AtlasClear Holdings, Inc. (NYSE American: ATCH) announced today that it has filed regulatory applications with the Federal Reserve Board and the Wyoming Division of Banking to acquire Commercial Bancorp, the parent company of Farmers State Bank. This move follows the February 2026 announcement of a definitive Share Purchase Agreement to acquire 100% of the outstanding shares of Commercial Bancorp. Approximately 73% of the total consideration is structured in AtlasClear common stock, with the remainder in cash, subject to customary adjustments.
Craig Ridenhour, President of AtlasClear, emphasized the significance of this milestone: "Submitting these regulatory applications is a significant step forward in executing our strategy to build a fully integrated financial services platform. Farmers State Bank brings a stable, profitable, and well-capitalized banking franchise that will complement our existing clearing infrastructure at Wilson-Davis & Co. We believe this combination will enhance our capabilities in deposits, payments, and lending, while creating long-term value for shareholders through scale, diversified revenue streams, and operational synergies."
Sandip Patel, General Counsel and CFO of AtlasClear, added: "Our filings reflect a transaction structure carefully designed to satisfy the requirements of both the Federal Reserve Board and the Wyoming Division of Banking. We have worked diligently to ensure our applications are thorough and complete, and we are confident in our ability to advance through the regulatory review process. Upon closing, the addition of Farmers State Bank's regulated banking capabilities will directly support our vision of delivering a fully integrated clearing and banking platform to our clients."
The acquisition is expected to add regulated deposit, payment, and lending capabilities to AtlasClear's existing clearing and financial infrastructure platform operated through its subsidiary, Wilson-Davis & Co., Inc. Completion remains subject to customary closing conditions, including regulatory approvals from the Federal Reserve Board and the Wyoming Division of Banking, as well as the effectiveness of a resale registration statement covering the shares to be issued.
AtlasClear discusses the regulatory filing process and its broader platform strategy in a new episode of Clearing the View, the Company's investor video series, now available on the Company's YouTube channel. For more information, visit www.atlasclear.com.
