rose a day after Standard & Poor's said it will put the bank holding company in the
Commerce will join the index after the close of trading Monday, replacing
, which is being acquired. Shares of Commerce added $1.06, or 2.7%, to $40.35.
, based in Kansas City, Mo., agreed to buy Denver's Mountain States Bancorporation in an all-cash deal. Their combined deposits in the state of Colorado will be about $658 million.
UMB expects the acquisition to add to its earnings starting in the first year following the merger. Shares of UMB gained $1.03, or 3.2%, to $33.25.
Community Shores Bank
said Jose Infante, the company's chairman, president and CEO, resigned effective May 30. Heather Brolick was named president and CEO of the company. Community's board plans to name a nonexecutive chairman from its current members.
Additionally, the company said its 2006 performance continues to be in line with its previous discussions and expectations for the year. Shares of Community tacked on 1 cent to $12.01.
reached an arrangement to acquire Colorado's
( VAIL) for around $98.6 million. Vail Banks is the parent company of WestStar Bank. U.S. Bancorp will pay $17 for each Vail share and said the acquisition should add to its earnings next year.
Shares of Vail rose 60 cents, or 3.7%, to $16.65, and U.S. Bancorp advanced 44 cents, or 1.4%, to $31.31.
signed a deal to take over First National Bank of Morgan in a transaction valued at $20 million. Glacier said half of the consideration will be paid in cash and the other half in shares.
National Bank of Morgan operates its main office and one branch office in Morgan County, Utah. Glacier's shares were up 75 cents, or 2.6%, to $30.01.