Commercial Bank Welcomes Dr. Jason McConnell to Board of Directors
Commercial Bank (CBK) announced the appointment of Dr. Jason McConnell to its Board of Directors effective December 1, 2025.
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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.
Details
News Market Reaction – CBK
On Dec 2, the first trading day after this news, CBK closed 2.25% below the previous close.
Data tracked by StockTitan Argus for the Dec 2 session.
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
Historical Context
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Appointment of Dr. Jason McConnell to the bank’s Board of Directors.
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Promotion of Roger Mobley to Chief Financial Officer of Commercial Bank.
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Report of Q3 2025 net income, YTD results, and balance sheet metrics.
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Announcement of Q3 2025 earnings release date and conference call details.
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Closing of IPO selling 7,173,092 shares at $24.00 per share.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ai analysis platform technical
AI-generated analysis. How Rhea-AI works. 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
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