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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]
Commerce also contracted with entities controlled by Vernon Hill and his family for interior design (InterArch, owned by Vernon Hill’s spouse) and real estate (Vernon Hill was a personal investor in Commerce’s rent-generating properties; and his son earned brokerage commissions when his private firm found properties for new Commerce branch ...
Including predecessor Bank of North America, the first bank in the United States First Union Corporation: Wells Fargo: 1998 NationsBank Corp. BankAmerica Corp. Bank of America Corp. Bank of America: 1998 Golden State Bancorp: First Nationwide Holdings, Inc. Golden State Bancorp: $5.8 billion Citigroup: 1998 Norwest Corporation: Wells Fargo Corp ...
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
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. Commerce Bank & Trust of Topeka, former name of CoreFirst Bank & Trust, Topeka, Kansas; Commerce National Bank, Columbus, Ohio
A bank holding company is a corporate entity that owns a controlling interest in one or more banks. While a bank holding company doesn’t offer banking services directly, it manages banks that do.
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Bank of America was ranked No. 25 on the 2020 Fortune 500 rankings of the largest US corporations by total revenue. [10] Likewise, Bank of America was also ranked No. 6 on the 2023 Global 2000 rankings done by Forbes. [11] Bank of America was named the "World's Best Bank" by the Euromoney Institutional Investor in its 2018 Awards for Excellence ...