PRESS RELEASE
19 December 2024

K&L Gates Represents Commercial Bancgroup, Inc. In Mergers With AB&T Financial Corporation

KG
K&L Gates LLP

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At K&L Gates, we foster an inclusive and collaborative environment across our fully integrated global platform that enables us to diligently combine the knowledge and expertise of our lawyers and policy professionals to create teams that provide exceptional client solutions. With offices spanning across five continents, we represent leading global corporations in every major industry, capital markets participants, and ambitious middle-market and emerging growth companies. Our lawyers also serve public sector entities, educational institutions, philanthropic organizations, and individuals. We are leaders in legal issues related to industries critical to the economies of both the developed and developing worlds—including technology, manufacturing, financial services, health care, energy, and more.
Global law firm K&L Gates LLP advised Commercial Bancgroup, Inc., the parent company of Commercial Bank, in its merger with AB&T Financial Corporation, the parent company of Alliance.
United States

Global law firm K&L Gates LLP advised Commercial Bancgroup, Inc., the parent company of Commercial Bank, in its merger with AB&T Financial Corporation, the parent company of Alliance Bank & Trust Company. The firm also advised on the merger of Commercial Bank and Alliance Bank & Trust Company. The mergers create a community banking franchise with approximately US$2.2 billion in total consolidated assets.

With the completion of the mergers, Commercial Bank now operates 35 branch offices in Kentucky, North Carolina, and Tennessee.

The K&L Gates team for Commercial Bancgroup was led by Nashville partner Adam Smith with assistance from Charlotte partners Sean Jones and Randy Clark, Nashville associate Mary Blomquist, and Charlotte associate Lindsey Taulbee.

K&L Gates' Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.

Contributor

At K&L Gates, we foster an inclusive and collaborative environment across our fully integrated global platform that enables us to diligently combine the knowledge and expertise of our lawyers and policy professionals to create teams that provide exceptional client solutions. With offices spanning across five continents, we represent leading global corporations in every major industry, capital markets participants, and ambitious middle-market and emerging growth companies. Our lawyers also serve public sector entities, educational institutions, philanthropic organizations, and individuals. We are leaders in legal issues related to industries critical to the economies of both the developed and developing worlds—including technology, manufacturing, financial services, health care, energy, and more.

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