The Springfield area of Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH) promoted two agents and hired another.
Executive Vice President Keith Noble, who also headed the Springfield business division of Commerce Bank, has been promoted to president. Former market chairman Bob Hammerschmidt has become vice chairman, reporting directly to Springfield area chairman and chief executive Doug Neff, according to a press release.
“Keith and Bob are exceptional bankers and leaders at Commerce Bank and in the community,” said Doug Neff, president and CEO of Commerce’s Springfield area, in the statement. “Brent has established himself as a leading banker with strong client relationships and in-depth knowledge of the bank.
“Together, their leadership will continue to ensure that we provide the highest level of quality banking services to our customers and the community. ”
Noble will continue to work in commercial banking and payment solutions, in addition to his new responsibility to develop and retain customer relationships in the region. Hammerschmidt, who has over 40 years of banking experience, will focus on customer relations and represent Commerce Bank in the community through civic and philanthropic efforts.
The Springfield area of Commerce Bank also hired Brent Baldwin as Noble’s successor for executive vice president and commercial banking division director positions, the statement said. Baldwin comes to Commerce Bank from BancorpSouth Inc. (NYSE BXS), where he was executive vice president of commercial bank, according to his LinkedIn profile.
In 2017, Commerce Bancshares recorded a gain of 16.5% to $ 310.4 million. Last year, the company was eclipsed by Great Southern Bancorp Inc. (Nasdaq: GSBC) in terms of deposits held in the Springfield Metropolitan Statistical Area. As of June 30, Commerce held $ 1.2 billion in deposits, or 12.1% of the MSA, according to data from Federal Deposit Insurance Corp.