Commerce Bank Acquires Municipal Bond Underwriter L.J. Hart & Company

November 18, 2022

Commerce Bank (a unit of Commerce Bancshares, Inc.) has entered into a definitive agreement to acquire L.J. Hart & Company, a Chesterfield, Missouri-based municipal bond underwriting and advisory firm. The acquisition will integrate L.J. Hart into Commerce’s institutional fixed-income business to expand its municipal underwriting and public finance advisory capabilities; terms were not disclosed and closing is subject to regulatory approval.

Buyers
Commerce Bank, Commerce Bancshares, Inc.
Targets
L.J. Hart & Company
Location
Missouri, United States
Transaction Type
Buyout

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