Commerce Bancshares receives regulatory approval for FineMark merger

Commerce Bancshares, Inc. (NASDAQ: CBSH) announced it has received regulatory approvals to complete its proposed merger with FineMark Holdings, Inc. (OTC: FNBT). The Federal Reserve Bank of Kansas City and the Missouri Division of Finance have approved the transaction.

The merger remains subject to approval of FineMark shareholders and other customary closing conditions. The transaction is expected to close on January 1, 2026.

The combined entity would have $36 billion in assets and $86 billion in wealth assets under administration, according to the press release statement. As 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 serves approximately 2,000 clients with approximately $8.3 billion in assets under administration. The company operates through offices in Florida, Arizona and South Carolina.

"We are pleased to have received regulatory approval for our merger with FineMark," said John Kemper, President and CEO of Commerce Bank. "This is a significant milestone in bringing our organizations together."

Commerce Bancshares operates with $32.3 billion in assets and maintains banking facilities across the Midwest, including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. The company also operates commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids.

FineMark Holdings is the parent company of FineMark National Bank & Trust, a nationally chartered bank and trust company founded in 2007 and headquartered in Florida.

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