Kansas City, Mo. – January 13, 2022 – Amanda Z. Eldridge, CLU®, ChFC®, has joined Commerce Trust, a division of Commerce Bank, as senior vice president, sales manager of insurance premium finance. In this role, she will lead business development efforts to grow the firm’s insurance premium finance practice to assist high net-worth clients and prospects in meeting their unique liquidity needs.
Based in Austin, Texas, Amanda has nearly 15 years of experience in premium finance and has collaborated with numerous life insurance carriers, firms and brokers, as well as professional organizations. Prior to joining Commerce Trust, she served as southwest region vice president at Wintrust Life Finance where her responsibilities included business development, carrier relations and competitive intelligence.
“We are truly excited to welcome Amanda to the team,” said Andrew Kaplan, executive vice president and director of private banking – west region, Commerce Trust. “Amanda’s extensive experience in insurance premium finance positions her well to lead our growth efforts in this important component of our business strategy.”
Insurance premium financing can be a powerful tool for high-net worth individuals to utilize credit in their wealth and business succession planning process. It allows clients the life insurance they need while maintaining access to their personal capital and liquidity.
“I am grateful for the opportunity to join Commerce Trust and to help build upon the successes the team has experienced to date in the insurance premium finance space,” said Eldridge.
Eldridge earned a bachelor’s degree in mathematics with a concentration in actuarial science and business from the University of Texas at Austin. She holds both Chartered Life Underwriter® and Chartered Financial Consultant® designations. In addition, she is a longtime member of the Junior League of Austin.
About Commerce Trust
Since 1906, Commerce Trust, a division of Commerce Bank, has been a leading provider of investment management, financial planning, trust and private banking services. Administering more than $58 billion in assets, Commerce Trust provides a full range of wealth and investment planning services for individuals and institutions to help clients achieve their long-term financial goals.*
*As of June 30, 2022
Commerce Trust does not provide tax advice or legal advice to customers. Consult a tax specialist regarding tax implications related to any product and specific financial situation.
About Commerce Bancshares, Inc.
With $32.6 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a registered bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, 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.
1. As of September 30, 2022