Commerce Clinches Acquisition of FineMark Holdings
Deal News | Jun 16, 2025 | EIN
Commerce Bancshares, headquartered in Kansas City, Missouri, announced its largest M&A transaction to date with the acquisition of FineMark Holdings, a Florida-based private bank and trust company, for an estimated $585 million in an all-stock purchase. This marks Commerce's first bank acquisition in 12 years, expanding its reach into lucrative markets in Florida, South Carolina, and Arizona. The deal will expand Commerce's asset portfolio to about $36 billion and enhance its private banking and wealth management business, adding approximately $84 billion in total wealth assets under administration. The acquisition, subject to regulatory and shareholder approval, is expected to be finalized by January 2026. Commerce CEO, John Kemper, emphasized the strategic value and fit of FineMark, which specializes in private banking services tailored to high-net-worth individuals, including professional athletes.
Sectors
- Banking
- Mergers and Acquisitions
- Wealth Management
Geography
- United States – The primary geographical focus is the United States, specifically focusing on Missouri, Florida, South Carolina, and Arizona, where the companies operate.
Industry
- Banking – The article discusses a significant acquisition within the banking sector involving a private bank and trust company.
- Mergers and Acquisitions – The article centers around a large-scale M&A transaction between Commerce Bancshares and FineMark Holdings.
- Wealth Management – The acquisition will enhance Commerce’s wealth management offerings, a critical component of FineMark’s business model.
Financials
- 585000000 – Value of the all-stock transaction for the acquisition of FineMark Holdings by Commerce.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Commerce Bancshares | Acquirer | Company | A Kansas City-based financial holding company involved in the acquisition of FineMark Holdings. |
| FineMark Holdings | Target | Company | A Fort Myers-based bank and trust company offering services to high-net-worth individuals, targeted for acquisition by Commerce. |
| John Kemper | CEO | Person | CEO of Commerce Bancshares, overseeing the acquisition deal. |
| Joseph Catti | CEO, Future Chairman of Commerce Trust | Person | CEO of FineMark Holdings, set to become chairman of Commerce's trust unit post-acquisition. |
| Piper Sandler | Advisor | Company | Acting as the financial advisor to FineMark Holdings for the transaction. |