V. Raymond Stranghoener, J.D.

V. Raymond Stranghoener, J.D.

President and CEO

Ray joined Commerce Bank as president and CEO of The Commerce Trust Company in October 1999. As president, Ray is responsible for more than $39 billion of client assets under management in Commerce locations across Missouri, Kansas, Illinois, Oklahoma, and Colorado. He also serves as executive vice president and is on the Executive Committee of Commerce Bancshares, Inc. Prior to joining Commerce Bank, Ray spent six years in the banking industry, where he was the head of Bank of America’s private bank as well as executive vice president, general counsel, and secretary for Boatmen’s Trust Company, both of which were located in St. Louis. Before entering the banking business, he spent 17 years at the Bryan Cave law firm in St. Louis, where he served individual clients, particularly business owners, with specialties including private company practice, estate planning, tax, and general corporate work. He also participated in the opening of Bryan Cave’s London office, where he was resident for three years. Ray holds a law degree from Georgetown University Law Center and an undergraduate degree in political science from Westminster College. Ray has an extensive record of community service. He currently serves on the boards of the Missouri History Museum and the Opera Theatre of Saint Louis. Additionally, he has served on the boards of the St. Louis Symphony, John Burroughs School, Forsyth School, and Westminster College.

Scott Boswell, CFA<sup>®</sup>, CEBS

Scott Boswell, CFA®, CEBS

President and Chief Executive Officer, West Region

Scott is president and chief executive officer of The Commerce Trust Company’s West Region. He has oversight of all Commerce Trust lines of business, including private client, private banking, and institutional services. He also serves as the companywide head of the institutional services and corporate trust business lines. Scott joined Commerce Trust as managing director in Kansas City in January 2007. With more than 20 years of investment management experience, Scott has strong practical know-how in developing and offering innovative financial solutions. Scott began his career at Aetna Capital Management in 1986. Four years later, he joined New York Life Asset Management, where he continued his work in institutional sales. During this time, Scott earned his Chartered Financial Analyst® designation. In 1994, Scott joined a predecessor of Bank of America, where he progressed through a variety of key client service, marketing and consultant relations assignments, ultimately becoming the managing director of the institutional investment management business. In 2002, Scott left Bank of America and acquired a predecessor that ultimately became eBridge Solutions, a company providing global software solutions for supply chain management. He served as president and chief executive officer. Scott completed the sale of the company and returned to the financial services industry with Commerce Trust. He holds a master of business administration degree from University of Chicago and a bachelor of arts degree from Westminster College. In addition to his CFA, he is a Certified Employee Benefits Specialist. He holds or has held leadership roles on a variety of charitable and industry boards, including serving as past-trustee of Westminster College, vice president of the board and member of the Boy Scouts of America-Heart of America Council, president of the board for The Kansas City Chorale, director and chairman of the board for the Kansas City Repertory Theatre, and member of the board and chairman of the Marketing Committee of St. Luke’s Health System Foundation.

J.-J. Landers Carnal, CFA<sup>®</sup>

J.-J. Landers Carnal, CFA®

Chief Investment Officer

Landers is the chief investment officer for The Commerce Trust Company and president of Commerce Investment Advisors, Inc., the SEC-registered advisor to the Commerce Funds mutual fund complex. Prior to joining Commerce in June 2000, Landers was president and chief investment officer of Boatmen’s Capital Management, Inc., a subsidiary of Bank of America. He also served as co-chief investment officer, executive vice president, and member of the board of directors of the former Boatmen’s Trust Company. All told, Landers has more than 30 years of professional investment experience. Landers is a Phi Beta Kappa graduate of Washington and Lee University and received his master of business administration degree from Washington University in St. Louis. He holds the Chartered Financial Analyst® designation and is a past president of the St. Louis Society of Financial Analysts. He also holds a FINRA Series 65 securities license.

John Handy

John Handy

Chief Operating Officer and President, Private Client Services

John is chief operating officer and president of private client services for The Commerce Trust Company. Prior to joining Commerce Bank in December 1999, John was the chief operating officer and a director of TIAA-CREF Trust Company, FSB, the Missouri-based trust subsidiary of the national teachers’ retirement fund manager. Prior to joining TIAA-CREF, he was with Bank of America (formerly Boatmen’s Trust Company) for 10 years, where his responsibilities included managing a group of 14 regional trust offices in seven states. John received his bachelor of arts degree in economics and business administration from Wittenberg University in 1985. In 1991, he graduated with honors from the ABA Graduate Trust School of Northwestern University, where he earned his CFSC designation. John also holds a FINRA Series 65 securities license.