Commerce Bancshares, Inc. and Finemark Holdings, Inc. Announce Definitive Merger Agreement
Bolsters wealth management business in high-growth markets with addition of FineMark's assets under administration of $7.7 billion and bank assets of $4.0 billion
Commerce Bancshares, Inc. (NASDAQ:CBSH) ("Commerce") and FineMark Holdings, Inc. (OTCQX:FNBT) ("FineMark") today jointly announced they have entered into a definitive merger agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585MM. FineMark is the parent company of FineMark National Bank & Trust, a nationally chartered commercial bank and trust company serving clients through 13 banking offices in Florida, Arizona and South Carolina.
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