COMMERCIAL BANCGROUP Business Summary

Commercial Bancgroup Inc (CBK) operates as the bank holding company for Commercial Bank, generating revenue primarily through net interest income from a diverse loan portfolio and non-interest income from service charges and insurance fees. The company’s business is organized into three primary segments: Retail Banking, which provides mortgages and consumer lending; Commercial Banking, focused on small-to-medium enterprises (SMEs) and real estate development; and Financial Services, encompassing insurance and digital banking solutions. Following its October 2025 IPO, the firm has aggressively expanded its footprint across the Appalachian region, specifically in Tennessee, Kentucky, and North Carolina. CBK competes directly with regional players such as SB Financial Group Inc, ChoiceOne Financial Services Inc, and Sierra Bancorp, positioning itself as a high-touch, community-centric alternative that leverages localized decision-making to maintain a superior net interest margin relative to larger national peers. The leadership team is anchored by CEO and President Terry Lee, who has steered the organization’s regional growth for over two decades, and Executive Chairperson John Adam Robertson, a principal stakeholder representing the founding family’s legacy. The executive suite was further strengthened in early 2026 with the promotions of Justin R. Payne to Chief Information Officer and Dan Boyd to President of Branch/Retail Banking, reflecting a strategic pivot toward digital integration and retail expansion. The company was founded in 1975 by the late E. Oscar Robertson, whose vision for community-focused banking remains central to its operations. Notable governance includes Board Member Dr. Jason McConnell, President of Lincoln Memorial University, who provides expertise in technology and regional development. The Robertson Holding Company, L.P. remains a dominant institutional investor, ensuring long-term continuity in the firm’s strategic direction.