Commerce Bank's Employee PAC Stops Campaign Contributions After Capitol Riot
Commerce Bank says its employee-funded political action committee (PAC) will no longer give money to members of Congress who have "impeded the peaceful transfer of power."
Commerce Bank, which has branches across central Illinois, was one of several U.S. businesses to announce similar moves, including Facebook, Microsoft, Marriott and Dow.
The bank's employee-funded PAC "contributes campaign donations to elected officials of both parties because of their pro-business records and because they are interested in helping to ensure the banking industry can serve both individuals and businesses," the bank said.
"At this time, we have suspended all support for officials who have impeded the peaceful transfer of power. Commerce Bank condemns violence in any form and believes the actions witnessed last week are abhorrent, anti-democratic and entirely contrary to supporting goodwill for Americans and businesses," Commerce Bank said in a statement.
Commerce Bank has three branches in Bloomington-Normal and five in the Tri-County area. It's headquartered in Kansas City, Mo.
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