Welcome to our dedicated page for Commerce Bancshares news (Ticker: $CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancshares stock.
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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that Visa Inc. accepted its 823,447 shares of Visa Class B-1 common stock in exchange for Visa Class B-2 and Visa Class C stock, resulting in a $175.5 million gain. The company plans to reposition $1.0 billion worth of debt securities to increase net interest income and improve securities quality.