Key Takeaways Huntington agreed to acquire Veritex, adding $13B in assets, $9B in loans and $11B in deposits. Prior deals with TCF, Capstone and Torana expanded markets, capital markets and digital capabilities.The bank is pursuing growth in Texas, the Carolinas and Florida with new branches and 350 planned hires.Huntington Bancshares Incorporated (HBAN) has expanded its footprint and capabilities in several verticals through acquisitions over the past few years. In July 2025, Huntington entered a definitiv ...

Core Viewpoint - Commerce Bancshares, Inc. (CBSH) has agreed to acquire FineMark Holdings in an all-stock transaction valued at $585 million, expected to close on January 1, 2026, pending regulatory and shareholder approvals [2][8]. Group 1: Deal Overview - The acquisition will involve FineMark shareholders receiving 0.690 shares of CBSH common stock for each FineMark share, valuing the deal at $41.87 per share based on CBSH's closing price on June 13, 2025 [4]. - FineMark, founded in 2007, operates 13 banking offices across Florida, Arizona, and South Carolina, with assets of $4 billion, deposits of $3.1 billion, and loans of $2.6 billion as of March 31, 2025 [3][2]. Group 2: Financial Impact - The transaction is projected to be 6% accretive to CBSH's 2026 GAAP earnings, with anticipated cost savings of 15% on FineMark's non-interest expenses [4][8]. - The deal is expected to result in a tangible book value per share dilution of 2.2%, with an earn-back period of 1.6 years, and will incur one-time, pre-tax expenses of $57 million [5][4]. Group 3: Management Insights - CBSH's President and CEO, John Kemper, emphasized the strategic significance of the acquisition, highlighting the shared values and client-centric approach between the two companies [6]. - FineMark's CEO, Joseph R. Catti, expressed enthusiasm about the partnership, noting the alignment in mission and culture, which will facilitate continued growth [6]. Group 4: Market Context - Over the past year, CBSH shares have increased by 13.3%, which is below the industry's growth of 23.5% [9]. - CBSH currently holds a Zacks Rank of 3 (Hold) [10].