Who are Commerce Bancshares's competitors, and what are the alternatives?
Commerce's 2025 10-K, filed February 24, 2026, lists banks, credit unions, brokerage, mortgage, insurance and trust companies, private equity firms, leasing companies, financial technology companies and e-commerce companies among its competitors, and says it holds about 10% of deposits in Kansas City and about 7% in St. Louis, its two largest markets, from 140 branches across Missouri, Kansas, central Illinois, Tulsa, Oklahoma City and Denver. FDIC data for June 30, 2025 put UMB, headquartered a few miles away, first in Kansas City by booked deposits, with U.S. Bancorp and Bank of America next behind Commerce; in St. Louis, Stifel's headquarters-booked deposits, U.S. Bancorp and Bank of America lead, with Enterprise Financial and Regions behind Commerce. Central Bancompany plans eight new branches in St. Louis, Kansas City and Denver. In Oklahoma, BOK Financial is the largest institution with 14% of state deposits. Commerce's commercial segment, which earned 48% of segment pre-tax income in 2025, is where non-banks bite: its $9.9 billion of commercial card volume competes with U.S. Bancorp, one of the largest corporate card providers, and with corporate-card fintechs, Ramp and Brex, now part of Capital One. In wealth, Commerce Trust's $81.6 billion of client assets meets St. Louis-based Stifel, whose 10-K counts more than 2,200 financial advisors.[1][2][3][4][5][6][7][8][9][10]
Data as of Oct 20, 2026 · Commerce profile updated Oct 19, 2026 · computed tables recalculate from the 140 bank profiles on this site · Markdown
What does Commerce say about its competition?
"The Company operates in the highly competitive environment of financial services. The Company regularly faces competition from banks, credit unions, brokerage companies, mortgage companies, insurance companies, trust companies, private equity firms, leasing companies, securities brokers and dealers, financial technology companies, e-commerce companies, investment management companies, and other companies providing financial services. Some of these competitors are not subject to the same regulatory restrictions as domestic banks and bank holding companies. Some other competitors are significantly larger than the Company, and therefore have greater economies of scale, greater financial resources, higher lending limits, and may offer products and services that the Company does not provide."[1]
"The Company competes by providing a broad offering of products and services to support the needs of customers, matched with a strong commitment to customer service. The Company also competes based on quality, innovation, convenience, reputation, industry knowledge, and price. In its two largest markets, the Company has approximately 10% of the deposit market share in Kansas City and approximately 7% of the deposit market share in St. Louis."[1]
From the risk factors of the same 10-K: "As consolidation occurs, larger regional and national banks may enter the Company's markets and add to existing competition. Large, national financial institutions have substantial capital, technology and marketing resources. These new competitors may lower fees to grow market share, which could result in a loss of customers and lower fee revenue for the Company." And: "Many of the Company's competitors have substantially greater resources to invest in technological improvements." (2025 Form 10-K, filed February 24, 2026.)[1]
Who competes with Commerce in each of its businesses?
