COMMERCE BANCSHARES INC /MO/ (CBSH): M&A transaction — Commerce Bancshares completes FineMark acquisition; issued ~9.9M shares valued at $528.5M

COMMERCE BANCSHARES INC /MO/

Post-merger: $36B total assets, $90B assets under administration; ranks 15th among bank-managed trust companies.
Issued ~9.9M shares of CBSH common stock with aggregate value of ~$528.5M based on Dec. 23, 2025 closing price.
Expands private banking and wealth management into Arizona and South Carolina, adding to existing Florida presence.
Joseph Catti named Chairman of Commerce Trust and will continue leading the FineMark Bank & Trust division.
Operational systems conversion planned for second half of 2026.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

COMMERCE BANCSHARES INC /MO/ completed an acquisition involving FineMark Holdings, Inc. for All-stock acquisition; each share of FineMark common stock converted into 0.7245 shares of Commerce common stock (adjusted for stock dividend), with cash in lie (closed 2026-01-01).

Action: acquisition
Counterparty: FineMark Holdings, Inc.
Consideration: All-stock acquisition; each share of FineMark common stock converted into 0.7245 shares of Commerce common stock (adjusted for stock dividend), with cash in lie
Closing: 2026-01-01

Exact text from the filing

the Certificate of Designation of the FineMark Preferred Stock) (other than certain excluded shares as described in the Merger Agreement) was converted into the right to receive 0.7245 of a share (as adjusted in accordance with the Merger Agreement for a stock dividend paid by Commerce to Commerce shareholders of record as of December 2, 2025, as previously

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COMMERCE BANCSHARES INC /MO/ filing history →

Source: SEC EDGAR

accession 0001104659-26-000016

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