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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]
Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo: 1964 National Bank of Commerce Texas National Bank Texas National Bank of Commerce Houston (Later, Texas Commerce Bank) JPMorgan ...
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 ...
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
We retain our enthusiasm for the long-term prospects of equities in general, and our broadly diversified portfolios of what we believe to be undervalued stocks in particular, notes Chris Quigley ...
While NationsBank was the nominal survivor, the merged bank took the better-known name of Bank of America. Hence, the holding company was renamed Bank of America Corporation, while NationsBank, N.A. merged with Bank of America NT&SA to form Bank of America, N.A. as the remaining legal bank entity. [39]
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.
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