Bank / Credit Union
Photo: Adobe Stock
June 30, 2025
Commerce Bancshares Inc. has inked a merger agreement with FineMark Holdings Inc., the parent company of FineMark National Bank & Trust. It will acquire FineMark in an all-stock transaction at approximately $585 million, according to a press release.
FineMark has $4 billion in assets, $3.1 billion in deposits and $2.6 billion in loans. It has 13 offices in Florida, Arizona and South Carolina.
“We are excited to welcome FineMark, marking a strategic milestone that is the culmination of years of relationship building, mutual trust, and shared values,” John Kemper, president and CEO of Commerce, said in the release. “FineMark is a natural culture fit, with a history of strong asset quality, a shared client-centric approach to wealth management and banking, and a commitment to building strong communities. Together, with over $36 billion in assets and over $82 billion in wealth assets under administration, we are poised to accelerate growth, expand our reach, and deliver even greater value to clients, shareholders, and the communities we serve for many years to come. This acquisition is about more than scale — it’s about shared purpose and the opportunity to achieve more together.”
“After several years of getting to know the team at Commerce, we are delighted to have identified a partner that shares these same values and will enable us to continue to grow and further our mission,” Joseph R. Catti, chairman and CEO of FineMark, said in the release. “We believe it reflects well on FineMark that a bank of Commerce’s caliber would see the value in what we have created. We are excited to announce a partnership that will benefit both institutions, our clients, and shareholders, while also positioning us to work together toward the next chapter of our combined organization’s legacy.”
