Commerce Bancshares, Inc. -- Moody's assigns shelf ratings and Baa1(hyb) non-cumulative preferred stock rating to Commerce Bancshares

New York, June 13, 2014 -- Moody's assigned shelf ratings and a non-cumulative preferred stock rating to Commerce Bancshares, Inc. (CBSH, commercial paper rating of Prime-1). The following shelf ratings were assigned: cumulative preferred stock of (P)A3 and non-cumulative preferred stock of (P)Baa1. In the same rating action, Moody's assigned a rating of Baa1(hyb) to CBSH's non-cumulative perpetual preferred stock. The outlook on the non-cumulative preferred stock rating is stable, consistent with the outlook on the ratings of CBSH's lead bank, Commerce Bank (standalone bank financial strength rating of B, which maps to a baseline credit assessment of aa3, and Aa3/Prime-1 on the bank's long and short-term deposits, respectively).

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