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 and increasing its total consolidated assets. To address this, K&L Gates LLP provided tailored legal advice during the merger with AB&T Financial Corporation, the parent company of Alliance Bank & Trust Company. This strategic merger aimed to create a more robust community banking franchise. As a result of the mergers, Commercial Bank significantly enhanced its operational footprint, now boasting 35 branch offices across Kentucky, North Carolina, and Tennessee. The total consolidated assets of the newly formed entity reached approximately US$2.2 billion, marking a substantial growth in scale and market presence. The K&L Gates team, led by Nashville partner Adam Smith, played a crucial role in structuring and facilitating these transactions, ultimately enabling Commercial Bancgroup to achieve its growth objectives in the competitive banking sector.
Measurable Results
Successfully completed $2.2B transaction