Hammerschmidt moves to Commerce Trust leadership role

SBJ file

Bob Hammerschmidt becomes the regional chairperson for the wealth management division of Commerce Bank.

Veteran banker Bob Hammerschmidt switched leadership roles under the Commerce Bank umbrella.

Hammerschmidt started June 25 as chairperson of Commerce Trust Co., a division of Commerce Bank, according to a news release. He previously served for 33 years at Commerce Bank, most recently as vice chairperson for the company, and he’s worked as a senior loan committee officer and regional manager in central Missouri, according to his LinkedIn profile.

“The achievements that Bob has had in his career and impact he has had on our market, our community and our Commerce family cannot be measured. His wise and solid approach have been a bedrock for our bank," said Doug Neff, chairperson and CEO for Commerce Bank's Southwest region, in the release. "We are grateful for what Bob has meant to our organization and how he will continue to be a part of the Commerce team, just in a different role, helping develop new relationships for Commerce Trust Co."

At Commerce Trust, he will focus on building client relationships throughout the Southwest region. Commerce Trust oversees $62.5 billion in assets under administration and $39 billion in assets under management with clients in 50 states and 26 countries. Led by Executive Vice President Chris Sweet, Commerce Trust ranked No. 1 on Springfield Business Journal's recently published list of the area's largest trust companies. Commerce Trust reported $2.1 billion in local assets administered.

Hammerschmidt has nearly five decades of financial industry experience, according to his LinkedIn profile.