On October 16, 2025, FineMark Holdings’ shareholders approved and adopted the definitive merger agreement with Commerce Bancshares, Inc., marking a key milestone in the all‑stock acquisition of approximately $585 million. The approval was announced today and was supported by a quorum of over 83% of FineMark’s issued and outstanding shares present at the special meeting.
The final vote tally was 10,247,809 votes in favor, 4,800 votes against, and no abstentions, giving a 99.95% approval rate. The inspector of elections confirmed that the meeting met all quorum requirements and that the merger proposal was adopted without any significant opposition.
The transaction, valued at $585 million, will be completed in an all‑stock deal in which FineMark shareholders receive 0.690 Commerce shares for each FineMark share. The parties have indicated that the deal is expected to close on January 1, 2026, subject to customary closing conditions and regulatory approvals already obtained.
John Kemper, President and CEO of Commerce, said the merger “strengthens our capabilities and expands our reach as one company,” while FineMark’s CEO Joseph Catti noted that the combination offers “a tremendous opportunity for our clients, associates, and shareholders.”
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