Commerce Bancshares, Inc. - Common Stock (CBSH)

Competitors to Commerce Bancshares, Inc. - Common Stock (CBSH)

First Midwest Bancorp, Inc.

First Midwest Bancorp is another regional bank that competes with Commerce Bancshares, particularly in the areas of commercial banking and wealth management services. Both banks leverage their local knowledge to cater to the needs of regional clients, emphasizing personalized relationships and tailored services. While First Midwest has been expanding its footprint through acquisitions, Commerce remains strong in its core territories, providing robust competition through solid financial performance and customer loyalty.

Huntington Bancshares Incorporated 

Huntington Bancshares is a significant competitor of Commerce Bancshares, mainly in the Midwestern banking market. Both institutions prioritize customer service and community connection, competing for small to midsize businesses and retail banking customers. Huntington Bancshares has distinguished itself with its strong focus on technology, driving innovations in online and mobile banking that attract tech-savvy users, somewhat challenging Commerce's traditional service model. However, Commerce’s solid market presence and established relationships offer a counterbalance.

Regions Financial Corporation 

Regions Financial operates primarily in the Southeastern United States and competes with Commerce Bancshares by offering a vast array of financial products that include a widespread branch network and robust online services. They both feature competitive interest rates and fees, but Regions has a larger geographical footprint and resources that allow for significant scale. Commerce, however, benefits from its strong reputation and community involvement, appealing to customers seeking a more personalized banking experience.

UMB Financial Corporation 

UMB Financial competes directly with Commerce Bancshares by offering a range of financial services including commercial banking, investment management, and personal banking. Both companies serve similar customer segments and focus on providing high-quality service tailored to local markets. (Commerce Bancshares primarily operates in the Midwest.) UMB's strong emphasis on customer service and innovative digital banking solutions enables it to retain a loyal customer base, which positions it as a formidable competitor.