Commercial Bank Welcomes Dr. Jason McConnell to Board of Directors

Rhea-AI Summary

Commercial Bank (CBK) announced the appointment of Dr. Jason McConnell to its Board of Directors effective December 1, 2025. Dr. McConnell brings experience in technology integration, financial oversight, and strategic growth, and currently serves as President of Lincoln Memorial University, a role he assumed in 2024. His background includes senior IT and finance leadership positions and leading an AI analysis platform adopted as a national model. Commercial Bank said his leadership will support the bank's innovation and community-focused priorities.

Positive

• Board appointment effective December 1, 2025
• Named President of Lincoln Memorial University in 2024
• Led integration of an AI analysis platform serving as a national model

Negative

• None.

Key Figures

Board appointment date December 1, 2025 Effective date of Dr. McConnell joining the Board

Year named president 2024 Year Dr. McConnell became President of Lincoln Memorial University

Advanced degrees 2 doctorates PhD in Information Technology and Doctorate of Business Administration

Current price $24.75 Price before publication of board appointment news

52-week high $25.89 Upper end of 52-week trading range pre-announcement

52-week low $23.36 Lower end of 52-week trading range pre-announcement

Market cap $302,564,000 Equity value prior to the board appointment news

IPO price $24.00 Price per share in October 2025 IPO from prior earnings release

Market Reality Check

$24.12 Last Close

Volume Volume 79,473 is about 2.1x the 20-day average of 37,879, indicating elevated trading interest ahead of the board announcement. high

Technical Price at 24.75 is trading above the 200-day moving average of 24.46 and remains 4.4% below the 52-week high.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Board appointment	Positive	-2.3%	Appointment of Dr. Jason McConnell to the bank’s Board of Directors.
Nov 19	CFO promotion	Positive	-0.9%	Promotion of Roger Mobley to Chief Financial Officer of Commercial Bank.
Oct 27	Q3 2025 earnings	Positive	-1.6%	Report of Q3 2025 net income, YTD results, and balance sheet metrics.
Oct 20	Earnings call notice	Neutral	+2.5%	Announcement of Q3 2025 earnings release date and conference call details.
Oct 03	IPO closing	Positive	+1.9%	Closing of IPO selling 7,173,092 shares at $24.00 per share.

Pattern Detected

Recent positive or management-focused news (including this board appointment, CFO promotion, and Q3 earnings) often saw negative next-day moves, while the IPO and an earnings call scheduling release coincided with gains.

Recent Company History

Over the last few months, Commercial Bancgroup moved from IPO to its first reported quarter as a public company. The IPO closed on Oct 3, 2025 and trading began on Oct 2. Q3 2025 results on Oct 27 highlighted net income of $9.5M and YTD net income of $27.1M, alongside an IPO priced at $24.00. Subsequent releases focused on the Q3 earnings call schedule and management changes, including a new CFO and now a new director, signaling ongoing governance and leadership build-out post-IPO.

Market Pulse Summary

This announcement adds a technology- and finance-focused leader to Commercial Bank’s board, aligning with its innovation and community-banking goals. It follows the company’s recent IPO at $24.00 per share and first public Q3 2025 results, as well as a CFO transition. Together, these steps show ongoing post-IPO governance build-out. Investors may track how Dr. McConnell’s background in AI integration and higher-education leadership influences strategic initiatives and future financial disclosures.

Key Terms

ai analysis platform technical

"integrated an AI analysis platform that is serving as a national model."

An AI analysis platform is software that uses machine learning to collect, organize and spot patterns in large sets of financial, operational or market data, often automating tasks like forecasting, risk scoring or trend detection. For investors, it acts like a fast, tireless research assistant that can reveal subtle signals, speed decision-making and lower manual costs, but its outputs depend on data quality and model choices and should be weighed alongside human judgment.

AI-generated analysis. Not financial advice.

HARROGATE, TENNESSEE / ACCESS Newswire / December 1, 2025 / Commercial Bank is pleased to announce that Dr. Jason McConnell of Rose Hill, VA, has been appointed to the Board of Directors for the bank. Dr. McConnell brings extensive experience in technology integration, financial oversight, and strategic growth; skills that align with the bank's mission and innovation goals.

Jason McConnell is a figurehead in the Harrogate community, currently serving as President of Lincoln Memorial University, where he has facilitated its expansion into Florida and integrated an AI analysis platform that is serving as a national model. During his tenure at LMU, he has held several key roles, including Senior Network Administrator, Director of Medical Information Technology, Chief Information Officer, Executive Vice President for Finance, and Senior Executive Vice President, before being named President in 2024.

"We are delighted to welcome Jason to the Commercial Bank board. His expertise in higher education will be invaluable as we continue to advance our strategic priorities and serve our communities," Said Adam Robertson, Executive Chairman of the Board.

Dr. McConnell states, "I am truly honored to join the board of Commercial Bank. As a university president, technologist, business owner, and pilot, I've devoted my career to connecting innovation with real-world impact. Commercial Bank embodies that same spirit, grounded in trusted relationships and driven by forward-thinking solutions that help individuals and businesses thrive. I'm grateful for the opportunity to contribute, even in a small way, to a company that continues to define what community-focused banking can mean in a modern, connected world."

Jason McConnell holds a PhD in Information Technology and a Doctorate of Business Administration. He resides in his hometown in Virginia with his wife, Beth, and two sons. Outside of work and academia, he is an avid pilot with a passion for exploration and adventure. Commercial Bank is confident his leadership and vision will help guide us to continued success.

About Commercial Bancgroup, Inc.

Commercial Bancgroup, Inc. is a bank holding company headquartered in Harrogate, Tennessee. Through our wholly owned subsidiary, Commercial Bank, a Tennessee state-chartered commercial bank, we offer a suite of traditional consumer and commercial banking products and services to businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee. More information about Commercial can be found on its website at www.cbtn.com.

Contacts

Philip J. Metheny
Sr. Executive Vice President, Chief Financial Officer
Commercial Bancgroup, Inc.
ir@cbtn.com
423-869-5151 Ext. 3307

Roger Mobley
Executive Vice President, Chief Financial Officer
Commercial Bank
ir@cbtn.com
704-648-0185 Ext. 4118

SOURCE: Commercial Bancgroup, Inc.

View the original press release on ACCESS Newswire

FAQ

Who was appointed to the Commercial Bank board on December 1, 2025 (CBK)?

Dr. Jason McConnell was appointed to the Commercial Bank board on December 1, 2025.

What experience does Dr. Jason McConnell bring to Commercial Bank (CBK)?

He brings technology integration, financial oversight, and strategic growth experience, including senior IT and finance roles and university leadership.

When did Dr. Jason McConnell become president of Lincoln Memorial University?

He was named president of Lincoln Memorial University in 2024.

How might Dr. Jason McConnell's AI experience affect Commercial Bank (CBK)?

His role in integrating an AI analysis platform that serves as a national model could inform the bank's innovation and technology strategy.

Does the board appointment of Dr. Jason McConnell indicate a change in Commercial Bank strategy (CBK)?

The company said the appointment supports its focus on innovation and community-focused banking but did not announce specific strategy changes.

Where does Dr. Jason McConnell reside and what are his qualifications listed for Commercial Bank (CBK)?

He resides in Rose Hill, Virginia, holds a PhD in Information Technology and a Doctorate of Business Administration, and has held multiple senior IT and finance roles.