American Community Bank Commercial Bancgroup (CBK.US) IPO price is US$25.75-27.75 per share and plans to raise US$100 million

Zhitong Finance App learned that Commercial Bancgroup (CBK.US), a community banking group with headquarters in Kentucky, North Carolina and Tennessee, announced the specific terms of its initial public offering (IPO) on Monday.

The Harrogate, Tennessee, company plans to raise $100 million by issuing 3.7 million shares (75% of which are secondary sales), with an issue price range of $25.75 to $27.75 per share. If calculated at the mid-point price of this range, the market value of Commercial Bancgroup would reach 367 million US dollars.

Through its subsidiary Commercial Bank, the company operates under a full-service community banking model. Currently, it has 34 business outlets and 1 loan business office in Kentucky, North Carolina, and Tennessee. Its core service areas include the Nashville, Knoxville, and Tri-Cities Metropolitan Statistical Areas in Tennessee and some other counties; parts of southeastern Kentucky; and the Charlotte Metropolitan Statistical Area of North Carolina. As of June 30, 2025, the total consolidated assets of commercial banks reached US$2.3 billion, loan balance (after deducting credit loss reserves) of US$1.8 billion, deposit size of US$1.9 billion, and total shareholders' equity of US$235 million.

Commercial Bancgroup was founded in 1975 and has achieved revenue of US$89 million in the past 12 months ending June 30, 2025. The company plans to list on the NASDAQ stock exchange under the symbol CBK. The sole bookkeeper for this IPO is Hovde Group, which is expected to determine the final offering price by the end of this month.