M&A Advisory
K&L Gates
Full Credential Description
Commercial Bancgroup, Inc., the parent company of Commercial Bank, faced the challenge of expanding its community banking presence through strategic mergers. The firm sought to merge with AB&T Financial Corporation, the parent company of Alliance Bank & Trust Company, to enhance its market position and operational capacity. K&L Gates LLP provided tailored legal advice throughout this complex merger process, facilitating the merger of both banks. The successful completion of these mergers resulted in the creation of a community banking franchise with approximately US$2.2 billion in total consolidated assets. Following the mergers, Commercial Bank expanded its footprint to operate 35 branch offices across Kentucky, North Carolina, and Tennessee, significantly increasing its market reach and service capabilities. This strategic move not only strengthened Commercial Bancgroup's position in the banking sector but also enhanced its ability to serve a larger customer base, demonstrating the effectiveness of K&L Gates' legal expertise in navigating the intricacies of financial mergers and acquisitions.
Measurable Results
Successfully completed $2.2B transaction