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Commerce was founded by Francis Reid Long with $10,000 in capital in 1865, just as communities were rebuilding during post-Civil War Reconstruction. Originally known as the Kansas City Savings Association, it was acquired in 1881 by Dr. William Stone Woods and renamed the National Bank of Commerce, claiming at the time to be the largest bank west of Chicago. [5]
Bank of America: U.S. Trust Corporation: Bank of America Private Wealth Management: Bank of America: 2007 M&T Bank: Partners Trust Financial Group: M&T Bank: M&T Bank: 2008 TD Banknorth: Commerce Bancorp: TD Bank, N.A. $8.5 billion TD Bank, N.A. 2008 JPMorgan Chase: Bear Stearns: JPMorgan Chase: $236 million [39] JPMorgan Chase & Co. 2008 Bank ...
Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
Company insiders, including board members and corporate executives, own a further 0.06% of the outstanding common stock. And the public at large owns the remaining 39%. Institutional investors
Clover is a cloud-based Android point of sale platform that was launched in April 2012.The company is headquartered in Sunnyvale, California, United States.As of the quarter ended September 2020, Clover processed $133 billion of annualized card transactions worldwide, making it the largest U.S. cloud POS firm.
Commerce Bancshares, a bank based in Missouri, with branches in numerous Midwestern states; Commerce Bank, a subsidiary of Commerce Bancshares; Commerce Bank & Trust Company, Worcester, Massachusetts; Commerce Bank Harrisburg, an independent franchise of Commerce Bancorp in Harrisburg, Pennsylvania, U.S.
August 13, 1998 - Community First Banking Company and its subsidiary Tinton Falls State Bank became Commerce Bank/Shore. September 17, 1998 - Prestige Financial Corp. and its subsidiary, Prestige State Bank became Commerce Bank/Central; July 25, 2005 - Palm Beach County Bank established Commerce Bank in Southeast Florida.
In 1991, the bank expanded to California by acquiring Plaza Commerce Bancorp and InBancshares. [10] In 1992, the bank merged with a similarly sized Detroit-based bank, Manufacturers National Corporation. [11] [12] The merger of Comerica and Manufacturers created one of the country's 25 largest bank holding companies. [13]