It's my guess that bank regulators have examined any possible conflict of interest involving Commerce Bankshares, it management and Tower Properties. The Kemper relationship to this group is not a new event. Tower Properties is tightly held.
It's still a fact that the Kempers are not the majority owners of CBSH.
I continue to believe that they should be obligated to all other shareholder to sell with a solid offer. I for one would be disturbed of they refused to listen to a solid offer with sufficent premium anything near the multiples paid during the last industry flury of acquisitions.
Commerce has a strong franchies in its trade area and should be a canidate for possible acquisition.
I have held a position in this stock for over 20 years.