First Commerce Bank
First Commerce Bank is a New Jersey community bank with $1.8 billion in total assets, offering personal banking, business banking, treasury management, and commercial lending to consumers, SMBs, municipal/government entities, and non-profits across the state.
- Company typePrivate
- Founded2010
- HeadquartersLakewood, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What First Commerce Bank does
First Commerce Bank is a New Jersey-chartered community bank headquartered in Lakewood, New Jersey, with approximately $1.8 billion in total assets. The bank provides personal banking (checking, savings, money market, CDs, credit cards, VIP services) and business banking (business checking, treasury management, merchant services, commercial and small business lending, ZSuites escrow/subaccounting) to individual consumers, small and medium-sized businesses, municipal and government entities, and non-profit organizations including law firms via IOLTA accounts. The bank is owned by its holding company, First Commerce Bancorp, Inc., which trades on OTCQB under ticker CMRB, and operates with a relationship-banking model supported by named commercial relationship managers.
The bank's technology stack centers on the FIS HORIZON core banking platform (migration announced June 2026), which is API-enabled, AI-ready, and provides access to fintech integration, real-time payments, embedded finance, and future agentic banking tools. The current mobile banking experience is powered by Fiserv, with online banking, Zelle integration, and digital account opening capabilities. Specialty technology offerings include ZSuites for escrow/subaccounting, ACH origination, positive pay fraud protection, remote deposit capture, sweep accounts, and wire management. The bank is migrating away from a long-standing Fiserv Premier core relationship in place since 2011-2012, with the FIS HORIZON migration partly funded by a December 2025 $40 million subordinated notes private placement.
Revenue is generated primarily through net interest income on commercial mortgages, construction loans, commercial lines of credit, commercial term loans, and small business loans, supplemented by deposit account fees, treasury management fees (ACH, wires, sweep, positive pay, merchant services), credit card interchange (Everyday Rewards+ and Travel Rewards+ for consumers; Business Cash Preferred and Smart Business Rewards for businesses), and IOLTA. Deposit pricing as of late 2025/early 2026 includes a Freedom 7-Month CD at 4.00% APY, Relationship Money Market at 2.75% APY, and Relationship Savings at 3.00% APY, signaling an aggressive deposit-growth posture. Distribution is omnichannel: physical branches in New Jersey, digital banking (online and mobile), and direct sales via relationship managers for business and commercial customers.
First Commerce Bank firmographics
Firmographics- Name
- First Commerce Bank
- Legal name
- First Commerce Bank
- Website
- https://firstcommercebk.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- First Commerce Bank is a New Jersey community bank with $1.8 billion in total assets, offering personal banking, business banking, treasury management, and commercial lending to consumers, SMBs, municipal/government entities, and non-profits across the state.
- Ownership category
- akta.pro rank
First Commerce Bank industry classification
Industry- 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), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where First Commerce Bank is headquartered
LocationHeadquarters
- HQ city
- Lakewood
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
First Commerce Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Interest Income: Revenue generated from interest on loans including commercial mortgages, construction loans, commercial lines of credit, commercial term loans, and small business loans.
- Deposit Account Fees: Fees from checking accounts, savings accounts, money market accounts, and certificate of deposits including VIP services.
- Treasury Management Services: Fees from ACH origination, wire transfers, sweep accounts, positive pay, remote deposit capture, and merchant services.
- Credit Card Services: Revenue from personal and business credit cards including Everyday Rewards+ Card and Travel Rewards+ Card.
- IOLTA: Interest on Lawyer Trust Accounts supporting legal community initiatives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Freedom 7-Month CD |
| Subscription | Annual | 6 Month Online Only CD Special |
| Subscription | Annual | 24 Month CD |
| Subscription | Annual | Relationship Savings Account |
| Subscription | Annual | Relationship Money Market Account |
| Transaction based/ take rate | Pay-as-you-go | Wire Transfer Services |
| Transaction based/ take rate | Pay-as-you-go | Overdraft/Insufficient Funds Fee |
| Subscription | Monthly | Business Checking Accounts |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
First Commerce Bank product offering
Product offeringCore offering
First Commerce Bank is a New Jersey community bank providing personal and business deposit accounts (checking, savings, money market, CDs), personal and business credit cards, treasury management services (ACH, wire, positive pay, remote deposit capture, sweep accounts), commercial and small business lending (commercial mortgages, construction loans, lines of credit, term loans), merchant services, ZSuites escrow/subaccounting, IOLTA checking for attorneys, municipal/government banking, and non-profit banking. Delivery spans physical branches, online banking, and a Fiserv-powered mobile app, with a go-forward migration to the FIS HORIZON AI-ready core banking platform underway.
