Commerce Bancshares, Inc. (CBSH) and FineMark Holdings, Inc. (FNBT) adjusted the exchange ratio for their pending acquisition.
The new ratio is 0.7245 shares of Commerce stock for each share of FineMark stock, reflecting a 5% stock dividend by Commerce.
FineMark, parent company of FineMark National Bank & Trust, offers banking, lending, trust, and investment services.
Exchange Ratio Adjustment
Adjusted to 0.7245 shares of Commerce stock for each FineMark share, due to a 5% stock dividend by Commerce.
Company Information
Commerce Bancshares has $32.3 billion in assets, offering banking and investment services through subsidiaries like Commerce Bank.
FineMark Details
FineMark Holdings, Inc., headquartered in Florida, provides banking, lending, and trust services with its common stock trading under FNBT.
- The adjustment strengthens the acquisition terms, benefiting Commerce shareholders with a higher exchange ratio.
- Commerce's extensive network of services and FineMark's specialized offerings complement each other for strategic growth.
The adjusted exchange ratio signals progress in the merger process, positioning Commerce Bancshares for enhanced financial services expansion.