Commerce Bank to Acquire Nolan & Associates, Adding Investment Banking Capabilities

Nolan & Associates advises business owners, private equity firms, and corporations on business sales, acquisitions, and capital raising across industries such as healthcare, manufacturing, transportation, logistics, energy, telecommunications, business services, distribution, agriculture, and building products.

Nolan & Associates is a second-generation, family-owned investment banking firm with nearly 50 years of experience. The company has built a strong reputation for trusted advice and long-term client relationships. After the acquisition is completed, Nolan will operate as a wholly owned subsidiary of Commerce Bank, which plans to retain its employees and St. Louis office.

The two companies have worked together for years and share a strong focus on client service. The acquisition strengthens Commerce Bank's commercial and wealth management businesses by adding investment banking services, allowing it to support clients during key business milestones better.

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By adding Nolan's investment banking expertise, Commerce Bank will be able to offer clients a wider range of services, from growing a business to selling it and managing personal wealth. The acquisition also helps the bank strengthen relationships with commercial and wealth management clients.

For Nolan, joining Commerce Bank provides access to a larger client base, additional capital markets capabilities, and more resources to support growth. The deal also expands Nolan's reach into new markets while allowing it to maintain its client-focused approach and creating more opportunities to advise business owners on major transactions.

“Joining Commerce is an exciting next chapter for our firm,” said Patrick Nolan President, Nolan & Associates. “We have built Nolan & Associates on long-term relationships, trusted advice, and a strong commitment to our clients, and community. Commerce shares those same values and a relationship driven culture, which made this a natural fit. We are proud to continue serving our clients with the same team and approach, now backed by the broader capabilities and reach of Commerce.”

“Combining forces with Commerce enables us to remain deeply committed to our family-owned business clients, while accelerating the growth of our private equity services practice,” said Brett Pantazi, Managing Director, Nolan & Associates. “We are thrilled to partner with the Commerce Bank team.”

“With the addition of Nolan, we are expanding our ability to serve business owners through some of the most important decisions they will make—whether that’s growing, acquiring, or transitioning their business,” said Bob Holmes, Chairman and Chief Executive Officer, Commerce Bank – St. Louis. “This strengthens our ability to deliver a more seamless, end-to-end experience for our clients.”

About Commerce Bancshares

Commerce Bancshares, Inc. is a regional bank holding company with $35.7 billion in assets. Through its subsidiaries, it provides banking, payment solutions, wealth management, and securities brokerage services. Its main subsidiary, Commerce Bank, has more than 160 years of experience serving individuals and businesses with personalized financial solutions.

About Nolan & Associates

Founded in 1976 by Pat C. Nolan, Nolan & Associates is a middle-market investment banking firm that advises business owners, private equity firms, and corporations on business sales, acquisitions, and capital raising. For nearly 50 years, the firm has helped clients manage important business transactions through industry expertise and tailored financial advice.

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