Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.
KANSAS CITY, Mo., May 08, 2024--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that Visa Inc. has accepted the company’s tender of its 823,447 shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock.
Commerce Bancshares, Inc.'s ( NASDAQ:CBSH ) investors are due to receive a payment of $0.27 per share on 18th of June...