(Incorporated  in Delaware)

We are a community bank holding company. Our flagship, Commercial 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 upsized its IPO at pricing to 7.17 million shares – up from 3.74 million shares in the prospectus – and cut the price to $24.00 – down from the $25.75-to-$27.75 range in the SEC filings – to raise about $172.08 million on Wednesday night, Oct. 1, 2025. Of the 7.17 million shares in the upsized IPO, the bank holding company sold about 1.46 million shares and certain selling shareholders sold about 5.71 million shares. The company will not receive any proceeds from the sale of the selling shareholders’ stock. Commercial Bancgroup’s proceeds from the IPO would be about $35 million, based on the deal’s upsized terms.)

(Background: Commercial Bancgroup disclosed the terms for its IPO on Sept. 22, 2025, in an S-1/A filing: 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. Of the approximately 3.74 million shares in the IPO, only 934,579 shares are being offered by Commercial Bancgroup, while another 2,803,738 shares of common stock are being offered by the selling shareholders, according to the prospectus.)