Commerce Bank to serve as CFMA’s banking and financial services principal partner.
From automated payments to creating profitability and reducing fraud risks, Commerce knows the unique challenges and opportunities facing the construction industry.
Kansas City, MO — May 22, 2024
Commerce Bank is pleased to announce that it is the Construction Financial Management Association’s (CFMA’s) banking and financial services principal partner. With over 10,000 members, Commerce Bank is CFMA’s third principal partner.
When it comes to meeting the construction industry’s unique financial services needs, Commerce Bank has nearly 160 years of experience, combined with the structure and stability to provide robust banking and payments solutions for construction companies. Founded in 1981, CFMA provides construction financial professionals with career development and networking opportunities.
“It is an honor for Commerce to forge this partnership with CFMA,” said Nick Hadley, Senior Vice President -- Engineering and Construction Services Group. “Both of our organizations bring solutions to enhance the success and growth of financial professionals in the construction industry. Leveraging our experience in banking solutions and payments, combined with the educational resources of CFMA, will deliver exceptional value to its members and stakeholders.”
Along with publishing the award-winning CFMA Building Profits, CFMA offers educational, professional and connection programs through its 99 chapters, annual conference and online learning to its membership.
“As the only nonprofit organization dedicated to serving the educational needs of today’s construction financial professionals, CFMA is committed to aligning with partners that share in our mission to serve this industry,” said Neil Shah, President and CEO of CFMA. “We are pleased to welcome Commerce Bank as our banking and financial services principal partner because of their deep experience in providing banking, financial services, and payment solutions that alleviate pain points for our members and their dedication to serving as a knowledgeable resource.”
Commerce Bank leverages decades of construction industry knowledge and experience to provide payables and receivables services to construction companies of all sizes.
“Our construction industry team of banking professionals at Commerce is well versed in providing guidance on a variety of capital structure and financing strategies for organic growth as well as growth through acquisitions,” said Craig Higginbotham, Vice President – National Sales Manager, Construction Payments. “So, whether a construction company has a growth mindset, or just wants to operate more efficiently to increase profits, our goal is to be a trusted advisor for the long haul.”
More information about Commerce Bank and the unique solutions available to its construction customers can be found at commercebank.com/payments.
About Commerce Bank:
With $30.4 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
- As of March 31, 2024
About CFMA
The Construction Financial Management Association (CFMA) is the only nonprofit organization dedicated to serving the needs of today’s construction financial professionals. CFMA provides essential resources, education, and a supportive community for individuals across various sectors within the construction industry. CFMA’s Certified Construction Industry Financial Professional (CCIFP) designation has been the recognized standard of excellence for competent and ethical construction financial management for 20 years. For more information about CFMA, visit www.cfma.org.
