Commerce Bancshares : Bank Taps Nadia McMichael to Lead Historic Tax Credit Services
July 18, 2023 at 11:17 am EDT
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St. Louis, Mo. - July 17, 2023 - Commerce Bank announced today the appointment of Nadia McMichael as vice president, historic tax credits. McMichael brings 16 years of broad experience in state and federal historic tax credits, other related credits, and lending strategies.
McMichael advises investor and developer clients as they maneuver through the complex maze of rules and compliance to help maximize the benefits of historic rehabilitation development. She will report to Jason Penfield, executive vice president, Commerce Bank. "We are excited to welcome Nadia to our leadership team," said Penfield. "Her diverse experience in this specialized area benefits our customers and the communities that will be enhanced by various projects. I look forward to working with her as she helps us broaden our offerings and grow this area of our business."
McMichael first began her career at Commerce in 2000 and served as a tax credit specialist for several years. She returned to Commerce and the tax credit services division in 2022 bringing additional experience with investment firms and has earned increasing responsibility for leadership of the division.
"Nadia has proven to not only be a wealth of knowledge regarding the field of tax credits, but she is also a collaborative leader, which makes her a great fit for our Commerce culture," said Bob Holmes, chairman and chief executive officer of Commerce Bank, St. Louis. "Nadia is an asset to our bank and a trusted advisor to our customers."
"I am honored to lead the tax credit services division at Commerce," said McMichael. "I find the work of helping customers navigate complex tax application processes to be extremely rewarding. It is always our goal to ease their path and reduce hurdles to clear the way for historic rehabilitation projects that help support a thriving region."
About Commerce Bank
With $32 billion in assets1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. It also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at www.commercebank.com.
Commerce Bancshares Inc. published this content on 17 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2023 15:16:24 UTC.
Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Bank is engaged in the general banking business, providing a range of retail, mortgage banking, corporate, investment, trust, and asset management products and services. It operates over 257 locations in Missouri, Kansas, Illinois, Oklahoma and Colorado. The Company's segments include Commercial, Consumer and Wealth. The Commercial segment offers corporate lending, merchant and commercial bank card products, payment solutions, leasing, and international services, as well as business and government deposit, investment, institutional brokerage and others. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, and consumer debit and credit bank card activities. The Wealth segment provides traditional trust and estate planning services, consumer brokerage services, and advisory and discretionary investment portfolio management services.
COMMERCE BANCSHARES, INC. 
