Core Insights - Commerce Bancshares (CBSH) has received necessary approvals for the acquisition of FineMark Holdings, Inc., with the deal expected to close on January 1, 2026 [1][9] - The acquisition will enhance CBSH's asset base, combining $36 billion in assets and $86 billion in wealth assets under administration (AUA) [3][9] - 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][9] Company Overview - FineMark Holdings, founded in 2007, operates as a nationally chartered commercial bank with 13 banking offices across Florida, Arizona, and South Carolina [2] - As of June 30, 2025, FineMark reported assets of $3.9 billion, deposits of $3.1 billion, and loans totaling $2.7 billion [3] Financial Implications - Shareholders of FineMark will receive 0.690 shares of CBSH for each share they own [4] - The acquisition is expected to result in a tangible book value per share dilution of 2.2%, with an earn-back period of 1.6 years [5] - One-time, pre-tax expenses related to the merger are estimated at $57 million, fully accounted for in the pro forma tangible book value at closing [5] Market Performance - CBSH shares have decreased by 3.6% over the past six months, contrasting with a 2.4% growth in the industry [6] - CBSH currently holds a Zacks Rank 2 (Buy) [7]