National Commerce, a commercial bank with 15 offices in Alabama and Florida and $1.1 billion in assets, raised $33 million by offering 1.7 million shares (3% insider) at $19.50, the midpoint of the range of $18.50 to $20.50. The company sold 100,000 more primary shares than originally planned. National Commerce will list on the NASDAQ under the symbol NCOM. Keefe Bruyette Woods acted as a lead manager on the deal.
