Commerce Bancshares, Inc. Board of Directors Reauthorizes Share Repurchase Program
Commerce Bancshares’ board reauthorized its share repurchase program for up to 7.5 million total common shares, including shares remaining under the prior authorization. Repurchases may occur through open-market purchases, privately negotiated transactions, or other compliant methods.
Why it matters — The authorization gives CBSH watchers an update on the company’s potential share repurchases.