Commerce Bancshares, Inc. Board of Directors Names John W. Kemper President and Chief Operating Officer

  Commerce Bancshares, Inc. Board of Directors Names John W. Kemper President
  and Chief Operating Officer

Business Wire

ST. LOUIS -- February 8, 2013

The Commerce Bancshares, Inc. board of directors today named John W. Kemper
president and chief operating officer of Commerce Bancshares, Inc. In this
position, Kemper will have responsibility for directing the company’s strategy
and line operations, working closely with market and business line leadership.
David W. Kemper, chairman of the board and chief executive officer of Commerce
Bancshares, Inc., made the announcement.

John Kemper, President and Chief Operating Officer (Photo: Business Wire)

John Kemper, President and Chief Operating Officer (Photo: Business Wire)

Since joining Commerce in 2007, John Kemper has served in a number of roles,
leading bank strategy and M&A overseeing the bank’s credit card businesses;
and serving as chairman of Capital for Business, the bank’s private equity
subsidiary. Most recently, as Commerce Bancshares’ chief administrative
officer, he assumed overall responsibility for bank credit and non-credit
risk, legal, compliance and human resources.

“Over the last six years, John has distinguished himself by steering strategic
planning for the company and by directly overseeing many of Commerce’s key
growth areas,” David W. Kemper said. “John has shown strong leadership in
working with all of our markets, lines of business, and internal support
services and, as such, is well suited to undertake this new role and
challenge.”

“I am honored to serve Commerce Bank in this role,” John Kemper said. “In this
challenging time for the banking industry, Commerce is uniquely well
positioned to navigate regulatory and economic change. We believe our bank’s
super community model will continue to allow us to serve the communities where
we live and work, and to do it with industry leading products and
capabilities. We at the bank are all looking forward to a bright future, and
I’m glad to help contribute to our success.”

Prior to joining Commerce, John Kemper worked as an engagement manager with
the New York and Chicago offices of McKinsey & Co., a consultancy. There, he
served blue chip clients in the financial services sector on a variety of
strategy and operations projects.

Kemper has a B.A. in history and political science from Stanford University, a
Master of Science degree in economic history from the London School of
Economics, and an MBA from the Kellogg School of Management at Northwestern
University in Chicago.

About Commerce Bank

Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a
$22.2 billion regional bank holding company. For more than 145 years, Commerce
Bank has been meeting the financial services needs of individuals and
businesses. Commerce Bank provides a diversified line of financial services,
including business and personal banking, wealth management, financial
planning, and investments through its affiliated companies. Commerce Bank
operates in more than 360 retail locations in the Central United States and
has a nationwide presence in the commercial payments industry. Commerce
Bancshares also has operating subsidiaries involved in mortgage banking,
leasing, credit-related insurance, and private equity and real estate
activities.

For additional information, please visit www.commercebank.com.

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Contact:

Commerce Bancshares, Inc.
Molly Hyland, 314-746-3657
Molly.hyland@commercebank.com
or
Maura Schnoebelen, 314-746-8567
Maura.schnoebelen@commercebank.com
 
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