FineMark shareholders approve Commerce Bancshares merger

FineMark Holdings Inc. (OTCQX: FNBT) shareholders have approved the definitive merger agreement for Commerce Bancshares Inc. (NASDAQ: CBSH) to acquire FineMark in an all-stock transaction valued at approximately $585 million.

Over 83% of FineMark's issued and outstanding shares were represented at the special shareholder meeting. The merger proposal received approval from 10,247,809 shares (99.95%), with 4,800 shares (.05%) voting against and zero abstentions, according to the final report from FineMark's inspector of elections.

The companies announced the definitive agreement on June 16, 2025. The transaction has received regulatory approvals from the Federal Reserve Bank of Kansas City and the Missouri Division of Finance. The merger remains subject to customary closing conditions and is scheduled to close January 1, 2026.

"The results of our shareholder vote reflect our belief that this merger offers a tremendous opportunity for our clients, associates, and shareholders," said Joseph Catti, chairman and CEO of FineMark.

John Kemper, president and CEO of Commerce, stated, "We are pleased to have such strong support from FineMark's shareholders. FineMark's commitment to excellent client service and community values aligns well with ours."

Commerce Bancshares operates as a regional bank holding company with $32.3 billion in assets as of June 30, 2025. The company offers banking services through subsidiaries including Commerce Bank, which operates facilities across the Midwest and maintains commercial offices in several major cities.

FineMark Holdings is the parent company of FineMark National Bank & Trust, founded in 2007 and headquartered in Florida. The company operates offices in Florida, Arizona and South Carolina, offering personal and business banking, lending, trust and investment services.

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