Commerce Bancshares Inc. and FineMark Holdings Inc. 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.

Over 83% of the issued and outstanding shares of FineMark common stock were represented at the special meeting of FineMark’s shareholders (the “FineMark special meeting”), constituting a quorum. According to the final report of FineMark’s inspector of elections, FineMark’s shareholders adopted and approved the Agreement and Plan of Merger, dated as of June 16, 2025, by and among, Commerce, CBI-Kansas Inc. and FineMark.

Over 99% of the votes cast were in favor of the merger proposal.

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.”

“We are pleased to have such strong support from FineMark’s shareholders,” said John Kemper, president and CEO of Commerce. “FineMark’s commitment to excellent client service and community values aligns well with ours, and we look forward to building something even stronger together.”

On June 16 of this year, the companies announced a definitive agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585 million. As previously reported, promptly following the filing of the merger applications, the parties received all regulatory approvals from the Federal Reserve Bank of Kansas City and the Missouri Division of Finance to complete the transaction, underscoring the strength and alignment of both organizations. The transaction remains subject to customary closing conditions and is on track to close Jan. 1, 2026.