Commerce Bancshares concludes acquisition of FineMark

Commerce Bancshares has completed its acquisition of FineMark Holdings, the genitor institution of FineMark National Bank & Trust.

The all-stock transaction, valued astatine astir $585m, was announced successful June past year.

Upon the merger, Commerce Bancshares reported full assets of astir $36bn and assets nether medication of $90bn.

This places the institution 15th among US bank-managed spot firms by assets nether management, according to pro forma figures arsenic of 30 September.

Commerce president and CEO John Kemper said: “We are delighted to denote the completion of the FineMark transaction, officially welcoming FineMark into our organisation. FineMark is simply a earthy civilization fit, with a past of beardown plus quality, a shared client-centric attack to wealthiness absorption and banking, and a committedness to gathering beardown communities.

“Together, we are positioned to accelerate growth, grow our reach, and present adjacent greater worth to clients, shareholders, and our communities for galore years to come.”

The acquisition broadens Commerce Bancshares’ scope successful backstage banking and wealthiness management, adding caller locations successful Arizona and South Carolina.

Shortly aft the completion of the deal, FineMark National Bank & Trust was merged into Commerce Bank.

The erstwhile FineMark branches volition present run arsenic FineMark Bank & Trust, a part wrong Commerce Bank, retaining their existent locations and maintaining ongoing client-advisor relationships.

Joseph Catti volition instrumentality connected the relation of Chairman astatine Commerce Trust and volition proceed to oversee the FineMark Bank & Trust part nether the caller structure.

Integration of operational systems is scheduled for the second fractional of 2026.

"Commerce Bancshares concludes acquisition of FineMark" was primitively created and published by Private Banker International, a GlobalData owned brand.

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