Bank of Commerce

What Bank of Commerce does

Bank of Commerce is a privately held Mississippi community bank founded in 1904 and headquartered in Greenwood, operating 17 branches across North and Central Mississippi under parent company Commerce Bancorp Inc. The bank serves retail consumers, small and medium businesses, agricultural operations, and commercial real estate clients through a hub-and-spoke model combining physical branches, in-person relationship managers, and digital channels (online banking, mobile app, Zelle, mobile wallets, SavvyMoney credit monitoring, Card Suite Lite). Core products include personal and business checking/savings/money-market/CD/IRA accounts, consumer and mortgage lending (including a 5.11% APY Boost Checking product and a 3.99% introductory HELOC), BOC Mortgage, and a Treasury Solutions suite (ACH origination, remote deposit capture, positive pay, merchant card services through BancCard, payroll cards through Dash-Prepaid Technologies).

The bank's technology stack is standard community-banking infrastructure, including FIS-backed digital banking, eStatements with 24 months of history, and SUM ATM network participation. Revenue is generated primarily through net interest income on the loan portfolio (mortgages, HELOCs, consumer, commercial, agricultural, CRE) supplemented by deposit and treasury-related fees (account service fees, ATM/excess transaction fees, treasury and merchant service fees). The bank is FDIC-insured, an Equal Housing Lender, and a designated Community Development Financial Institution (CDFI).

The most significant recent strategic event was the May 2023 definitive merger agreement with Holmes County Bank via Commerce Bancorp Inc., creating a combined institution with total assets exceeding $1.1 billion, followed by an announced de novo Columbus branch and continued digital ecosystem buildout through third-party integrations. The bank is led by President & CEO Bryan Thornhill and CFO Zach Luke.

Name

Bank of Commerce

Legal name

Bank of Commerce

Website

https://bankcom.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of Commerce is a Mississippi community bank, founded in 1904 and headquartered in Greenwood, operating 17 branches under parent Commerce Bancorp Inc. It serves consumers, SMBs, agricultural, and commercial real estate clients with deposits, lending, mortgage, and treasury solutions supported by FDIC and CDFI designations.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Digital Retail Banking (Online & Mobile) (FSABAAAF), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Community banking
• Consumer lending
• Small business banking
• Treasury management
• Mortgage services

Headquarters

HQ city

Greenwood

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from interest earned on loans including mortgages, commercial loans, HELOCs, and personal loans. The bank earns interest rate spreads between lending rates and deposit costs.
2. Account Service Fees: Monthly service fees on checking and savings accounts when minimum balance requirements are not met. Examples include $15 monthly fee for Business Checking if balance falls below $1,000, $10 fee for Boost Checking if balance falls below $1,000.
3. ATM and Transaction Fees: Fees for ATM withdrawals including $1.25 service fee for SUM ATM usage, excessive withdrawal fees on savings accounts ($1 per withdrawal over 6 per cycle), and early account closure fees ($20).
4. Treasury Solutions Fees: Revenue from business banking services including ACH origination, merchant card services, remote deposit capture, and payroll card services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Bank of Commerce is a Mississippi-based community bank that provides personal and business banking products through 17 physical branches, digital channels, and a dedicated treasury solutions team. Its core offerings include consumer and business deposit accounts (checking, savings, money markets, CDs, IRAs), consumer and commercial lending (mortgages, HELOCs, business/agricultural loans), and treasury management services such as ACH origination, remote deposit capture, merchant card processing, positive pay, and payroll cards. The bank is FDIC insured, operates as a subsidiary of Commerce Bancorp Inc., and serves retail consumers, small/medium businesses, commercial real estate, and agricultural operations in North and Central Mississippi.

