Commerce Bank


Overview / Commentary
816-234-2000
1001 Main St.
Kansas City, MO 64105

Commerce Bank is headquartered in KANSAS CITY and is the 2nd largest bank in the state of Missouri. It is also the 68th largest bank in the nation. It was established in 1984 and as of March of 2024, it had grown to 4,507 employees at 160 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

Unprofessional Crooks

Posted by: |

Closed my account months ago and these crooks don't want to pay me my money. Every time I call they keep giving me the runaround or no one responds. This is stressful and frustrating that a company this big that been around so long ignores me while keeping money that doesn't belong to them.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #24998
Year Established1984
Employees4507
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.37%
Return on Equity - YTD17.63%
Annual Interest Income$353.4MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$30.2B$31.85B
LoansQ1 2024vs Q1 2023$17.14B$16.38B
DepositsQ1 2024vs Q1 2023$24.74B$24.94B
Equity CapitalQ1 2024vs Q1 2023$2.41B$2.19B
Loan Loss AllowanceQ1 2024vs Q1 2023$160.5MM$159.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$22.1MM$18.1MM
Real Estate OwnedQ1 2024vs Q1 2023$1.2MM$865K
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
0.05%*$100k*-Premium Money Market Account
OTHER TIERS: 0.01% $0 - $25k | 0.03% $25k - $100k
0.01%$100-myRewards Money Market
0.01%$250$500kMoney Market IRA

Commerce Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.70%*$10k*-11 Month Promotional CD
OTHER TIERS: 0.02% $2.5k - $10k
4.30%*$10k*-18 Month Promotional CD
OTHER TIERS: 0.30% $2.5k - $10k
Locations

Availability

Peoria Area

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