I heard that here is a lady at CBSH named Nicole Campbell who does a lot of work with mergers and acquisitions for them and is preety shrewd. Wonder if anyone knows much about her. If there is something in the offering with Wells Fargo, maybe she is involved.
It's my understanding that Nicole Campbell works in the St. Louis facility of Commerce. I would highly question that anyone other than a Kemper would be in talks with anyone from another financial institution about a possible merger.
If Commerce was for sale, I feel Wells Fargo would be involved. It will take a very big multiple of earnings and several time book to get anyone's attention. I would agree tha Commerce has a valuable franchise in the mid west and would be a super acquisition for Well's.
Personally I will continue to add shares any time the market price falls below 12 times earnings.