Commerce Bank


Overview / Commentary
816-234-2000
1001 Main St.
Kansas City, MO 64106

Commerce Bank is headquartered in KANSAS CITY and is the 2nd largest bank in the state of Missouri. It is also the 69th largest bank in the nation. It was established in 1984 and as of March of 2023, it had grown to 4,489 employees at 165 locations. Commerce Bank has a B health rating.

Choose Commerce Bank!

Posted by: |

Commerce Bank is my first and only bank. It is great. They have no hidden fees and great customer service. Their employees are friendly and very helpful. I chose this bank when I opened my very first checking account and they have been so good to me every step of the way. This bank makes me feel like a team member, not just a customer and I trust them with my fund whole-heartedly. I am so happy that out of all the banks that were suggested to me, I chose Commerce.

Commerce Bank Summary:

Posted by: |

I have banked with Commerce since I was a child, where I opened a savings and checking account for the first time. The bank is very responsive to my concerns, which mostly relate to charges and other balance maintenance requirements on savings and checking accounts. However, as the world has adapted to the growing business of being online, Commerce Bank is farther behind. Their savings and checking accounts no longer offer the convenience that a local bank could provide 10-15 years ago, and their online offerings are subpar. They recently offered check deposit via mobile app, but it comes with a fee. In general, the online offerings have been trying to catch up to other banks, and, in my opinion, are subpar compared to what you may get elsewhere. While I love my local Commerce bank, I simply wish its products could match its service and the local, small-town bank vibe that it offers.

Commerce bank

Decent bank, customer service was great several years ago but has become quite bad the last few years. Very few atms make it hard not to get charged fees when you are out of your particular city, thus accumalating alot of fees. Online seems great, quick to use and usually pretty accurate

Rude And Arrogant Employees

Posted by: |

Commerce was supposed to close an account. They didn't and it racked up fees. They closed the account, never notified me. I got on some list banks use to not let anyone bank anywhere. I paid it off to get off list. It was only $200. After years Commerce won't let me open another account. I have a business account there. A branch manager was so condescending. He told me no then goes do you want to close the business account today. He basically told me Commerce doesn't want my business. I have some direct deposits coming in in a few days so I couldn't on the spot so he goes okay and got up. I couldn't believe how unprofessional and dismissive he was. He made it out like I was a criminal. He will get his wish. I will leave Commerce!

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Health

Health Grade Components

Overall
FDIC Certificate #24998
Year Established1984
Employees4489
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.48%
Return on Equity - YTD22.39%
Annual Interest Income$306.5MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$31.85B$34.84B
LoansQ1 2023vs Q1 2022$16.38B$15.33B
DepositsQ1 2023vs Q1 2022$24.94B$29.55B
Equity CapitalQ1 2023vs Q1 2022$2.19B$2.53B
Loan Loss AllowanceQ1 2023vs Q1 2022$159.3MM$134.7MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$18.1MM$15.8MM
Real Estate OwnedQ1 2023vs Q1 2022$865.00K$2.1MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Commerce Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%*$25k*-Premium Money Market Account
OTHER TIERS: 0.01% Up to $25k
0.01%$100-myRewards Money Market
0.01%$250$500kMoney Market IRA

Commerce Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--CommerceInterest Checking
0.01%--CommerceRelationship Checking

Commerce Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-5 Year CD
0.05%$1k-2 Year CD
0.05%$1k-3 Year CD
0.05%$1k-4 Year CD
0.03%$1k-1 Year CD
0.02%$2.5k-6 Month CD
0.01%$2.5k-3 Month CD
Locations

Availability

Kansas City Area

Interactive local rates map


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