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March 14, 2014
Commerce Bank Reports Results for 2013
Lanny Monroe, President & CEO reported the operating results for 2013. 2013 Net Income for the bank was $1,651,000. Net Income for 2012 was $1,792,000. This translates to a per share earning of $39.58 vs $42.98 for 2012.
The Bank’s 2013 total assets increased to $91,906,000; deposits increased to $80,457,000; and at year-end, the Bank’s capital was $11.02 million.
Mr. Monroe wishes to thank each shareholder and all of the customers of Commerce Bank for their continued support.
December 23, 2013
Commerce Bank management changes announced
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.
September 6, 2013
Commerce Bank Awarded a 5-star Rating by Bauer Financial, Inc.
President Bobby Roberts announced on September 6, 2013, that the bank has again been awarded a 5-Star rating by Bauer Financial, Inc. Bauer Financial, located in Coral Gables, FL, is one of the premier bank rating agencies in the United States. This award was given for the period ending June 2013, and means that our bank is one of the strongest in the nation! Visit the BauerFinancial web site at www.bauerfinancial.com