National Commerce Corporation Launches Initial Public Offering of Common Stock

BIRMINGHAM, Ala.--()--National Commerce Corporation (“NCC”), the parent company of National Bank of Commerce, announced today that it has launched an initial public offering of 1,600,000 shares of its common stock, including 1,542,000 shares offered by NCC and 58,000 shares offered by a selling stockholder. The shares of NCC common stock are being offered pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (“SEC”) at an expected price range between $18.50 and $20.50 per share. NCC has also granted the underwriters a 30-day option to purchase up to an additional 240,000 shares. NCC common stock is expected to trade on the NASDAQ Global Select Market under the symbol “NCOM.”

Keefe, Bruyette & Woods, Inc. is acting as sole book-running manager for the offering. Raymond James & Associates, Inc., Sterne, Agee & Leach, Inc. and FIG Partners, LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Keefe, Bruyette & Woods, Inc., A Stifel Company, 787 Seventh Avenue, 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling 1-800-966-1559.

The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time at which the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About National Commerce Corporation

NCC is a bank holding company headquartered in Birmingham, Alabama. Through its subsidiary bank, National Bank of Commerce, NCC provides a broad array of financial services to businesses, business owners and professionals through eight full-service banking offices in Alabama and seven full-service banking offices in Central Florida. The company also owns a majority stake in 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 nationwide.

NCC files periodic and other reports with the SEC. Copies of its filings may be obtained through the SEC’s website at www.sec.gov, or at www.nationalbankofcommerce.com.

Contacts

National Commerce Corporation
William E. Matthews, V, 205-313-8122
Vice Chairman and Chief Financial Officer
wmatthews@nationalbankofcommerce.com

Contacts

National Commerce Corporation
William E. Matthews, V, 205-313-8122
Vice Chairman and Chief Financial Officer
wmatthews@nationalbankofcommerce.com