People's Bank of Commerce

What People's Bank of Commerce does

People's Bank of Commerce is an Oregon state-chartered community bank founded in 1998 and headquartered in Medford, Oregon, operating 11 full-service branches across 10 communities in Southern Oregon (Medford, Ashland, Grants Pass, Central Point, Jacksonville, Klamath Falls) and the Willamette Valley (Albany, Lebanon, Salem, Eugene). The bank operates as the primary subsidiary of PBCO Financial Corporation (OTC PINK: PBCO) and reported $788.6M in total assets, $654.0M in deposits, and $97.6M in shareholder equity as of December 31, 2025, with a $560.6M loan portfolio spanning commercial, consumer, mortgage, construction, and home equity lending.

The bank's product platform covers core retail and commercial banking — checking, savings, money market, certificates of deposit, treasury management, business and consumer loans, HELOCs, auto/boat/RV financing, mortgage servicing, and credit/debit cards — supplemented by QuickBooks/Quicken direct-connect integration, online and mobile banking channels, the MoneyPass ATM network, and the Autobooks accounting tool for small businesses. A specialized Quick Flex Loan product (≤$25,000) targets small businesses and nonprofits, alongside a fee-free Nonprofit Program. Through its Steelhead Finance subsidiary (acquired 2017), the bank also provides accounts receivable factoring to transportation carriers and freight brokers nationwide, diversifying revenue beyond traditional spread-based banking.

The bank generates revenue primarily through net interest income (the spread between loan yields and deposit costs), supplemented by non-interest income from deposit service charges, wire fees, overdraft protection, mortgage banking, and factoring fees. Its go-to-market is community-led and relationship-driven, with local decision-making authority cited as a key differentiator against larger national banks. The customer base is diversified across small and mid-sized businesses, consumers, and nonprofit organizations, with marketing emphasizing community involvement, board service, and physical branch presence alongside digital channels.

Name

People's Bank of Commerce

Legal name

People's Bank of Commerce

Website

https://peoplesbank.bank

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

People's Bank of Commerce is an Oregon community bank operating 11 branches across Southern Oregon and the Willamette Valley, offering deposit, lending, treasury management, and factoring services to small businesses, consumers, and nonprofits through its PBCO Financial holding company (OTC: PBCO).

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Community banking services
• Commercial lending
• Consumer deposit products
• Treasury management
• Accounts receivable factoring

Headquarters

HQ city

Medford

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income from loan portfolio (commercial, consumer, mortgage, construction, home equity) minus interest paid on deposits. Primary revenue driver representing the spread between interest earned on loans and paid on deposits.
2. Non-Interest Income: Fee income from deposit services, wire transfers, overdraft protection, and other banking services. Includes mortgage banking income and service charges.
3. Steelhead Finance Factoring Revenue: Accounts receivable factoring services for transportation industry. Provides cash flow solutions and backroom management to carriers and freight brokers throughout the United States.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

People's Bank of Commerce is a community bank offering deposit products (checking, savings, money market, CDs), consumer and commercial lending (including Quick Flex Loans up to $25,000), mortgage servicing, treasury management, merchant services, and personal/business bill pay to individuals, small businesses, nonprofits, and mid-sized businesses across Oregon. The bank also operates Steelhead Finance, a wholly-owned subsidiary providing accounts receivable factoring and back-office management to carriers and freight brokers in the U.S. transportation industry.

Product overview

People's Bank of Commerce is a full-service community bank offering a comprehensive suite of banking products through a single-platform architecture. The product portfolio centers on core deposit products (checking, savings, CDs, money market accounts) and lending products (business loans, personal loans, mortgages, auto loans, HELOCs, Quick Flex Loans for small businesses under $25,000). Digital banking services include personal and business eBanking with Bill Pay functionality, QuickBooks/Quicken integration, and treasury management services. The bank also operates Steelhead Finance, a subsidiary providing accounts receivable factoring for the transportation industry. Additional offerings include credit cards, debit cards with roundup savings feature, nonprofit banking programs, merchant services, and an extensive financial calculators suite.

Differentiator

Problem solved

Functional benefit

Brands

• Steelhead Finance: Accounts receivable factoring division providing cash flow and backroom management services to carriers and freight brokers in the transportation industry throughout the United States

