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, 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, mortgage banking, and leasing activities. A list of
Commerce Bancshares, Inc.'s subsidiaries is included as Exhibit 21.
Commerce Bancshares, Inc.