United Community Banks, Inc.'s Commercial Bancgroup (CBK.US) IPO is priced at $25.75-27.75 per share, with plans to raise $100 million.

Headquartered in Harragait, Tennessee, the community bank group Commercial Bancgroup (CBK.US) with branches throughout Kentucky, North Carolina, and Tennessee, announced on Monday the specific terms of its initial public offering (IPO). The company plans to raise $100 million by issuing 3.7 million shares of stock (75% of which are secondary shares) at a price range of $25.75 to $27.75 per share. At the midpoint of this range, Commercial Bancgroup's market value will reach $367 million. Operating under the full-service community bank model through its subsidiary Commercial Bank, the company currently has a total of 34 operating branches and one loan office in Kentucky, North Carolina, and Tennessee. Its core service areas include Nashville, Knoxville, and the Tri-cities metropolitan statistical areas in Tennessee, parts of southeastern Kentucky, and the Charlotte metropolitan statistical area in North Carolina. As of June 30, 2025, the consolidated total assets of the commercial bank were $2.3 billion, with a loan balance (after deducting credit loss reserves) of $1.8 billion, a deposit size of $1.9 billion, and total equity of $235 million. Established in 1975, Commercial Bancgroup generated revenue of $89 million in the twelve months leading up to June 30, 2025. The company plans to list on the NASDAQ Stock Exchange under the ticker symbol CBK. Hovde Group serves as the exclusive bookrunner for the IPO, with the final issue price expected to be determined by the end of this month.