News and Updates

Hull Davis, Chairman of the Board of Directors of Commerce Bank announced that effective
1/1/2014 two of the bank’s executive officers were promoted to new positions within the bank.
Bobby Roberts was promoted to Vice Chairman of the Board of Directors and Lanny Monroe was promoted
to President, CEO and Director of Commerce Bank.

Bobby Roberts, a Corinth banker for over 40 years, was an organizing Director of Commerce National
Bank and has served as the Bank ‘s President since it opened in January 1999. In May 2010 he was
promoted to CEO and has served as President and CEO for the past 2 1/2 years. As Vice-Chairman , he
will continue to serve on the Board of Directors and will serve as the Bank ‘s senior lending

Lanny Monroe joined Commerce Bank in 2001 as EVP, CFO and Chief Investment Officer. Prior
to joining Commerce Bank he worked for National Bank of Commerce from 1973 to 1997 where
he served as EVP, Chief Investment Officer and a senior lending officer. From 1997 to 2001 he
worked at Trustmark National Bank as EVP and loan officer. With 40 years of banking and executive
experience, Lanny is well qualified to serve as the Bank’s President and CEO.