| Business line | Competitor | Type | Why it competes |
|---|---|---|---|
| Home region: Kansas City, St. Louis and the lower Midwest | UMB Financial | Bank | Headquartered in Kansas City, Missouri, UMB held 35.7% of Kansas City MSA deposits by FDIC data (June 30, 2025), much of it booked at its headquarters, against Commerce's 10.0%; its Heartland deal took it from 93 to 193 branches and from 8 to 13 states.[11][2][12] |
| Home region: Kansas City, St. Louis and the lower Midwest | U.S. Bancorp | Bank | Holds 13.0% of St. Louis MSA deposits through 73 branches and 5.5% of Kansas City's through 38 (FDIC, June 30, 2025), more branches in St. Louis than any other bank in the top 12.[3][2] |
| Home region: Kansas City, St. Louis and the lower Midwest | Central Bancompany | Bank | Missouri-based Central Bank names Kansas City, St. Louis, Denver, Tulsa and Oklahoma City as expansion markets, all Commerce markets, and plans eight new branches in St. Louis, Kansas City and Denver; it held 2.8% of Kansas City deposits with 47 branches (FDIC).[4][2] |
| Home region: Kansas City, St. Louis and the lower Midwest | Enterprise Financial Services | Bank | Headquartered in Missouri with most loans in the St. Louis and Kansas City areas among others, Enterprise held 4.0% of St. Louis MSA deposits (FDIC, June 30, 2025), fifth behind Commerce.[13][3] |
| Home region: Kansas City, St. Louis and the lower Midwest | BOK Financial | Bank | In Tulsa and Oklahoma City, where Commerce has offices, BOK Financial holds 33% and 13% of deposits and is the largest institution in Oklahoma with 14% of state deposits; it also has about 1% in Kansas City (FDIC data cited in its 10-K).[5][1] |
| Home region: Kansas City, St. Louis and the lower Midwest | Regions Financial | Bank | Runs 59 branches in the St. Louis MSA with 3.4% of deposits (FDIC, June 30, 2025), the second-largest St. Louis branch count after U.S. Bancorp among the top banks.[3] |
| Retail deposits, checking and everyday digital banking | Bank of America | Bank | Holds 12.5% of St. Louis and 5.4% of Kansas City deposits (FDIC, June 30, 2025), a large national bank of the kind Commerce's 10-K says has substantial capital, technology and marketing resources; 60 million clients use its digital tools.[3][2][1][14] |
| Retail deposits, checking and everyday digital banking | Chime | Fintech | One of the financial technology companies Commerce's 10-K names as a competitor class; Chime claims a significant cost advantage over traditional banks by avoiding branches, and had 10.4 million active members at June 30, 2026.[1][15][16] |
| Retail deposits, checking and everyday digital banking | Credit unions in the footprint | Credit union | Commerce's 10-K lists credit unions among the competitors it regularly faces, and notes that some competitors are not subject to the same regulatory restrictions as banks.[1] |
| Commercial cards, payables and receivables | U.S. Bancorp | Bank | U.S. Bancorp's 10-K calls it one of the largest providers of corporate and purchasing card services in the United States; Commerce reported $9.9 billion of commercial card volume in 2025 and sells purchasing and virtual cards through CommercePayments.[7][6][17] |
| Commercial cards, payables and receivables | Ramp | Fintech | Ramp sells corporate cards with AI agents for accounts payable and, since September 2026, an Accounts Receivable product that drafts invoices, prepares collections reminders and matches payments, the same jobs as Commerce's receivables automation for clients.[18][8][19] |
| Commercial cards, payables and receivables | Brex (Capital One) | Fintech | Brex's commercial card and AI agents became Fifth Third's default commercial card in December 2025, and Capital One completed its purchase of Brex on April 7, 2026 with about 35,000 clients, putting a large bank behind a corporate-card fintech.[20][9] |
| Commercial cards, payables and receivables | Square (Block) | Payments company | Block's 10-K lists banks that provide payment processing among Square's competitors; Commerce's commercial segment sells merchant card products and processed $8.1 billion of merchant volume in 2025.[21][1][6] |
| Wealth management, trust and brokerage | Stifel Financial | Broker or asset manager | Headquartered in St. Louis, Stifel calls itself a full-service wealth management and investment banking firm with more than 2,200 financial advisors in 402 branch offices; its 10-K says it faces increasing competition from commercial banks.[10] |
| Wealth management, trust and brokerage | UMB Financial (wealth and asset servicing) | Bank | UMB's 10-K lists investment advisors, asset managers, mutual funds and trust companies among its competitors and says investment advisory services compete on returns, expenses and reputation; Commerce Trust administers $81.6 billion of client assets.[11][6] |
| Wealth management, trust and brokerage | BOK Financial (wealth) | Bank | BOK Financial's 10-K names investment advisory firms, brokerage firms and investment companies among its competitors; its trust team uses Vanilla for initial trust reviews, an area where Commerce says it is actively exploring AI tools.[5][22][23] |
| Middle-market advisory and capital markets | Stifel (investment banking) | Broker or asset manager | Commerce bought Nolan & Associates, a St. Louis middle-market investment bank, closing October 1, 2026; Stifel, also based in St. Louis, describes itself as one of the nation's leading investment banking firms.[24][25][10] |
How do the AI and digital offerings of Commerce's competitors compare?
