FOR IMMEDIATE RELEASE

American Subcontractors Association Welcomes CommercePayments® as New Silver Sponsor

ALEXANDRIA, Virginia – May 1, 2024 - The American Subcontractors Association (ASA) is pleased to announce CommercePayments® as a new Silver Sponsor. This relationship demonstrates ASA's commitment to providing its members with access to innovative payment solutions and financial services tailored to the unique needs of subcontractors.

CommercePayments®, a leading provider of payment processing and financial technology solutions, offers a comprehensive suite of tools designed to streamline payment processes, reduce administrative costs, and improve cash flow management for subcontractors. With its cutting-edge platform and industry knowledge, CommercePayments® empowers subcontractors to focus on their core business while optimizing their financial operations.

"We are thrilled to welcome CommercePayments® as a Silver Sponsor," said Richard Bright, CEO of ASA. "Their support and dedication to serving the subcontracting community aligns perfectly with our mission to advocate for and promote the success of our members. This relationship will undoubtedly bring significant value to our organization and the subcontractors we represent."

As a Silver Sponsor, CommercePayments® will actively participate in ASA events, educational programs and initiatives, sharing their insights and experience with the association's members. This collaboration will provide subcontractors with access to valuable resources, best practices and innovative solutions to enhance their financial management capabilities.

"This is an exciting opportunity for CommercePayments®," said Joel Reddington, vice president of Commerce Bank. "We are committed to supporting the growth and success of subcontractors by delivering reliable, secure and efficient payment solutions. Through this sponsorship, we look forward to working closely with ASA and its members to drive positive change in the industry."

CommercePayments® solutions are provided by Commerce Bank. Learn more about its services tailored to the construction industry at commercebank.com/construction. 

About the American Subcontractors Association:
The American Subcontractors Association (ASA) is a national trade association representing the interests of subcontractors, specialty trade contractors, and suppliers in the construction industry. ASA advocates for the rights and interests of subcontractors, promotes fair and equitable business practices, and provides educational resources and networking opportunities to help its members succeed. www.asaonline.com 

About Commerce Bank:
With $30.4 billion in assets¹, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages nearly 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City and Denver. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis and Grand Rapids, and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online and mobile and through a 24/7 customer service line. Learn more at www.commercebank.com. 

¹As of March 31, 2024 

###

Contact
Michael Kline
Director of Communications
American Subcontractors Association
mkline@asa-hq.com