St. Louis, MO - May 17, 2017 - The Commerce Trust Company has been named the largest local1 trust company by the St. Louis Business Journal. Commerce Trust was ranked number one among a list of nine other area trust companies. Companies were ranked by local assets under management as of December 31, 2016.
"This ranking reflects our commitment to our clients and to growing and building relationships in the St. Louis area," said Ray Stranghoener, chairman and CEO, The Commerce Trust Company. "Our unique ability to offer nationally competitive resources with boutique-style service allows us to deliver a world-class and tailored experience for our clients. We truly value the relationships weve been fortunate to build over many years in St. Louis, and look forward to serving the needs of future clients."
Commerce Trust manages more than $26 billion in assets2 companywide and is nationally ranked at number 22 by SNL Financial for assets under management3. Commerce Trust is one of the largest wealth management firms in the Midwest and has been serving clients since 1906. The full list by the St. Louis Business Journal can be found here:http://bizj.us/1p6h3l.
As of March 31, 2017, The Commerce Trust Company was responsible for the administration of more than $44.5 billion of total client assets.
Since 1906, Commerce Trust has been a leading source of tailored asset management, creative private banking and comprehensive trust services for individuals, families, corporate executives, and business owners. In addition, Commerce Trust serves a variety of institutional clients with customized investment programs as well as sole-source solutions for all of their financial needs.
The Commerce Trust Company is a division of Commerce Bank.
For additional information, please visit www.commercetrustcompany.com.
1. Local is defined as St. Louis, St. Charles, Lincoln, Warren Franklin and Jefferson counties and the city of St. Louis in Missouri; and St. Clair, Madison, Jersey, Clinton, Calhoun, Macoupin, Bon and Monroe counties in Illinois.
2. As of March 31, 2017
3. As of December 31, 2016