Commerce first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.
| Company | AI or digital offering | On the record (our profiles) | Latest dated AI move |
|---|---|---|---|
| Commerce Bancshares (this page) | Enterprise data strategy with an AI pillar; receivables automation for commercial clients[23][19][26][27] | Index 34 (#84); 10 use cases, 6 in production | Nolan & Associates acquisition completed (Oct 1, 2026)[25] |
| UMB Financial | AI named in the board risk committee's remit; seven AI mentions in its FY2025 10-K[28][11] | Index 47.9 (#61); 10 use cases, 9 in production | 'Playing with the big boys' (Aug 20, 2026)[29] |
| U.S. Bancorp | Smart Assistant: 2.5 million uses a month[30] | Index 81.3 (#18); 18 use cases, 16 in production | Venkatachari: from proving AI to industrializing it (Oct 7, 2026)[31] |
| Central Bancompany | Personetics AI-driven money-management insights in its mobile app[32] | Index 24.7 (#95); 11 use cases, 8 in production | Q2 2026 10-Q: $12 million of core modernisation capitalised (Aug 14, 2026)[33] |
| Enterprise Financial Services | Automation journey on the existing technology framework[34][35][36][37] | Index 34.4 (#83); 13 use cases, 10 in production | First banking partner in the AppFolio Stack Marketplace (Aug 6, 2026)[38] |
| BOK Financial | Vanilla AI for initial trust reviews (vendor reports about four hours saved per review)[22] | Index 41.8 (#69); 6 use cases, 4 in production | 18th for customer reputation (Aug 17, 2026)[39] |
| Regions Financial | In-house native app (July 2025) with personalized insights (July 2026); 2.7 million active mobile users[40][41][42] | Index 83.8 (#15); 15 use cases, 13 in production | Core deposits planned for 2027 (Oct 6, 2026)[43] |
| Bank of America | Erica virtual assistant: more than 24.6 million clients helped[14] | Index 97.3 (#1); 18 use cases, 16 in production | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026)[44][45][46] |
| Chime | Jade, an in-app AI financial partner available to some members[47] | 8 use cases, 6 in production | Agreement to acquire Stride Bank (Sep 8, 2026)[48] |
| Credit unions in the footprint | Not disclosed | No profile | Not disclosed |
| Ramp | Three AI agents in Accounts Receivable; median 36 hours from invoice sent to paid (September 2026)[8] | 10 use cases, 5 in production | $1.85 billion at a $60 billion valuation (Oct 15, 2026)[49][50] |
| Brex (Capital One) | AI agents for expense and spend workflows; Brex in ChatGPT and Claude[51][52] | Index 86.9 (#9); 13 use cases, 13 in production | Second on the Evident AI index for a fourth year (Oct 6, 2026)[53][54] |
| Square (Block) | Managerbot, an AI business agent for Square sellers[55] | 7 use cases, 6 in production | Q2 2026: Moneybot passes 1 million weekly engaged accounts (Aug 5, 2026)[56] |
| Stifel Financial | Stifel's advisor-first AI stance and fund-banking-driven balance sheet[57][58][59][60][10] | Index 6.5 (#104); 13 use cases, 12 in production | CEO on CNBC: look at companies benefiting from AI, not just those building it (Oct 7, 2026)[61] |
| UMB Financial (wealth and asset servicing) | Integration first: the Heartland systems conversion[12][62][63] | Index 47.9 (#61); 10 use cases, 9 in production | 'Playing with the big boys' (Aug 20, 2026)[29] |
| BOK Financial (wealth) | Not disclosed | Index 41.8 (#69); 6 use cases, 4 in production | 18th for customer reputation (Aug 17, 2026)[39] |
| Stifel (investment banking) | Stifel's advisor-first AI stance and fund-banking-driven balance sheet[57][58][59][60][10] | Index 6.5 (#104); 13 use cases, 12 in production | CEO on CNBC: look at companies benefiting from AI, not just those building it (Oct 7, 2026)[61] |
Who should look beyond Commerce, and where?
