Commerce Bancshares, Inc. has completed its acquisition of FineMark Holdings, Inc., significantly expanding its private banking and wealth management capabilities while extending its geographic presence across Florida, Arizona, and South Carolina. Following the close, Commerce now holds approximately $36 billion in assets and $90 billion in assets under administration, ranking 15th among bank-managed trust companies on a pro forma basis. The transaction enhances Commerce’s trust and advisory platform by integrating FineMark National Bank & Trust, which has been merged into Commerce Bank and will operate as FineMark Bank & Trust, a division of Commerce Bank, while maintaining existing client relationships.
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John Kemper, president and chief executive officer of Commerce, said, “We are delighted to announce the completion of the FineMark transaction, officially welcoming FineMark into our organization… Together, we are positioned to accelerate growth, expand our reach, and deliver even greater value to clients, shareholders, and our communities for many years to come.” John Handy added, “Our FineMark colleagues are remarkable, and we are thrilled to be one team.” The integration of operational systems is planned for the second half of 2026, with Joseph Catti assuming the role of Chairman of Commerce Trust.
