Commerce Bancshares (CBSH) and FineMark Holdings announced that FineMark’s shareholders have approved and adopted the definitive merger agreement pursuant to which Commerce will acquire FineMark, marking a major milestone in the strategic combination of the two institutions. Joseph Catti, chairman and CEO of FineMark, added, “The results of our shareholder vote reflect our belief that this merger offers a tremendous opportunity for our clients, associates, and shareholders. We are optimistic about the future and excited to join forces with Commerce to strengthen our capabilities and expand our reach as one company.” The transaction remains subject to customary closing conditions and is on track to close January 1, 2026.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CBSH:
- Commerce Bancshares initiated with an Outperform at Hovde Group
- Commerce Bancshares price target raised to $70 from $66 at Morgan Stanley
- Commerce Bancshares price target lowered to $65 from $69 at Wells Fargo
- Commerce Bancshares initiated with a Hold at TD Cowen
- Commerce Bancshares receives regulatory approval for FineMark deal