Products and services

• Business Checking Business checking accounts offering a variety of options tailored to specific business needs, available to small and mid-sized businesses across Oregon.
• Business Savings Savings accounts designed for business financial management and growth, complementing business checking offerings.
• Business eBanking Online banking platform enabling businesses to access accounts anytime, anywhere with comprehensive account management tools, bill pay, eStatements, and self-enrollment.
• Treasury Management Cash management, merchant services, and financial operations optimization services helping businesses save time and money through treasury workflows.
• Nonprofit Program Fee-free account program specifically designed for nonprofit organizations to ensure banking fees do not reduce operational funds.
• Business Loans Commercial lending services from knowledgeable loan officers supporting small and mid-sized businesses in Oregon.
• Quick Flex Loans Small business and nonprofit loans for $25,000 or less, tailored specifically for the unique needs of small businesses and nonprofits.
• Autobooks Business accounting and payment integration tool offered through the business banking platform to manage invoicing, payments, and financial record-keeping.
• Personal Checking Personal checking account options designed to fit different lifestyles with flexible features for individual consumers.
• Personal Savings Savings accounts including High Yield Savings, Money Market Checking, and PB Roundup savings tool that rounds up debit card purchases to help customers save.
• Personal eBanking Online banking access to personal accounts anytime, anywhere with full-featured account management and mobile app support.
• Personal Loans Various personal loan products including secured and unsecured options with maximum amounts up to $50,000 for individual consumers.
• Mortgage Servicing Home mortgage loan servicing for existing mortgage holders at People's Bank.
• Debit Card with PB Roundup Program People's Bank debit cards featuring the PB Roundup Program, a savings tool that rounds up purchases to help customers save.
• Credit Cards Credit card products for personal and business use enabling safe and convenient spending for bank customers.
• Personal Bill Pay Online bill payment service for personal accounts with no fees when completing one or more bill payments each month. Otherwise, $5 monthly fee applies. Items above 20 per month incur $0.50 per additional item.
• Business Bill Pay Business bill payment solution enabling scheduling of recurring payments, advance scheduling, payment tracking, and direct payroll deposit at $5.95/month. Items above 20 per month incur $0.50 per additional item.
• Merchant Services Payment processing services integrated with treasury management helping businesses run smoothly.
• Home Equity Line of Credit Home equity line of credit options with maximum loan amounts of $250,000 (1st trust deed) or $100,000 (2nd trust deed), with adjustable monthly rates.
• Auto Loans Vehicle financing for new vehicles (80% of purchase price under invoice) and used vehicles (80% of Kelly Blue Book value), with 20% minimum down payment.
• Recreational Vehicle Loans Financing for new recreational vehicles at 80% of purchase price and used RVs at 80% of Kelly Wholesale average value.
• Boat Loans Marine financing for new boats at 80% of purchase price and used boats at 80% of Kelly Wholesale average value.
• Personal Line of Credit Revolving credit lines secured up to 75% of collateral value with maximum line amounts of $50,000 and monthly adjustable rates.
• Certificates of Deposit CD products with various term lengths from 3 months to 120 months, minimum $500 opening deposit.
• Steelhead Finance Factoring Services Accounts receivable factoring services for the transportation industry, providing cash flow and backroom management services to carriers and freight brokers throughout the United States.

Quantifiable outcome

• Total assets of $788.6 million as of December 31, 2025
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Steelhead Finance (Acquired)coreOthers · 1 January 2017Accounts receivable factoring company acquired in 2017, founded in 1981. Provides cash flow and backroom management services to transportation industry carriers and freight brokers throughout the United States.
• Intuit (QuickBooks/Quicken)coreTechnology or IntegrationIntegration partnership providing Web Connect and Direct Connect capabilities for seamless transaction and balance information flow between People's Bank online banking and QuickBooks Online and Desktop platforms.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Umpqua Bank: Oregon-headquartered Pacific Northwest community bank offering commercial, consumer, and small-business banking through an extensive regional branch network. Directly comparable to People's Bank in geography, customer mix (SMB and consumer), and community-banking model, though materially larger and publicly traded on NASDAQ.
• Columbia Banking System: Pacific Northwest community bank serving Washington, Oregon, and Idaho with commercial and retail banking products. Highly comparable in SMB and community-banking focus and Pacific Northwest footprint; the recent merger with U.S. Bancorp illustrates the consolidation pathway relevant to mid-sized Oregon community banks.
• Heritage Financial Corporation: Washington-state community bank holding company (NASDAQ: HFWA) operating Heritage Bank across Washington and Oregon. Comparable Pacific Northwest community bank with overlapping SMB and consumer customer base, though larger and publicly traded on a major exchange.
• First Interstate BancSystem: Multi-state community bank holding company (NASDAQ: FIBK) operating across the Western and Midwestern U.S. Provides commercial and consumer banking products with a community-bank relationship model. Comparable in SMB/community-banking focus and acquisition-driven growth strategy, though substantially larger.
• Glacier Bancorp: Montana-headquartered community bank holding company (NYSE: GBCI) operating a decentralized network of community banks across the Western U.S. Closely comparable in community-bank operating model, acquisition-driven growth playbook, and SMB/consumer deposit focus, though at substantially greater scale.

Direct peers

• First Federal Savings Bank: Oregon and Washington-based community savings bank offering checking, savings, lending, and digital banking to consumers and small businesses. Closely matches People's Bank in size, community-bank positioning, and Pacific Northwest SMB/consumer deposit-driven model.
• Oregon Pacific Bank: Florence, Oregon-based community bank providing commercial and consumer banking products to individuals and small businesses in the Willamette Valley and coastal Oregon. Directly comparable in sub-$1B asset community-banking model serving similar Oregon SMB and consumer segments.
• Bank of the Pacific: Pacific Northwest community bank with branches in Washington and Oregon providing commercial, consumer, and small-business banking. Comparable in size, geographic overlap in Oregon markets, and SMB-focused community-banking model; multiple People's Bank executives previously worked at Bank of the Pacific.
• Home Federal Bank: Idaho-headquartered community bank offering commercial, consumer, and small-business banking products through branches across the Pacific Northwest. Comparable in community-banking model and SMB/consumer product mix, with similar sub-$2B asset scale and Pacific Northwest footprint.

Regional players

• South Valley Bank & Trust: Oregon-based community bank serving the Rogue Valley (Southern Oregon) with commercial and consumer banking products. Directly comparable to People's Bank in Southern Oregon SMB deposit base and community-banking positioning, though operating in a partially overlapping territory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/peoplesbankofcommerce
• Instagraminstagram.com/peoples.bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 People's Bank of Commerce