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National Commerce Priced, Nasdaq: NCOM

Commercial bank with 15 offices in Alabama and Florida and $1.1 billion in assets.

Industry: Financials

First Day Return: +8.3%

Industry: Financials

National Commerce Corporation is a bank holding company headquartered in Birmingham, Alabama. We engage in the business of banking through our wholly owned banking subsidiary, National Bank of Commerce. Through the Bank, we provide a broad array of financial services to businesses, business owners and professionals through eight full-service banking offices in Alabama (Birmingham, Huntsville, Auburn-Opelika, and Baldwin County) and seven full-service banking offices in Central Florida (Longwood, Winter Park, Orlando, Oviedo, Kissimmee, and Vero Beach). We also own a 70% equity interest in CBI Holding Company LLC, which owns Corporate Billing, LLC, a transaction-based finance company headquartered in Decatur, Alabama, that provides factoring, invoicing, collection, and accounts receivable management services to transportation companies and automotive parts and service providers throughout the United States and parts of Canada. As of December 31, 2014, we had total assets of $1.14 billion, total deposits of $971.1 million, total loans of $888.7 million, and total shareholders’ equity of $136.2 million.
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National Commerce (NCOM) Performance