Tennessee bank aims to raise up to $103.7M in IPO

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Commercial Bancgroup, a Tennessee-based, state-chartered commercial bank, aims to raise up to $103.7 million through an initial public offering, the company said in a press release Monday. Stricter regulations, higher compliance costs and volatile market conditions have made public listings increasingly rare for banks since the 2007-08 financial crisis ...