Alamerica Bank

What Alamerica Bank does

Alamerica Bank operates as BHM Bank, a privately held, FDIC-insured community bank headquartered at 2170 Highland Ave, Suite 150, Birmingham, Alabama. It serves local individual consumers and small businesses through a single physical branch in Birmingham, with a stated mission of reinvesting capital into the community and creating local economic opportunity, which it markets as differentiating it from larger shareholder-driven institutions.

The bank's product suite spans ten core offerings across two segments: personal banking (personal checking, savings, money market, CDs, digital banking services, and ZELLE peer-to-peer payments) and business banking (small business checking, business checking with interest, business money market, business savings, and business CDs). The underlying technology stack is a self-serve online banking platform accessible at bhmbank.onlinebank.com, supplemented by ZELLE for payments and a partnership with Regions Bank that grants BHM customers free access to the Regions ATM network. Distribution combines one physical branch with a digital self-serve channel targeting both consumers and SMBs in the Birmingham market.

Revenue is generated through traditional community-banking mechanics — interest income on loans, fees on deposit accounts, and ancillary financial services — rather than disclosed subscription or transaction-pricing models. No public pricing tiers, fee schedules, or financial metrics are disclosed on the website. The company is privately held with 1-10 employees, no disclosed parent company or institutional ownership, no funding rounds, and no M&A activity in the source data, indicating an early-stage or small-scale operating posture relative to typical community banks.

Name

Alamerica Bank

Legal name

BHM Bank

Website

https://alamericabank.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Alamerica Bank operates as BHM Bank, a privately held, FDIC-insured community bank in Birmingham, Alabama, serving local individual consumers and small businesses through one branch and a digital banking platform with ZELLE payments.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

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

SIC

State Commercial Banks (6022), National Commercial Banks (6021), Commercial Banks, Nec (6029)

akta.pro primary industry

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

akta.pro secondary industry

Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

Keywords

• Community banking services
• Small business banking
• Personal banking accounts
• Digital banking platform
• FDIC-insured deposits

Headquarters

HQ city

Birmingham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Traditional Banking Revenue: BHM Bank generates revenue through standard banking operations including interest income from loans, fees from deposit accounts, and financial services. As a mission-driven community bank, it offers personal checking, money market accounts, savings accounts, CDs for personal banking, and small business checking, business money market, business savings, and business CDs for commercial customers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Alamerica Bank (operating as BHM Bank) is a mission-driven community bank providing personal and small business deposit products and digital banking services in Birmingham, Alabama. Its portfolio spans personal checking, savings, money market, and certificate of deposit accounts, alongside small business checking, interest-bearing business checking, business savings, and business CDs, all supported by an online banking platform with ZELLE person-to-person payment integration and free ATM access through the Regions Bank network.

Product overview

BHM Bank operates as a single-unified banking platform offering both personal and business banking services through a unified digital banking infrastructure. The product portfolio spans ten distinct offerings organized into two main categories: Personal Banking (Personal Checking, Savings Account, Money Market, CDs, Digital Banking Services, and ZELLE) and Business Banking (Small Business Checking, Business Checking with Interest, Money Market, Business Savings Account, and Business CDs). The core digital infrastructure connects all products through a unified online banking platform with ATM access to Regions Bank network, enabling customers to access both personal and business accounts through a single digital interface.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking account for individual consumers offering free digital banking access, online account management, and integration with ZELLE for peer-to-peer payments.
• Savings Account Personal savings account designed to help individuals build savings with competitive interest rates and FDIC insurance protection.
• Money Market (Personal) Personal money market account offering higher interest rates with the flexibility of limited check-writing privileges for personal customers.
• Personal CDs Certificate of deposit accounts with fixed terms and guaranteed returns for personal banking customers seeking low-risk savings.
• Digital Banking Services Comprehensive digital banking platform enabling customers to bank online 24/7 with account access and management capabilities from any location.
• ZELLE Payments Peer-to-peer payment service integrated into the digital banking platform, enabling instant money transfers to friends and family.
• Small Business Checking Checking account tailored for small businesses with basic banking features and digital access for business financial management.
• Business Checking with Interest Business checking account that accrues interest on balances while providing full digital banking capabilities for business owners.
• Business Savings Account Savings account designed for businesses to accumulate reserves while earning competitive interest rates.
• Money Market (Business) Money market account designed for businesses to manage cash reserves with competitive interest rate features.
• Business CDs Business certificate of deposit accounts offering fixed-rate savings options with various term lengths for business reserves.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Regions BankcoreTechnology or IntegrationBHM Bank has a partnership agreement with Regions Bank allowing BHM customers to use Regions Bank ATMs for free. This partnership extends BHM's ATM network reach without requiring customers to use out-of-network ATMs. The partnership provides BHM customers with greater convenience and accessibility for cash withdrawals across the Regions Bank ATM network.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• First US Bancshares: Alabama-focused community bank operating in Birmingham and across the state. Closely comparable footprint and product set, competing for the same SMB and retail deposit relationships.
• Hope Credit Union (Hope Enterprise Corporation): Mission-driven, community-development credit union serving underbanked populations across the Deep South including Alabama. Comparable mission-led, community-focused deposit-taking institution targeting similar values-driven customers.
• Bryant Bank: Alabama-based community bank with multiple branches in Birmingham. Directly comparable local community bank offering consumer checking, savings, and small business banking to the same customer base.
• ServisFirst Bancshares: Alabama-headquartered community bank serving businesses and consumers across the Southeast. Comparable as a growth-oriented community bank competing for similar SMB and retail deposit relationships in the same region.
• Liberty Bank of Alabama: Alabama-based community bank offering personal and small business deposit accounts. Directly comparable product set and customer profile for Birmingham-area consumers and SMBs.
• Progress Bank: Alabama community bank serving small businesses and consumers with traditional deposit products. Comparable scale and product mix to BHM, competing for Birmingham-area SMB banking relationships.

Broad incumbents

• Regions Financial Corporation: Large regional bank headquartered in Birmingham, AL. Direct local competitor offering the same consumer and small business deposit/lending products; provides a real benchmark for rate, service, and scale. Also BHM's ATM partner.
• Cadence Bank: Mid-sized regional bank with presence across the Southeast including Alabama. Comparable consumer and SMB deposit/lending products, though at meaningfully larger scale and broader geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Alamerica Bank