Commerce Bancshares to acquire FineMark Holdings for $585m, aiming to enhance wealth management business.

From Yahoo Finance: 2025-06-17 09:12:00

Commerce Bancshares has agreed to acquire FineMark Holdings, a Florida-based company, in a $585m all-stock deal. FineMark provides asset management, banking, and investment services, operating 13 banking offices across Florida, Arizona, and South Carolina. The merger, approved by both boards, is expected to enhance Commerce’s wealth management business in high-growth markets.

FineMark shareholders will receive 0.690 shares of Commerce common stock for each share held. The deal is set to close on January 1, 2026, pending regulatory approval and shareholder consent. Commerce’s president sees FineMark as a natural culture fit, aiming to accelerate growth and deliver more value to clients and communities.

As of March 31, 2025, FineMark reported assets of $4bn, deposits of $3.1bn, and loans of $2.6bn. Its Trust and Investment division manages $7.7bn in assets under administration for around 2,000 clients. The acquisition reflects a shared purpose between Commerce and FineMark, benefiting clients, shareholders, and communities.

FineMark chairman and CEO expressed excitement about the partnership, believing it will benefit both institutions and stakeholders while setting the stage for the next chapter in their combined legacy. The deal signifies the value Commerce sees in FineMark’s offerings and the potential for growth and collaboration in the future.



Read more at Yahoo Finance: Commerce Bancshares to acquire Florida’s FineMark for $585m