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CBSH > SEC Filings for CBSH > Form 8-K on 3-Sep-2013All Recent SEC Filings

Show all filings for COMMERCE BANCSHARES INC /MO/

Form 8-K for COMMERCE BANCSHARES INC /MO/


3-Sep-2013

Other Events


Item 8.01 Other Events

Commerce Bancshares, Inc. ("Commerce") and Summit Bancshares Inc. ("Summit") completed the acquisition of Summit through a merger of Summit into a wholly-owned subsidiary of Commerce. Immediately after the consummation of that merger, Summit Bank, a wholly-owned subsidiary of Summit, was merged with and into Commerce Bank, a wholly-owned subsidiary of CBI-Kansas, Inc. The transaction, valued at approximately $44 million in Commerce stock, became effective on September 1, 2013. Commerce's acquisition of Summit adds approximately $206 million in loans and $230 million in total deposits. On August 30, 2013, Commerce and Summit issued a joint press release announcing approval of the merger by the shareholders of Summit. A copy of the press release is attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Joint Press Release dated August 30, 2013. .

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