McCracken to head local bank

Thursday, July 20, 2006

A familiar face will soon return to Barry County business circles. On Monday, it was announced that Mike McCracken has been named community president of Commerce Bank's Barry County division.

McCracken, a native of Wheaton, has served as a member of the Commerce Bank, Barry County, Board of Directors since 1992. During his 14 years on the board, McCracken has gained extensive knowledge of the financial institution and its customers.

"We are extremely pleased to welcome Mike to the leadership team at Commerce," said Fred Osborn, chairman of Commerce Bank's Mo-Kan Region.

"Barry County is important to our company, and we think his qualifications reflect the high priority we place on our customers and the communities we serve here," Osborn continued. "We look forward to working with him to ensure Commerce delivers the highest quality of service to our customers."

In addition to serving on the bank board, McCracken has extensive experience in business and management. Since 2000, McCracken has served as president and chief executive officer of Jakel Incorporated in Aurora.

The majority of his career was spent with Fasco Industries, Inc. While employed by Fasco in Cassville, McCracken served as manufacturing and materials manager, director of operations, president of the Cassville Division and president of AC Division.

"I know first hand from my service on the board that Commerce is an outstanding organization with a true commitment to serve as a super-community bank," said McCracken. "I look forward to working with the excellent team of local and regional bankers to ensure Commerce continues its strong tradition of serving Barry County with excellence."

In addition to his business accomplishments, McCracken is an active community volunteer. He serves as chairman of the board of St. John's Hospital-Cassville and chairman of the board of St. John Mercy Services West Region.

McCracken and his wife, Trish, reside in Cassville and have three children, Mindi, Vinee and Joey.

Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc., a $14.3 billion regional bank holding company. Commerce currently operates in approximately 340 locations in Missouri, Illinois and Kansas.

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