5 billion in assets and $4.9 billion in liabilities. In addition, on January 1, 2014, TLMR acquired Michigan Commerce Bank , which consists of four former bank subsidiaries of Financial Commerce Corporation that had, in the aggregate, total
and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 200 locations in the central United States. Commerce Bancshares also has operating subsidiaries
sources is mixed, as near-term reductions in credit lines must be balanced against the pending acquisition of Southern Commerce Bank . Upon closing, that purchase will afford NewStar a deposit base and access to the Federal Reserve.
s precarious funding position was somewhat ameliorated by the announcement that it intended to purchase Southern Commerce Bank . NewStar's access to funding should become more certain upon completion of the deal, thanks to the acquired bank
NewStar Financial NEWS has agreed to acquire Florida-based Southern Commerce Bank . The acquisition price will be based on the tangible book value of Southern Commerce on the closing date, but preliminary estimates
Commerce Bancshares CBSH reported very solid second-quarter results. Positives included in-line provision expense and credit losses (up just 0.09% compared to the first quarter), stable nonaccrual loan levels and delinquencies, net interest margin expansion, and a very strong capital position. All
our above-average risk rating. The stock price has dropped substantially since late June, when news broke of two Commerce bank officers' arrests and a pending investigation into the bank's involvement in a "pay-for-play" scandal. Given