June 24, 2022 – Effective July 1, Rick Heise will join the Commerce Bank executive management committee and assume responsibility for the commercial payments team, which supports clients across the United States by innovating and servicing the very complex ecosystem of payment automation and reconciliation. He succeeds Jeff Burik, senior vice president, director of commercial payments, who will continue to work with Heise until he retires on December 31, 2022.
Burik, a Commerce leader for more than 24 years, joined the executive management committee in 2013. During his tenure, he led the transformation of Commerce’s commercial card services into a national business, developing the sales force and account management team.
“Jeff led Commerce Bank in developing a national corporate card salesforce,” said Kevin Barth, executive vice president, chairman and chief executive officer, Kansas City. “His efforts will benefit Commerce Bank and our shareholders for years to come. I am happy for him as he enters this next chapter.”
In his new role, Heise will lead the growth and expansion of the bank's commercial payments solutions and services portfolio, including commercial card, merchant, treasury and several specialty solutions and teams in key industries like healthcare and insurance. Prior to joining Commerce in 2017, he held leadership roles at Cerner Corporation and Mayo Clinic. Heise was responsible for organic business growth, building new solutions, and leading teams around complex go-to-market strategies at Cerner. While at Mayo Clinic, he held various roles from health administration to internal audit and quality assurance.
“Rick’s deep background in payments and in healthcare position him well to lead our growth in this important part of our overall business,” said John Kemper, president and chief executive officer, Commerce Bancshares. “Rick has worked closely with the CommercePayments® leadership team in recent years, and this transition is the culmination of a deliberate succession planning process. Commerce is fortunate to have great leaders in both Rick and Jeff.”
“I am excited to follow Jeff in leading the commercial payments team,” said Heise. “He has built a strong team and diverse business that positions Commerce well for the future. I look forward to Commerce Bank playing a bigger role in payments automation by simplifying this complex area for our clients. We can help them better meet their customers’ needs by reducing the friction and cost of doing business.” Outside of Commerce, Heise serves on the boards of the Starlight Theatre, Olathe Medical Center and Regalo Rx. He holds a Bachelor of Arts in accounting from the University of Northern Iowa and is a certified public accountant.
About Commerce Bank
With $35 billion in assets1 Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services, including payments solutions, investment management and securities brokerage. Commerce Bank, a subsidiary of Commerce Bancshares, Inc., leverages more than 155 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest, including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
1As of March 31, 2022