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Commerce Bancshares, Inc. Announces Completion of Its Merger with Summit Bancshares Inc

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Commerce Bancshares, Inc. Announces Completion of Its Merger with Summit Bancshares Inc Powered By Docstoc
					
				
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posted:8/31/2013
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Description: KANSAS CITY, Mo. & TULSA, Okla.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that the shareholders of Summit Bancshares Inc., parent company of Summit Bank, have approved the merger of Summit Bancshares Inc. (Summit) into a wholly owned subsidiary of Commerce Bancshares, Inc., effective September 1. Summit has total loans of $206 million and total deposits of $230 million and the transaction will be valued at approximately $44 million in Commerce Bancshares stock. Wi
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