Commerce Bancshares, Inc. announced the completion of the acquisition of FineMark Holdings, Inc.
The merger resulted in approximately $36 billion of assets and $90 billion of assets under administration for Commerce
The acquisition enhances Commerce's private banking and wealth management business and expands its presence in Florida, Arizona, and South Carolina
Acquisition Details
Commerce Bancshares acquired FineMark Holdings, Inc., the parent company of FineMark National Bank & Trust.
Financial Impact
Following the merger, Commerce now has approximately $36 billion of assets and $90 billion of assets under administration.
Strategic Expansion
This acquisition allows Commerce to strengthen its private banking and wealth management services across multiple states.
- The acquisition of FineMark Holdings, Inc. positions Commerce Bancshares for accelerated growth and expansion in the wealth management sector.
- Commerce's enhanced presence in Florida, Arizona, and South Carolina provides opportunities for increased market share and client engagement.
With the successful completion of the acquisition, Commerce Bancshares is poised for continued growth and value creation for its clients, shareholders, and communities.