Published in Breaking News

Missouri-based Commerce Bank to open office in Grand Rapids

BY MiBiz Staff Wednesday, May 04, 2016 03:51pm

St. Louis, Miss.-based Commerce Bank has announced plans to enter Michigan with a Grand Rapids office.

Michael Hollander, a 15-year commercial lender, who previously worked for Fifth Third Bank in Grand Rapids and St. Louis, will lead the new Commerce Bank office as senior vice president. Hollander will oversee operations in a broad regional market that includes Grand Rapids, Holland, Kalamazoo, Lansing and Traverse City.

“We are eager to join the Grand Rapids community and bring our sound legacy and values to an area of like-minded businesses. At Commerce, we believe we are a product of the communities we serve and a partnership of our customers,” said Robert Holmes, president and CEO of Commerce Bank’s St. Louis market. “The success of Commerce, which continues today under fifth and sixth generation family leadership, has been dependent on this relationship-focused approach to doing business and we look forward to serving the Western Michigan business community in this way.”

A subsidiary of Commerce Bancshares Inc. (NASDAQ: CBSH), Commerce Bank has $24.5 billion in assets with 191 branch offices in Missouri, Kansas, central Illinois, Oklahoma and Denver. Commerce also has commercial banking offices in Dallas, Nashville, Tenn., Cincinnati and Des Moines, Iowa.

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