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St. Louis, MO, February 1, 2008 -- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.25 per share on the company's common stock which represents a 5% increase over the prior dividend of $0.238 per share as adjusted for the 5 percent stock dividend paid on December 13, 2007. This marks the 40th consecutive year the company has increased total dividends per share. The dividend is payable on March 28, 2008 to stockholders of record at the close of business on March 10, 2008.
The Board of Directors also approved the additional purchase of up to 1,579,156 shares of company stock. This, coupled with the shares left to be purchased under the prior authorization will provide the company with authority to repurchase 3,000,000 shares.
About Commerce Bancshares, Inc.
Commerce Bancshares Inc. (NASDAQ: CBSH) is a $16.2 billion regional bank holding company. For more than 140 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning and investments through its affiliated companies. Commerce operates in the Midwest, primarily in Missouri, Kansas, Illinois, Oklahoma and Colorado with more than 350 locations and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.
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For additional information contact:
Jeffery Aberdeen, Controller
at PO Box 419248, Kansas City, MO
or by telephone at (816) 234-2081
Web Site: http://www.commercebank.com
Email: mymoney@commercebank.com
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