St. Louis, MO – July 26, 2018
– Commerce Bank announces the expansion of its commercial real estate
team with the hiring of Ronald O. Verrilli as senior vice president, permanent placement specialist. Verrilli works closely with relationship managers throughout the bank’s 16-state commercial market footprint, providing clients with debt and equity solutions for the acquisition, refinance, rehabilitation and repositioning of assets.
With more than 20 years of lending experience, including the origination, structuring, underwriting and asset management of complex real estate investments, Verrilli’s hiring deepens Commerce Bank’s lending capabilities in all property categories including retail, office, industrial, hotel, senior housing and multi-family. Additionally, with Verrilli’s addition to the team, Commerce clients can now seamlessly and easily access secondary market options through their Commerce relationship manager, without the additional step of involving an outside broker.
“We’re very excited to welcome Ron to the Commerce Bank lending team,” said Jason Penfield, executive vice president and commercial real estate division manager. “With his network of strong relationships and experience in secondary market solutions, we can serve as a quick and efficient ‘one-stop shop’ for our commercial clients’ diverse financing needs. It’s an enhanced level of service unavailable at most other banks.”
Prior to joining Commerce, Verrilli served as president of Verrilli Real Estate Advisors, where he provided commercial clients with lending resources from capital market providers such as agencies, life companies, conduits, banks and private equity. Verrilli’s extensive experience also includes settling multimillion-dollar lending deals while serving in senior leadership roles at GMAC/Capmark/Berkadia and NorthMarq Capital, all located in St. Louis.
Verrilli earned his bachelor’s degree from the University of Missouri-Columbia. He serves on the advisory board of the Thompson Center for Autism and Neurodevelopmental Disorders, Columbia, MO.
About Commerce Bank
Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $24.5 billion regional bank holding company, as of June 30, 2018. For more than 150 years, Commerce 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