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AI brief of an SEC Form 8-K · Commerce Bancshares (CBSH)

Commerce Bancshares to acquire FineMark Holdings in stock-and-cash merger agreement

Neutral Impact 5 of 5 m&a Written later

Commerce Bancshares signed a merger agreement on June 16, 2025, under which FineMark Holdings will merge into a Commerce subsidiary, with FineMark holders receiving 0.690 Commerce shares per FineMark share. The deal requires FineMark shareholder approval, Federal Reserve and Missouri regulatory approvals, and an S-4 registration, so it is not yet completed; shareholders of both companies would be affected by the share issuance and the $24 million termination fee terms.

Key points

  • Agreement signed June 16, 2025 by Commerce Bancshares, CBI-Kansas and FineMark Holdings
  • Each FineMark common and Series B preferred share converts into 0.690 Commerce common share, plus cash for fractional shares
  • FineMark would pay a $24,000,000 termination fee in certain circumstances
  • Closing requires FineMark shareholder approval, Federal Reserve and Missouri Division of Finance approvals, and an effective Form S-4

The filing

CompanyCommerce Bancshares (CBSH)
Form8-K, current report
Filed with the SECJun 17, 2025, 6:31 AM ET
Accession number0001104659-25-060053

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 17, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.