Commerce Bancshares, Inc. Declares Cash Dividends on Common and Preferred Stock

KANSAS CITY, MO, July 28, 2017 – Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.225 per share on the Company's common stock payable September 25, 2017, to stockholders of record at the close of business on September 8, 2017.

Also today the Board of Directors approved a dividend of $0.375 per depositary share on the Company’s Series B non-cumulative perpetual preferred stock (NASDAQ: CBSHP) payable September 1, 2017, to stockholders of record at the close of business on August 11, 2017.

About Commerce Bancshares, Inc.

Commerce Bancshares, Inc. (NASDAQ: CBSH), is a regional bank holding company with $25.1 billion in assets, as of June 30, 2017. For more than 150 years, Commerce Bank, a subsidiary of Commerce Bancshares, Inc., has been meeting the financial services needs of individuals and businesses. Commerce provides a full range of financial products to consumer and commercial customers, including personal banking, lending, mortgage banking, wealth management, brokerage and capital markets services. Commerce operates in approximately 330 locations in the central United States and has a nationwide presence in the commercial payments industry.

For additional information, please visit www.commercebank.com.