Commerce Bank Receives Regulatory Approval for FineMark Acquisition

Commerce Bancshares has received regulatory approval for its $585 million acquisition of FineMark Holdings, Inc. Photo credit: Google Maps.

Posted August 22, 2025

Commerce Bancshares announced that it has received regulatory approval for its $585 million merger with FineMark, a Florida-based bank and trust company.

The transaction has been approved by the Federal Reserve Bank of Kansas City and the Missouri Division of Finance. The transaction remains subject to the approval of FineMark shareholders, according to a release.

The transaction is anticipated to close on January 1, 2026, as previously announced in June.

“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.”

As of June 30, 2025, FineMark had assets of $3.9 billion, deposits of $3.1 billion and loans of $2.7 billion. FineMark serves approximately 2,000 clients with around $8.3 billion in assets under administration, according to the release.

Founded in 2007 and headquartered in Fort Myers, Florida, FineMark Holdings, Inc. is the parent company of FineMark National Bank & Trust, a bank and trust company with 13 banking offices across Florida, Arizona and South Carolina.