Commerce eyes wealth-management gains after sealing M&A deal
Key insight: Commerce Bancshares, the Kansas City, Missouri-based parent company of Commerce Bank, sees its first bank M&A deal in more than a decade as an opportunity to keep growing its large wealth management business.Supporting data: After the acquisition of FineMark Holdings, Commerce has $90 billion of assets under administration, up from $82 billion earlier.Forward look: One analyst said it will be worth watching how well Commerce can retain the selling bank's client base.Commerce Bancshares, which ...