Commerce Bancshares, Inc. (NASDAQ: CBSH) has received the green light from regulators to move forward with its high-profile merger with FineMark Holdings, Inc. (OTC: FNBT), the parent company of FineMark National Bank & Trust. Approval comes from both the Federal Reserve Bank of Kansas City and the Missouri Division of Finance, though the deal still awaits FineMark shareholder sign-off and customary closing steps. The merger is on track to close January 1, 2026.

A Strategic Union in Banking and Wealth Management

The merger is more than just a balance-sheet boost. Combined, Commerce and FineMark will manage $36 billion in assets and $86 billion in wealth assets under administration, creating a formidable platform in both commercial banking and wealth management.

John Kemper, President and CEO of Commerce Bank, described the deal as a “significant milestone,” highlighting the alignment of corporate cultures and strategic visions. “Together, we will deliver more seamless, innovative, and personalized experiences for our wealth management and private banking clients,” Kemper said, framing the merger as a long-term value play for clients, shareholders, and communities alike.

FineMark’s Strengths Add Depth

FineMark brings to the table $3.9 billion in assets, $3.1 billion in deposits, and $2.7 billion in loans as of June 30, 2025. Its Trust and Investment business serves roughly 2,000 clients with around $8.3 billion in assets under administration, offering highly personalized services that complement Commerce’s broader banking platform.

Industry Implications

This merger underscores a growing trend in banking: mid-sized regional banks consolidating to compete with larger national players. By combining complementary strengths in wealth management and commercial banking, Commerce positions itself to capture market share while offering more tailored, technology-enabled services—a model increasingly favored in today’s competitive fintech landscape.

With regulatory approval secured, stakeholders will be watching FineMark shareholder votes closely, as the deal promises to reshape the regional banking map and set a benchmark for strategic mergers in the sector.