Product overview
First Commerce Bank is a community bank offering a unified suite of personal and business banking products. The bank operates as a single-platform banking institution with ZSuites as a differentiated add-on module for business escrow and subaccounting services. Core products include checking accounts (Free Checking, Ultimate Rewards Checking), savings accounts, money market accounts, and certificates of deposit (Freedom 7-Month CD). Business banking encompasses Free Business Checking, Premier Business Checking, IOLTA Checking for attorneys, and Non-Profit Checking. Treasury management services include ACH Origination, Positive Pay, Remote Deposit Capture, Wire Management, and Sweep Accounts. Digital banking capabilities feature a web-based Online Banking platform and Mobile Banking App (powered by Fiserv). Lending products span commercial mortgages, construction loans, commercial lines of credit, term loans, and small business loans. Additional offerings include Merchant Services, VIP Services for high-balance customers, ICS/CDARS for expanded FDIC coverage, and specialty products like Heter Iska Financing for Halacha-compliant banking. The bank is currently migrating to the FIS HORIZON AI-ready core banking platform to enable future fintech integration and AI-powered banking capabilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Free Checking Hassle-free personal checking account offering flexibility for individual banking customers.
- Ultimate Rewards Checking Interest-bearing personal checking account with higher rates, fee waivers, and exclusive perks including rate bumps for qualifying customers.
- Relationship Money Market Account Interest-bearing personal money market account offering 2.75% APY with relationship pricing benefits; $25,000 daily balance required to avoid $15 monthly fee.
- Premier Money Market Personal money market account with competitive rates, easy fund access, and no monthly fees.
- Relationship Savings Personal interest-bearing savings account at 3.00% APY with a $1,000 minimum and $10 monthly fee if balance drops below $1,000.
- Premier Savings Higher-tier personal savings account offering high-interest returns and easy access to funds.
- Freedom 7-Month CD Short-term certificate of deposit offering 4.00% APY with a $25,000 minimum in new money, targeted at depositors seeking promotional yields.
- 24 Month CD Two-year certificate of deposit at 3.25% APY.
- Everyday Rewards+ Card Personal rewards credit card offering a rewards program for everyday purchases and spending categories.
- Travel Rewards+ Card Personal credit card offering travel-related rewards including points or miles for booking and redemption.
- Digital Banking (Online Banking) Web-based online banking platform providing round-the-clock access to account services and financial management tools.
- Mobile Banking App Mobile banking application (iOS and Android) providing real-time balances, transaction management, transfers, bill payment, mobile check deposits, and card management.
- VIP Services Premium banking service for customers maintaining combined balances of $250,000+ across non-interest business accounts, offering exclusive perks.
- Free Business Checking No-fee business checking account designed for everyday small business banking needs.
- Premier Business Checking Premium business checking account with enhanced features for businesses requiring more sophisticated banking services.
- Business Relationship Money Market Interest-bearing money market account for small businesses with relationship pricing benefits.
- Premier Business Money Market Higher-tier business money market account offering higher returns with easier access to funds.
- Non-Profit Checking Specialized checking account designed for non-profit organizations with features supporting their unique operational needs.
- IOLTA Checking Interest-bearing checking account for attorneys holding client funds, with interest remitted to the state bar foundation.
- ZSuites Escrow and subaccounting solution with modern treasury management tools designed for businesses to move and grow faster.
- ACH Origination Services Automated Clearing House service streamlining payroll, vendor payments, and collections with safe and easy transaction processing for businesses.
- Positive Pay Check fraud protection service for business accounts with automated detection and prevention capabilities.
- Remote Deposit Capture Electronic check deposit service allowing businesses to deposit checks remotely without visiting a branch location.
- Wire Management Electronic wire transfer services for domestic and international transactions with secure processing.
- Sweep Accounts Cash flow management solution automatically moving funds between accounts to optimize idle balance utilization.
- Merchant Services Payment processing technology providing quick, reliable, and secure transaction handling for business customers.
- Business Cash Preferred Card Business credit card offering cash back rewards and expense management features for business customers.
- Smart Business Rewards Card Business credit card with reward points earning structure for everyday business spending.
- Commercial Mortgages Financing solutions for commercial property acquisition, refinancing, and construction with local partnership approach.
- Construction Loans Financing tailored for construction projects with partnership-based approach for development needs.
- Commercial Lines of Credit Revolving credit facilities for businesses providing flexible access to working capital as needed.
- Commercial Term Loan Fixed-term financing for business expansion, equipment purchases, or other long-term capital needs.
- Small Business Loans Financing solutions specifically designed for small business needs including working capital and growth opportunities.
- ICS/CDARS Insured Cash Sweep and CDARS services providing multi-million dollar FDIC coverage through deposit placement networks.
- Heter Iska Financing Halacha-compliant financing option for businesses requiring banking services that adhere to Jewish religious law.
- Municipal & Government Banking Specialized banking services for municipal governments and public sector entities with tailored solutions.
- Treasury Management Services Comprehensive treasury management suite for business customers including ACH origination, wire transfers, sweep accounts, positive pay, remote deposit capture, and merchant services.
