Dan Boyd Promoted to President of Branch/Retail Banking
Commercial Bank (NYSE:CBK) promoted Dan Boyd to President of Branch/Retail Banking effective January 2, 2026.
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Rhea-AI Summary
Commercial Bank (NYSE:CBK) promoted Dan Boyd to President of Branch/Retail Banking effective January 2, 2026. He will oversee the six Regional Market Presidents plus Government Lending, Treasury Management and Deposits, and lead development of treasury management, deposit, insurance, investments and retail lending services.
Boyd joined Commercial Bank on July 1, 2024 through the acquisition of Alliance Bank & Trust, previously served as President and CEO of Alliance Bank & Trust where assets grew from $140 million to $270 million. He brings over 40 years of banking experience and holds a Bachelor of Science from Wake Forest University. Management said the promotion aligns branch and retail leadership to support future growth.
Positive
- Named President of Branch/Retail Banking overseeing six regional presidents
- Responsible for Treasury Management, Deposits, government lending oversight
- Led AB&T asset growth from $140 million to $270 million
Negative
- None.
Details
News Market Reaction – CBK
On Jan 5, the first trading day after this news, CBK closed 1.00% above the previous close.
Data tracked by StockTitan Argus for the Jan 5 session.
Key Figures
- Regional Market Presidents
- 6
- Number of Regional Market Presidents Boyd will oversee
- AB&T assets before
- $140 million
- Assets at Alliance Bank & Trust at start of Boyd’s tenure
- AB&T assets after
- $270 million
- Assets at Alliance Bank & Trust at end of Boyd’s tenure
- Banking experience
- over 40 years
- Boyd’s total banking experience
- AB&T CEO tenure start
- 2015
- Year Boyd became President and CEO of AB&T
- AB&T acquisition date
- July 1, 2024
- Date AB&T was acquired and Boyd joined Commercial Bank
Historical Context
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New director with technology and growth background joins the board.
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Assistant CFO from AB&T promoted to CFO of Commercial Bank.
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Reported Q3 net income, YTD results and balance-sheet metrics post-IPO.
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Announced dates and access details for Q3 2025 earnings release and call.
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Closed IPO of over 7.17M shares at $24 with $30.6M net proceeds.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
treasury management financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARROGATE, TENNESSEE / ACCESS Newswire / January 2, 2026 / Commercial Bank is pleased to announce the promotion of Dan Boyd to President of Branch/Retail Banking. In this role, he will oversee the six Regional Market Presidents, Government Lending, Treasury Management and Deposits. In addition, Boyd will further develop the bank's treasury management services, deposit base, insurance and investments departments, and retail lending.
Boyd joined Commercial Bank on July 1, 2024 with the acquisition of Alliance Bank & Trust Company (AB&T), becoming the Market President for North and South Carolina. He previously served as President and CEO of AB&T, a role he held since 2015. During his tenure, Boyd successfully grew AB&T's assets from
Boyd has a Bachelor of Science from Wake Forest University. He is active in his local community and currently serves as Vice Chairman of the Board of CaroMont Health as well as being a board member of Carolina Business Capital. He has previously held leadership positions for Gaston Day School, Gaston Chamber of Commerce, and the Schiele Museum.
"I am pleased to promote Dan to this critical leadership role," said Terry Lee, CEO and President of Commercial Bank and Commercial Bancgroup, Inc. (CBI). "This position will bring the branch network and Retail Banking under a consistent leadership and prepare the bank for future growth. This promotion demonstrates the quality of talent obtained by CBI as a result of acquisitions."
Boyd stated, "I am excited to assume this new leadership opportunity and to continue to enhance the bank's strategic initiative to grow our core deposit base and ancillary bank products and services across our entire market footprint."
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 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 Bancgroup, Inc. can be found on its website at ir.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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