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CBSH agrees to acquire FineMark for $585 million in stock, boosting earnings and expanding wealth presence in key markets.
U.S. regional bank Commerce Bancshares has agreed to acquire rival FineMark Holdings in an all-stock deal valued at $585 million, the companies said on Monday.
KANSAS CITY, Mo. & FORT MYERS, Fla.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ:CBSH) (“Commerce”) and FineMark Holdings, Inc. (OTCQX:FNBT) (“FineMark”) today jointly announced they have entered into a definitive merger agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585MM. FineMark is the parent company of FineMark National Bank & Trust, a nationally chartered commercial bank and trust company serving clients through 1.
Loan growth, high rates and balance sheet moves fuel CBSH's revenue outlook, but rising costs and asset quality strain.
Investors with an interest in Banks - Midwest stocks have likely encountered both Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH). But which of these two stocks is more attractive to value investors?
Dividend yields are rising on these 10 stocks. Dividend yields tend to on one of two occasions: the company is raising the dividend payout or the share price is sinking.
Commerce (CBSH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors interested in stocks from the Banks - Midwest sector have probably already heard of Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH). But which of these two stocks presents investors with the better value opportunity right now?
Commerce (CBSH) reported earnings 30 days ago. What's next for the stock?
Investors interested in Banks - Midwest stocks are likely familiar with Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH). But which of these two companies is the best option for those looking for undervalued stocks?