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Hold (2.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 18, 6:16 PM
Slide #438. Commerce Bancshares, Inc. — Preferred Stock Offering
| Company: |
Commerce Bancshares, Inc. (NASDAQ:CBSH) |
| Date announced: |
6/12/2014 |
| Shares Offered: |
6,000,000 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Commerce Bancshares, Inc. (NASDAQ:CBSH) ("Commerce") today announced the pricing of a public offering of 6,000,000 depositary shares, each representing a 1/1000th interest in its 6.00% Series B non-cumulative perpetual preferred stock, which qualifies as Tier 1 capital. Purchasers of depositary shares will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). The Series B preferred stock has a liquidation preference of $25,000 per share (equivalent to $25.00 per depositary share), or $150 million in the aggregate. The offering is expected to close on June 19, 2014, subject to customary closing conditions. |
Commerce Bancshares is a bank holding company. Through its subsidiary, Commerce Bank, Co. engages in general banking business. Co. is managed in three segments: Commercial, which provides an array of corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services; Consumer, which includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities; and Wealth, which provides trust and estate planning services, brokerage services, and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers. Preferred: CBSHP
 Open the CBSH Page at Preferred Stock Channel »
| Name: |
Commerce Bancshares Inc |
| Website: |
www.commercebank.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding CBSH: |
71 (see which ones) |
| Total Market Value Held by ETFs: |
$1,225,977,979.9 |
| Total Market Capitalization: |
$6,755,000,000 |
| % of Market Cap. Held by ETFs: |
18.15% |
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Open the CBSH Page at Preferred Stock Channel (in a new window) »
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