Commercial Bancgroup (CBK) Plans to Raise $98.98 million in September 29th IPO

Commercial Bancgroup (CBK) plans to raise $98.98 million in an IPO on the week of September 29th, IPO Scoop reports. The company plans to issue 3,700,000 shares at $25.75-$27.75 per share.

In the last 12 months, Commercial Bancgroup generated $88.70 million in revenue and $32.40 million in net income. Commercial Bancgroup has a market-cap of $352.41 million.

Hovde Group served as the underwriter for the IPO.

Commercial Bancgroup provided the following description of their company for its IPO: “(Incorporated  in Delaware) We are a community bank holding company. Our flagship, Community Bank, operates 34 bank offices in Kentucky, North Carolina and Tennessee. We serve the Nashville, Knoxville and Tri-Cities Metropolitan Statistical Area. We also serve other counties in Tennessee, along with some counties in Southeast Kentucky and the Charlotte MSA in North Carolina. We also operate one loan production office. Commercial Bancgroup had total consolidated assets of $2.3 billion, loans totaling $1.8 billion and deposits of $1.9 billion as well as total shareholders’ equity of $235 million – as of June 30, 2025. The outstanding loan volume is net of the bank’s allowance for loan losses, according to the prospectus. Note: Net income and revenue are for the 12 months that ended June 30, 2025. (Note: Commercial Bancgroup disclosed the terms for its IPO: 3.74 million shares at a price range of $25.75 to $27.75 to raise $100.0 million, if priced at the $26.75 mid-point of its range. Most of the shares are being offered by selling shareholders, according to the prospectus.)    “.

Commercial Bancgroup was founded in 1975 and has 298 employees. The company is located at 6710 Cumberland Gap Parkway Harrogate, Tennessee 37752 and can be reached via phone at (423) 869-5151 or on the web at http://www.cbtn.com./.