Commerce Bank finalizes $585M acquisition

Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH) has completed its acquisition of FineMark Holdings Inc. (OTCQX: FNBT).

The all-stock deal for the Fort Myers, Florida, company, valued at roughly $585 million, was announced in July 2025. The transaction of FineMark Holdings, the operator of FineMark National Bank & Trust, was finalized Jan. 1, according to a news release. 

Commerce Bancshares, which has four Commerce Bank branches in Springfield, now has approximately $36 billion in assets and $90 billion in assets under administration. FineMark had roughly $4 billion in assets and $3.1 billion in deposits as of March 31, 2025; Commerce's deposits were $25.8 billion at that time.

"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," Commerce Bancshares President and CEO John Kemper said in the release. "Together, we are positioned to accelerate growth, expand our reach and deliver even greater value to clients, shareholders and our communities for many years to come."

FineMark now operates as FineMark Bank & Trust, a division of Commerce Bank, and the conversion of operational systems is planned for the second half of 2026, according to the release. FineMark Bank & Trust CEO Joseph Catti becomes chair of Commerce Trust through the acquisition, and he'll continue to lead the FineMark division of Commerce Bank.

During the third quarter, Commerce Bancshares reported net income of $141.5 million, a 2.5% increase from $138 million in the same quarter last year, according to past reporting. 

CBSH shares were trading at $53.31 as of 9:20 a.m., compared with a 52-week range of $48.69 to $65.59 per share.