Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board
of Directors approved a 5 percent stock dividend payable on December 1,
2008 to shareholders of record at the close of business on November 14,
2008. Shares issued as a result of the stock dividend will be entered by
Direct Registration System on the records of the Company’s
transfer agent, Computershare, and statements reflecting the issuance
will be mailed on December 1, 2008. No fractional shares will be issued
and shareholders will receive cash for such fractional interests based
on the market value of the stock on the record date.
The Board of Directors also declared a regular quarterly dividend of
$0.25 per share on the Company's common stock payable December 1, 2008
to stockholders of record at the close of business on November 14, 2008.
The dividend will not be payable on any shares to be issued pursuant to
the 5 percent stock dividend which was also declared this date.
About Commerce Bancshares, Inc.
Commerce Bancshares Inc. (NASDAQ: CBSH) is a $17.0 billion regional bank
holding company. For more than 140 years, Commerce has been meeting the
financial services needs of individuals and businesses. Commerce
provides a diversified line of financial services, including business
and personal banking, wealth management and estate planning and
investments through its affiliated companies. Commerce operates in the
Midwest, primarily in Missouri, Kansas, Illinois, Oklahoma and Colorado
with approximately 350 locations and also has operating subsidiaries
involved in mortgage banking, credit related insurance, venture capital
and real estate activities.
Commerce Bancshares, Inc.
Jeffery D. Aberdeen, 816-234-2081
Controller
www.commercebank.com
mymoney@commercebank.com
