-->

Commerce Bank Acquires Florida-based FineMark, Adds $7.7B in Assets

Commerce Bancshares, Inc. and Finemark Holdings, Inc. have announced a definitive merger agreement expected to close in January. Photo credit: Google Maps.

Posted June 16, 2025

Commerce Bancshares, Inc., announced it has entered into a merger agreement valued at $585 million with Florida-based FineMark.

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.

Under the terms of the agreement, FineMark shareholders will receive a fixed exchange ratio of 0.690 shares of Commerce common stock for each share of FineMark common stock. Thats about $41.87 per share for FineMark. The all-stock transaction is worth approximately $585 million.

The transaction is expected to close January 1, according to a Monday release.

As of March 31, 2025, FineMark had assets of $4 billion, deposits of $3.1 billion and loans of $2.6 billion. FineMark’s Trust and Investment serves around 2,000 clients with approximately $7.7 billion in assets under administration.

“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,” president and CEO of Commerce, John Kemper, said in the release. “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.”