Commerce Bancshares, Inc., a bank holding company as defined in the Bank Holding
Company Act of 1956, as amended, was incorporated under the laws of Missouri on
August 4, 1966. Through a second tier wholly-owned bank holding company, it owns
all of the outstanding capital stock of Commerce Bank (the "Bank"), which is
headquartered in Missouri. The Bank engages in general banking business,
providing a broad range of retail, mortgage banking, corporate, investment,
trust, and asset management products and services to individuals and businesses.
Commerce Bancshares, Inc. also owns, directly or through the Bank, various
non-banking subsidiaries. Their activities include private equity investment,
securities brokerage, insurance agency, and leasing activities. A list of
Commerce Bancshares, Inc.'s subsidiaries is included as Exhibit 21.
Commerce Bancshares, Inc.