Commercial Bank Rings Nasdaq Bell for 50th Anniversary and $172M IPO
Commercial Bank CEO Terry Lee rang the Nasdaq opening bell on March 23 to commemorate the bank’s 50th anniversary and its October 2025 Nasdaq debut. The Harrogate-based lender operates 35 branches across Tennessee, Kentucky and North Carolina and raised $172 million in its September 2025 IPO.
1. Nasdaq Bell Ceremony
On March 23, CEO Terry Lee traveled to New York City and rang the opening bell at Nasdaq MarketSite, marking Commercial Bank’s transition to a publicly traded company and celebrating its half-century of operations.
2. Golden Jubilee Celebration
Founded in 1976 with its first branch in Claiborne County, Commercial Bank now serves communities through 35 locations across Tennessee, Kentucky and North Carolina, highlighting five decades of community banking.
3. IPO Milestone
Commercial Bancgroup completed its initial public offering on September 30, 2025, raising $172 million in the largest bank IPO in Tennessee history; shares began trading on the Nasdaq Capital Market on October 2, 2025.
4. Strategic Outlook
Leadership views the Nasdaq partnership as a catalyst for greater visibility, capital access and growth; the bank plans to leverage public markets to support operational excellence, customer relationships and targeted expansion.