Product overview

Bank of Commerce is a Mississippi-based community bank offering a comprehensive suite of banking products and services through a hub-and-spoke architecture. The core offering consists of personal and business deposit accounts (checking, savings, money markets, CDs, IRAs) alongside lending products (consumer loans, mortgages, HELOCs, business loans, agricultural financing). These are complemented by Treasury Solutions modules (ACH Origination, Remote Deposit Capture, Merchant Card Services, Positive Pay, Payroll Cards) for business clients. Digital banking is delivered through an integrated eBanking platform offering Online Banking, Mobile Banking, Bill Pay, eStatements, Zelle, Card Suite Lite, Mobile Wallet, Personal Finance tools, and Credit Score monitoring. The bank also provides educational services (Financial Education Bootcamp) and ancillary services including safe deposit boxes, wire transfers, and notary services. The product portfolio serves both retail and commercial customers across 17 Mississippi locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts with free and interest-bearing options, unlimited check writing, and overdraft coverage for individuals and families.
• Personal Savings Savings and money market accounts including Personal Sapphire, Investment Savings, Individual Money Market, IRAs, and Certificates of Deposit with tiered interest structures for individuals.
• Boost Checking

Quantifiable outcome

• Bank of Commerce has served Mississippi communities for over 120 years
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature9 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Holmes County BankcoreStrategic or Co-development Partner · 1 May 2023Bank of Commerce, through parent company Commerce Bancorp Inc., signed a definitive merger agreement with Holmes County Bank (through parent Holmes County Corporation). Upon completion, the combined institution strengthens its position as one of Mississippi's leading community banks with 15 locations and total assets exceeding $1.1 billion.
• Columbus-Lowndes Chamber of CommerceminorGTM or Marketing PartnerBank of Commerce partnered with the Columbus-Lowndes Chamber for Business After Hours networking events, demonstrating commitment to local business community engagement.
• Palmer Home for ChildrenminorOthersBank of Commerce made a donation to Palmer Home for Children through Mississippi's Children's Promise Act, supporting the important work being done at the organization throughout the state.
• SUM Program (ATM Network)coreTechnology or IntegrationBank of Commerce participates in the SUM ATM Program, enabling customers to use thousands of ATMs surcharge-free across the country. Bank of Commerce charges a $1.25 service fee for SUM ATM usage.
• Zelle (Early Warning Services)coreTechnology or IntegrationBank of Commerce integrates Zelle for fast, safe person-to-person money transfers within its mobile and online banking platforms, enabling customers to send money to friends, family, and small businesses.

Scale indicators3 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• Cadence Bank: Mississippi-rooted commercial bank (formerly BancorpSouth) offering community-style banking across the Southeast. Overlaps with Bank of Commerce in Mississippi geography and SMB/commercial banking mix, though larger in scale.
• Trustmark Corporation: Mississippi-headquartered bank holding company operating a similar community/commercial banking franchise across the Southeast. Directly comparable as a state-rooted regional bank serving SMB and consumer customers in overlapping Mississippi markets.
• Renasant Corporation: Mississippi-based community bank with a comparable branch-led, relationship-based banking model across the Southeast. Similar size band, similar consumer/SMB lending focus, and recent acquisition history make Renasant a near-direct comparable.
• Planters Bank: Mississippi community bank offering consumer and commercial banking products across rural Mississippi. Direct comparable in branch-based, relationship-driven banking in similar small-town markets.
• Citizens National Bank of Meridian: East Mississippi community bank offering consumer and business banking across the region. Closely comparable in branch-based community banking focus and SMB lending orientation within overlapping Mississippi geography.
• The First Bancshares: Mississippi-based community bank holding company (The First, A National Banking Association) with comparable size, deposit gathering, and SMB lending focus across the Southeast.

Broad incumbents

• Hancock Whitney Corporation: Gulf Coast-focused regional bank headquartered in Mississippi. Operates a broader geographic footprint with similar community-bank style relationship lending and treasury solutions for businesses in overlapping Mississippi markets.
• Regions Bank: Major Southeast regional bank with extensive Mississippi branch footprint. Comparable in product set (consumer checking, mortgages, commercial lending, treasury) but competes as a much larger incumbent.
• First Horizon Corporation: Large Southeast regional bank (First Tennessee/First Horizon) with meaningful Mississippi presence. Comparable as a regional incumbent offering consumer and commercial banking, but operates at materially larger scale.

Regional players

• BancorpSouth (legacy / pre-Cadence): Mississippi-rooted community banking franchise now part of Cadence; comparable as a historical peer in geographic focus and product mix within Mississippi, though now operates under broader corporate ownership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/bankofcommercems
• LinkedInlinkedin.com/company/bank-of-communications-luxembourg-s.a.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Commerce