| If you are | Look at | Why |
|---|---|---|
| Customers who want an AI virtual assistant inside the banking app | Bank of America (Erica) or U.S. Bank (Smart Assistant) | Commerce discloses no customer AI assistant. Both banks rank above it in St. Louis deposits by FDIC data; Bank of America says Erica helps more than 24.6 million clients and U.S. Bank reports 2.5 million Smart Assistant uses a month.[6][3][14][30] |
| People who need branches outside Missouri, Kansas, central Illinois, Oklahoma and Colorado | JPMorgan Chase or Bank of America | Commerce's 140 branch facilities are in those states, with commercial and wealth offices elsewhere. Chase reported 5,083 branches in 2025 and Bank of America runs 3,500 financial centers in more than 100 US markets.[1][64][14] |
| Startups and finance teams that want a corporate card bundled with AI spend and receivables software | Ramp or Brex (now Capital One) | Commerce sells purchasing and virtual cards with expense-system data feeds and receivables automation. Ramp bundles cards with AI agents for payables and receivables, and Brex brings its card and agents under Capital One since April 2026.[17][19][8][9] |
| Oklahoma customers who want the largest branch network in the state | BOK Financial | Commerce serves Tulsa and Oklahoma City from a limited presence. BOK Financial is the largest financial institution in Oklahoma with 14% of state deposits, including 33% of Tulsa's and 13% of Oklahoma City's.[1][5] |
| Customers who want a branchless, app-only checking account | Chime | Commerce is a branch-based super-community bank. Chime's model avoids branches and ATMs, it had 10.4 million active members at June 30, 2026, and some members can use Jade, its in-app AI financial partner.[1][15][16][47] |
Where does Commerce rank in Kansas City and St. Louis, and who is bigger?
Computed by this site from the FDIC Summary of Deposits as of June 30, 2025, grouped by holding company. Commerce's 10-K gives about 10% in Kansas City and about 7% in St. Louis on its own basis. UMB's and Stifel's shares include national deposits booked at their headquarters branches.
| Market | Commerce | Larger rivals | Next rivals |
|---|---|---|---|
| Kansas City MSA ($99.6 billion of deposits) | 2nd: 10.0%, 39 branches | UMB 35.7% (35 branches) | U.S. Bancorp 5.5% (38); Bank of America 5.4% (29); Valley View 3.0%; Capitol Federal 2.9%; Central Bancompany 2.8% (47)[2][1] |
| St. Louis MSA ($134.5 billion of deposits) | 4th: 5.9%, 39 branches | Stifel 21.1% (4 branches); U.S. Bancorp 13.0% (73); Bank of America 12.5% (32) | Enterprise Financial 4.0% (16); Regions 3.4% (59); PNC 2.2% (28); UMB 2.0% (14)[3][1] |
| Oklahoma (Tulsa and Oklahoma City) | Offices in both metros | BOK Financial: 33% of Tulsa and 13% of Oklahoma City deposits | Two nationwide banks, per BOK Financial's 10-K[1][5] |
Which Commerce segments face which rivals?
Segment shares of 2025 pre-tax income from Commerce's 10-K, with the scale figures from its February 2026 investor update.
| Segment | Share of 2025 segment pre-tax income | Scale disclosed | Main rivals on this page |
|---|---|---|---|
| Commercial (lending, cards, payments, treasury) | 48% | $9.9 billion commercial card volume; $8.1 billion merchant volume; 500+ hospital relationships in 48 states | U.S. Bancorp, Ramp, Brex (Capital One), Square, UMB[1][6] |
| Retail Banking (branches, consumer lending, cards) | 28% | 82% digital penetration; 30% mobile deposit use | Bank of America, U.S. Bancorp, Central Bancompany, Chime, credit unions[1][6] |
| Wealth (trust, brokerage, advisory) | 24% | $81.6 billion of trust assets under administration (December 31, 2025) | Stifel, UMB, BOK Financial[1][6] |
Is U.S. Bank a competitor of Commerce Bank?
