ST. LOUIS -- (Business Wire)
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
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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Commerce Bancshares, Inc.
Molly Hyland, 314-746-3657
Source: Commerce Bancshares, Inc.