About Commerce Bancshares
Commerce Bank serves as a community bank in the Worcester and Boston areas. Commerce offers middle-market lending, specialty finance services, and maintains relationships with multiple Payroll Service Bureau customers.
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Latest Commerce Bancshares News
Nov 23, 2022
Commerce Bancshares, a St. Louis-based bank holding company, is moving its 30-adviser, $4.4 billion wealth management business to LPL Financial’s institutional services broker-dealer and advisory platform. The business unit, Commerce Financial Advisors, currently operates as a division of Commerce Brokerage Services, which is a subsidiary of Commerce Bank. “LPL is the right partner to help us meet and exceed our client’s investment goals,” John Handy, CEO of Commerce Trust, said in a statement. “LPL’s integrated wealth management platform and focus on user experience will provide tremendous value to our advisors and allow them to deliver an advanced service experience to our clients.” LPL has focused in recent years on winning business from banks and credit unions. Last year it added the retail securities business of M&T Bank, with $20 billion in AUM, and CUNA Brokerage Services, the broker-dealer unit of the insurer, with $36 billion in assets.
Commerce Bancshares Frequently Asked Questions (FAQ)
When was Commerce Bancshares founded?
Commerce Bancshares was founded in 1955.
Where is Commerce Bancshares's headquarters?
Commerce Bancshares's headquarters is located at 386 Main Street, Worcester.
What is Commerce Bancshares's latest funding round?
Commerce Bancshares's latest funding round is Acquired.
Who are the investors of Commerce Bancshares?
Investors of Commerce Bancshares include Berkshire Hills Bancorp.
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