Yes, in two places. U.S. Bancorp holds 13.0% of St. Louis and 5.5% of Kansas City deposits (FDIC, June 30, 2025), and its 10-K calls it one of the largest US providers of corporate and purchasing card services, the business behind Commerce's $9.9 billion of commercial card volume in 2025. U.S. Bank reports 2.5 million Smart Assistant uses a month.[3][2][7][6][30]
Is Central Bancompany a competitor of Commerce Bank?
Yes. Both are Missouri banks, and Central's 10-K names Kansas City, St. Louis, Denver, Tulsa and Oklahoma City, all Commerce markets, as expansion targets, with eight new branches planned in St. Louis, Kansas City and Denver. Central held 2.8% of Kansas City deposits with 47 branches (FDIC, June 30, 2025) and runs Personetics AI insights in its app.[4][2][32]
Who are Commerce Bank's biggest competitors?
In its two largest markets: UMB in Kansas City, and U.S. Bancorp, Bank of America and Stifel in St. Louis, by FDIC deposit data for June 30, 2025. Central Bancompany and Enterprise Financial are the Missouri regionals closest behind, and BOK Financial leads in Oklahoma. Commerce's 10-K also names credit unions, brokerages, trust companies and financial technology companies.[2][3][4][13][5][1]
Is UMB a competitor of Commerce Bank?
Yes. Both are headquartered in Kansas City, Missouri; UMB held 35.7% of the metro's booked deposits and Commerce 10.0% at June 30, 2025 (FDIC). Both run commercial, payments and wealth businesses, and UMB's Heartland purchase took it to 193 branches in 13 states. On this site's AI index UMB scores 47.9 and Commerce 34.[2][11][12]
Are Ramp and Brex competitors of Commerce Bank?
In commercial cards and payables, yes by product: Commerce reported $9.9 billion of commercial card volume in 2025, Ramp sells corporate cards with AI payables and receivables agents, and Brex, which powers Fifth Third's commercial card, became part of Capital One on April 7, 2026. Neither company names Commerce in the sources reviewed.[6][8][20][9]
Who competes with Commerce Trust in wealth management?
St. Louis-based Stifel, with more than 2,200 financial advisors, UMB and BOK Financial, whose 10-Ks name investment advisors, asset managers and trust companies among their own competitors. Commerce Trust administered $81.6 billion of client assets at the end of 2025 and moved onto SS&C Advent's Genesis platform in June 2026.[10][11][5][6][65]
What are alternatives to Commerce Bank for small and mid-sized businesses?
In card acceptance, Square, whose 10-K lists banks that provide payment processing among its competitors; in spend management, Ramp and Brex; in the same markets, UMB, U.S. Bancorp and Enterprise Financial. Commerce itself offers merchant services, purchasing and virtual cards and AI-driven receivables automation.[21][18][9][2][3][17][19]
Who competes with Commerce Bank in St. Louis?
By FDIC deposit data for June 30, 2025: Stifel (21.1%, mostly deposits booked at its headquarters), U.S. Bancorp (13.0%, 73 branches) and Bank of America (12.5%) rank above Commerce's 5.9%; Enterprise Financial (4.0%), Regions (3.4%, 59 branches), PNC and UMB follow. Central Bancompany is adding St. Louis branches.[3][4]
Is Chime a competitor of Commerce Bank?
By category: Commerce's 10-K names financial technology companies among its competitors, and Chime's 10-K says its digital-first model gives it a cost advantage over traditional banks. Chime had 10.4 million active members at June 30, 2026. Neither company names the other.[1][15][16]
Does Commerce compete with Stifel in investment banking?
