Dan Boyd Promoted to President of Branch/Retail Banking

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.

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

Market Reality Check

$24.49 Last Close

Volume Volume 24,673 is about 19% of the 129,420 share 20-day average, indicating muted trading. low

Technical Price 24.12 is trading below the 200-day moving average at 24.55.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Board appointment	Positive	-2.3%	New director with technology and growth background joins the board.
Nov 19	CFO promotion	Positive	-0.9%	Assistant CFO from AB&T promoted to CFO of Commercial Bank.
Oct 27	Q3 2025 earnings	Positive	-1.6%	Reported Q3 net income, YTD results and balance-sheet metrics post-IPO.
Oct 20	Earnings call notice	Neutral	+2.5%	Announced dates and access details for Q3 2025 earnings release and call.
Oct 03	IPO closing	Positive	+1.9%	Closed IPO of over 7.17M shares at $24 with $30.6M net proceeds.

Pattern Detected

Recent positive governance, IPO, and earnings news often coincided with short-term price weakness, with only the IPO closing showing alignment between upbeat news and a positive price move.

Recent Company History

Over the last few months, Commercial Bancgroup (CBK) reported its IPO, Q3 2025 earnings, board and CFO appointments, and earnings call scheduling. The IPO raised net proceeds of $30.6M at $24.00 per share and preceded Nasdaq trading under CBK. Earnings highlighted $9.5M Q3 net income and an efficiency ratio of 46.2%. Governance upgrades included a new director and CFO. Today’s promotion of a President of Branch/Retail Banking continues this management build-out following the Alliance Bank & Trust acquisition integration.

Market Pulse Summary

This announcement highlights Commercial Bank’s continued build-out of its leadership team, appointing a President of Branch/Retail Banking with over 40 years of experience and a track record of growing AB&T’s assets from $140 million to $270 million. It extends the integration of the July 2024 Alliance Bank & Trust acquisition and aligns with prior board and CFO appointments. Investors may watch how branch performance, core deposits, and treasury management services evolve under this structure.

Key Terms

treasury management financial

"he will oversee the six Regional Market Presidents, Government Lending, Treasury Management and Deposits"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

AI-generated analysis. 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 $140 million to $270 million while maintaining strong profitability and a high-quality balance sheet. He brings over 40 years of banking experience, including senior leadership roles at NewDominion Bank, Park Sterling Bank, First Gaston Bank, and Wachovia Bank.

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

FAQ

Who is Dan Boyd and what is his new role at Commercial Bank (CBK)?

Dan Boyd was promoted to President of Branch/Retail Banking, overseeing regional presidents and retail product lines.

When did Dan Boyd join Commercial Bank (CBK) and how?

He joined on July 1, 2024 through Commercial Bank's acquisition of Alliance Bank & Trust.

What responsibilities will Dan Boyd have as President of Branch/Retail Banking at CBK?

He will oversee six Regional Market Presidents and manage Government Lending, Treasury Management, Deposits, and retail product development.

What track record did Dan Boyd bring to Commercial Bank (CBK)?

As president and CEO of Alliance Bank & Trust, he grew assets from $140M to $270M and maintained profitability.

How might Dan Boyd’s promotion affect CBK’s deposit and treasury strategy?

Management expects consolidated branch leadership to support growth in the core deposit base and expansion of treasury services.

What is Dan Boyd’s industry experience and education background?

He has over 40 years of banking experience and holds a Bachelor of Science from Wake Forest University.