The Board of Directors of Commerce Bancshares, Inc., parent company of
Commerce Bank, N.A., announced today the appointment of Charles G. Kim
(age 48) to chief financial officer (CFO) effective July 1, 2009. As
part of the overall succession planning process, current CFO, A. Bayard
Clark (age 63), announced his plans to retire in January 2010. He will
relinquish his position as CFO effective July 1, 2009 and will continue
as an officer of the company in an advisory capacity until his
retirement date.
Kim, an executive vice president of the company since 1995, has
responsibility for strategic planning, the retail line of business, and
the consumer and corporate card business. Kim also serves as chairman of
Commerce Brokerage Services, Inc., chairman of Commerce Mortgage
Corporation and as a director of Commerce Bank, N.A. Kim joined the
company in 1982.
In making this announcement, David W. Kemper said, “Chuck Kim has ably
served our company in numerous line roles, and thus, is well prepared to
assume these additional responsibilities. We are delighted to have the
opportunity to fill this important role with a strong internal candidate
who has been part of crafting our strategic vision.”
Kim is actively involved in community and business organizations
including the boards of Logan College of Chiropractic, Junior
Achievement of Mississippi Valley, and the Missouri Baptist Hospital
Community Advisory Board. He graduated from the Washington University
Executive MBA program in 1992 and was a 1982 graduate of Washington
University with a Bachelor of Science in Business Administration.
About Commerce Bank
Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc.
(NASDAQ: CBSH), a $17.9 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 currently operates in 370 locations in Missouri,
Illinois, Kansas, Oklahoma and Colorado. Commerce also has operating
subsidiaries involved in mortgage banking, leasing, credit-related
insurance, venture capital and real estate activities.
For additional information, please visit www.commercebank.com
or email mymoney@commercebank.com.
Commerce Bancshares, Inc.
Jeanne Howard, 314-746-3672
Director
of Regional Marketing
jeanne.howard@commercebank.com
