Case Study: St. Louis Symphony Orchestra secures growth funding and banking support with Commerce Bank

Nation’s second-oldest orchestra, St. Louis Symphony Orchestra, investing $140 million in its next act.

The St. Louis Symphony Orchestra (SLSO), a major nonprofit arts institution, faced significant financial challenges stemming from a $140 million renovation project and the need to maintain its community programs. Their unique needs included accessing capital for construction and navigating financial risks, especially during the pandemic's severe revenue loss. Their long-time banking vendor, Commerce Bancshares, provided a comprehensive suite of services including investment management, merchant processing, and advisory support.

Commerce Bancshares implemented a solution that included guiding the SLSO through the Paycheck Protection Program application to survive the pandemic shutdown. For the hall renovation, a Commerce Bank affiliate provided a $50 million private placement bond to bridge the financial gap, which was the most competitive offer received. The result was a strengthened financial position that allowed the construction to proceed, enabling the SLSO to continue its mission. The deep, trust-based relationship and philosophical alignment between Commerce Bancshares and the SLSO were cited as key to achieving these outcomes.

St. Louis Symphony Orchestra