DES MOINES, Iowa (AP) — Less than 10 months after three tickets split a world-record lottery prize, the jackpot for Saturday's Powerball drawing was nearing historic territory once again.
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Kansas City-based Commerce Bancshares announced Wednesday evening that it would purchase Tulsa-based Summit Bancshares Inc. at the pricetag of $40.6 million worth of Commerce stock, the Wichita Business Journal reports.
The Summit Bank parent has assets of $261 million, and will bulk up Commerce’s portfolio from $384 million in loans to about $600 million, the report says.
Commerce Bancshares President and COO John Kemper said the company was excited to expand in Tulsa and enter the Oklahoma…
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