Commerce Bancshares, the holding company for Commerce Bank, announced it has received all regulatory approvals to complete its proposed merger with FineMark Holdings Inc., the holding company for FineMark National Bank & Trust. The transaction has been approved by the Federal Reserve Bank of Kansas City and the Missouri Division of Finance and remains subject to approval of FineMark shareholders and other customary closing conditions. The transaction is anticipated to close on Jan. 1, 2026, as previously announced.

“We are pleased to have received regulatory approval for our merger with FineMark,” said John Kemper, President and CEO of Commerce Bank. “This is a significant milestone in bringing our organizations together.”

Kemper continued, “With combined assets of $36 billion and $86 billion in wealth assets under administration, this partnership represents a powerful alignment of cultures, values, and vision. Together, we will have a stronger foundation for growth and will deliver more seamless, innovative and personalized experiences for our wealth management and private banking clients. This is more than a simple expansion; it’s a shared commitment to excellence, growth, and long-term value for our clients, shareholders and communities.”

As of June 30, 2025, FineMark had assets of $3.9 billion, deposits of $3.1 billion and loans of $2.7 billion. FineMark’s Trust and Investment business delivers a comprehensive suite of highly personalized services to approximately 2,000 clients with approximately $8.3 billion in assets under administration.