m_and_a
confidence high
sentiment positive
materiality 0.80
Commerce Bancshares to acquire FineMark Holdings in $585M all-stock deal
COMMERCE BANCSHARES INC /MO/
- All-stock transaction valued at ~$585M; exchange ratio 0.690 CBSH shares per FNBT share ($41.87/share).
- FineMark has $4.0B assets, $3.1B deposits, $2.6B loans, and $7.7B in trust assets under administration as of March 31, 2025.
- Combined entity would have over $36B in assets and $82B in wealth assets under administration.
- Transaction expected to close on January 1, 2026, subject to regulatory and FineMark shareholder approval.
- Commerce will host an investor call on June 16 at 11:00 a.m. ET to discuss the acquisition.
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