Business
Commerce Bancshares, Inc. Receives Regulatory Approval to Acquire FineMark Holdings, Inc.
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ:CBSH) (“Commerce”), the holding company for Commerce Bank, announced it has received
About this update from Commerce Bancshares, Inc.
[{"type":"text","content":" KANSAS CITY, Mo.--(BUSINESS WIRE)--\nCommerce Bancshares, Inc. (NASDAQ:CBSH) (“Commerce”), the holding company for Commerce Bank, announced it has received all regulatory approvals to complete its proposed merger with FineMark Holdings, Inc. (OTC: FNBT) (“FineMark”), the holding company for FineMark National Bank & Trust. The transaction has been approved by the Federal Reserve Bank of Kansas City and the Missouri Division of Finance and remains subject to approval of FineMark shareholders and other customary closing conditions. The transaction is anticipated to close on January 1, 2026, as previously announced.\n\n\n“We are pleased to have received regulatory approval for our merger with FineMark,” said John Kemper, President and CEO, Commerce Bank. “This is a significant milestone in bringing our organizations together.”\n\n\nKemper continued, “With combined assets of $36 billion and $86 billion in wealth assets under administration, this partnership represents a powerful alignment of cultures, values, and vision. Together, we will have a stronger foundation for growth and will deliver more seamless, innovative, and personalized experiences for our wealth management and private banking clients. This is more than a simple expansion; it’s a shared commitment to excellence, growth, and long-term value for our clients, shareholders, and communities.”\n\n\nAs of June 30, 2025, FineMark had assets of $3.9 billion, deposits of $3.1 billion and loans of $2.7 billion. FineMark’s Trust and Investment business delivers a comprehensive suite of highly personalized services to approximately 2,000 clients with approximately $8.3 billion in assets under administration.\n\n\nABOUT COMMERCE\n\n\nWith $32.3 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 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,...