Companies that use First Commerce Bank
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles3 records
First Commerce Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature4 records
First Commerce Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FIS (Fidelity National Information Services)coreFirst Commerce Bank selected FIS HORIZON as its go-forward core banking platform. The partnership provides AI-ready infrastructure, open APIs, fintech connectivity, and access to real-time payments and embedded finance capabilities. The migration is partially funded by the $40 million debt placement completed in December 2025. FIS, headquartered in Jacksonville, Florida, serves community and regional banks ranging from under $1 billion to over $100 billion in assets.
Scale indicators3 records
Recent moves6 records
Expansion highlights3 records
First Commerce Bank competitors and assessment
Company assessmentDirect peers
- Lakeland Bancorp: Lakeland Bancorp is a New Jersey-headquartered community bank holding company with comparable asset size, similar consumer/SMB/commercial lending mix, and overlapping branch footprint in the NJ market. It is among the closest direct peers to First Commerce Bank in scale, product set, and GTM motion.
- OceanFirst Financial: OceanFirst Financial is a NJ-headquartered community bank with a parallel mix of consumer deposits, commercial lending, and SBA/construction financing. Comparable size band and community-bank GTM make it a direct functional peer.
- 1st Constitution Bancorp: 1st Constitution Bancorp is a NJ community bank holding company with a closely aligned consumer/SMB/commercial lending product set and similar asset scale. Comparable relationship-banking model and geographic footprint within New Jersey.
- Kearny Financial: Kearny Financial is a NJ-based thrift institution with overlapping deposit products, mortgage lending, and consumer banking focus. Comparable community-bank positioning with regional NJ overlap.
- Peapack-Gladstone Financial: Peapack-Gladstone Financial operates a NJ-based commercial and private banking franchise with similar wealth-adjacent services, commercial lending, and deposit-gathering approach. Overlaps meaningfully in HNW and SMB banking segments.
- ConnectOne Bancorp: ConnectOne Bancorp is a NJ-based commercial and consumer community bank with similar relationship-banking model, commercial real estate lending focus, and roughly comparable asset scale. Strong overlap in target SMB and consumer segments within northern/central New Jersey.
- Two River Bancorp: Two River Bancorp operates a NJ community bank with parallel consumer and commercial banking services. Similar mid-tier asset scale and SMB/lender-focused strategy make it a close functional peer for benchmarking.
Broad incumbents
- Customers Bancorp: Customers Bancorp is a PA-based commercial bank with digital and community banking franchises that compete for the same SMB and consumer deposit relationships in the broader mid-Atlantic/NJ-adjacent market.
- Valley National Bancorp: Valley National is a much larger NJ-headquartered commercial bank that competes directly for the same consumer and SMB customers across the state. It represents the broader incumbent against which First Commerce must differentiate on local relationships and modern technology.
Regional players
- Flushing Financial: Flushing Financial is a NY-metro community bank with a similar multi-cultural consumer banking focus, comparable asset scale, and parallel consumer/SMB/commercial product mix. Operates in an adjacent geography with overlapping customer demographic profiles.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
First Commerce Bank social profiles
Digital presenceFirst Commerce Bank compliance and trust
Trust signalCompliance1 record
First Commerce Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Commerce Bank leadership team
Management profileNumber of profiles
First Commerce Bank funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Commerce Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Commerce Bank
What does First Commerce Bank do?
First Commerce Bank is a New Jersey community bank providing personal and business deposit accounts (checking, savings, money market, CDs), personal and business credit cards, treasury management services (ACH, wire, positive pay, remote deposit capture, sweep accounts), commercial and small business lending (commercial mortgages, construction loans, lines of credit, term loans), merchant services, ZSuites escrow/subaccounting, IOLTA checking for attorneys, municipal/government banking, and non-profit banking. Delivery spans physical branches, online banking, and a Fiserv-powered mobile app, with a go-forward migration to the FIS HORIZON AI-ready core banking platform underway.
Is First Commerce Bank a public or private company?
First Commerce Bank is a private company. It is classified as public and is currently operating.
When was First Commerce Bank founded?
First Commerce Bank was founded in 2010. It employs 101 to 250 people.
Where is First Commerce Bank based?
First Commerce Bank is headquartered in Lakewood, United States, in the North America region.
How does First Commerce Bank make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, treasury Management Services, credit Card Services and IOLTA.
Who are First Commerce Bank's main competitors?
Direct peers on record are Lakeland Bancorp, OceanFirst Financial, 1st Constitution Bancorp, Kearny Financial, Peapack-Gladstone Financial, ConnectOne Bancorp and Two River Bancorp. Broad incumbents are Customers Bancorp and Valley National Bancorp. Flushing Financial is listed as a regional player.
Does First Commerce Bank have an API?
No public API is recorded for First Commerce Bank.
What industry is First Commerce Bank in?
First Commerce Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 52211 and its SIC code is 6022.