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National Commerce Corporation Announces Underwriters' Exercise of Option to Purchase Additional Shares from Initial Offering

BIRMINGHAM, AL (March 27, 2015) – National Commerce Corporation (NASDAQ: NCOM), the parent company of National Bank of Commerce, announced today that the underwriters of its initial public offering exercised their option to purchase an additional 255,000 shares of NCC’s common stock at the public offering price of $19.50 per share.

As a result of the exercise of the underwriters’ option to purchase additional shares, the total number of shares sold in the offering was 1,955,000, including 1,897,000 newly issued shares sold by NCC and 58,000 shares sold by a selling stockholder, resulting in aggregate gross proceeds of $38.12 million. NCC’s shares began trading on the Nasdaq Global Select Market on Thursday, March 19, 2015, under the ticker symbol “NCOM.”

NCC intends to use the net proceeds to the company, before offering expenses, of approximately $34.49 million to support growth, for working capital and for other general corporate purposes.

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

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 state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A registration statement relating to these securities was filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). Copies of the final prospectus relating to the offering may be obtained from Keefe, Bruyette & Woods, A Stifel Company, 787 Seventh Avenue, 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling 1-800-966-1559.

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.

Contact Information
William E. Matthews, V
Vice Chairman and Chief Financial Officer
National Commerce Corporation
(205) 313-8122


Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the federal securities laws about NCC. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” or “could,” or words of similar effect or meaning, are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Forward-looking statements are based on management’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from NCC’s historical results or those expressed or implied by the forward- looking statements. See “Special Note Regarding Forward-Looking Statements” and “Risk Factors” in the prospectus that forms part of NCC’s registration statement on Form S-1. Any forward-looking statement made by NCC in this press release speaks only as of the date hereof. New risks and uncertainties may arise from time to time, and it is impossible for NCC to predict these events or how they may affect NCC.

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