$585M deal for Fort Myers bank wins regulatory approvals

Kansas City-based Commerce Bank says it has received all the regulatory approvals for its $585 million acquisition of Fort Myers-based FineMark National Bank & Trust. 

The bank, a subsidiary of Commerce Bancshares, says the Federal Reserve Bank of Kansas City and the Missouri Division of Finance have approved the transaction. The deal, which still requires the approval of FineMark shareholders, is expected to close Jan. 1, 2026. 

“We are pleased to have received regulatory approval for our merger with FineMark,” Commerce Bank President and CEO John Kemper says in a release. “This is a significant milestone in bringing our organizations together.”