Increasingly. Commerce completed its purchase of Nolan & Associates, a St. Louis middle-market investment bank, on October 1, 2026, and Stifel, also headquartered in St. Louis, calls itself one of the nation's leading wealth management and investment banking firms.[24][25][10]
- Commerce Bancshares, Inc. Annual Report on Form 10-K for 2025
- FDIC Summary of Deposits: Kansas City, MO-KS MSA, branch deposits as of June 30, 2025 (BankFind Suite API)
- FDIC Summary of Deposits: St. Louis, MO-IL MSA, branch deposits as of June 30, 2025 (BankFind Suite API)
- Central Bancompany, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- BOK Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Commerce Bancshares, Inc. Investor Update, 4th Quarter 2025
- U.S. Bancorp Annual Report on Form 10-K for 2025
- Close the Gap Between Signed and Paid
- Capital One completes acquisition of Brex
- Stifel Financial Corp. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- UMB Financial Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- The Most Powerful Women to Watch, No. 15, Uma Wilson, UMB Bank
- Enterprise Financial Services Corp Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Bank of America Fast Facts (undated page, retrieved 2026-10-19)
- Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Chime Reports Second Quarter 2026 Financial Results
- CommercePayments Purchasing Card Program (product page, retrieved 2026-10-19)
- AP just became autonomous
- Banking on a mission (AlloSource client story)
- Fifth Third and Brex Partner to Bring AI-Powered Finance to Businesses, Unlocking $5.6B in Commercial Card Volume
- Block, Inc. Annual Report 2025 (Form 10-K)
- How BOK Financial Streamlines Trust Reviews with Vanilla
- 2025 Annual Report
- Commerce to acquire boutique middle-market investment bank
- Commerce Bank Completes Acquisition of Investment Banking Firm Nolan & Associates
- Iowa-based electrical contractor reduces payment processing time
- How to stay safe from AI-powered fraud
- UMB Financial Corporation 2026 Proxy Statement (DEF 14A)
- This Kansas City regional bank is playing with the big boys. JPMorgan sees big gains ahead
- U.S. Bancorp Annual Report 2025
- How U.S. Bank Is Industrializing AI
- How Personetics and Central Bank Drive Customer-Centered Banking
- Central Bancompany, Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2026
- Enterprise Financial Services C (EFSCP) Q2 FY2026 earnings call transcript
- Why AI Is a CEO's Business Imperative
- Microsoft Copilot: Transforming Everyday Work
- Automation, Efficiency & Resilience: How Privately Held Businesses Can Seize Opportunity in 2026
- Enterprise Bank & Trust Enhances Property Management Client Service Through AppFolio Stack App Partnership
- Top Banks by Reputation 2026: Customers
- Regions aims to push 'dark mode,' other app tweaks next year
- Regions Bank Launches Personalized Insights for Mobile Banking Customers
- Regions Bank's Mobile Upgrade Drives Digital Transactions to 80%
- 'Progressive modernization' for cores
- U.S. Treasury Announces Record Enforcement Actions Against Bank of America
- OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance
- BofA fined $1.21 billion over AML
- What is Jade Financial Partner? (help centre, retrieved 2026-09-23)
- Chime Announces Agreement to Acquire Stride Bank
- Ramp reaches $60B valuation as it pushes deeper into AI
- Ramp Reaches $60 Billion Valuation as Annualized Revenue Tops $2 Billion
- Brex in ChatGPT: Your expenses, one question away
- Brex in Claude: Your expenses, now where you work
- JPMorganChase still tops AI ranking as big-bank lead widens
- Banks prioritize responsible AI, governance as use soars
- Square Brings Managerbot to More Sellers, Giving Main Street an Intelligent Business Agent
- Q2 2026 Shareholder Letter (Exhibit 99.1 to Form 8-K)
- Stifel Reports Second Quarter 2026 Results
- Stifel's earnings expose Wall Street's AI blind spot
- Artificial Intelligence: Runway for Growth (Outlook 2026)
- Stifel Financial Corp (SF) Q2 2026 Earnings Call Highlights: Record Revenue and Strong ...
- Stifel CEO Ron Kruszewski: We should be looking at companies benefiting from AI, not just those building AI
- UMB's post-acquisition systems conversion set for October
- AI POV: Impacts on the markets and what the future may hold
- JPMorgan Chase & Co. Annual Report on Form 10-K for the year ended December 31, 2025
- Commerce Trust Goes Live on SS&C Advent’s Genesis
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