Bank of the Pacific
Bank of the Pacific is a privately held community bank, founded in 1970 in Long Beach, Washington, operating 20+ branches across Washington and Oregon to provide personal, small business, and commercial banking, lending, and treasury management services, and currently pending merger with Banner Corporation.
- Company typePrivate
- Founded1970
- HeadquartersAberdeen, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Bank of the Pacific does
Bank of the Pacific is a privately held community bank headquartered in Aberdeen, Washington, founded in 1970 by local entrepreneurs in Long Beach, WA. It operates over 20 branch locations and commercial banking centers across Washington and Oregon, serving individual consumers, small businesses, and commercial clients with a full suite of deposit, lending, and treasury management products. The bank is a wholly owned subsidiary of Pacific Financial Corporation, and in 2025 Pacific Financial announced an agreement to merge with Banner Corporation, which would materially expand the franchise pending regulatory approval.
The product portfolio spans personal banking (multiple checking tiers, savings, money market, CDs, IRAs, HSAs, VISA Gold credit card, home equity loans/HELOCs, and auto/RV loans), business banking (checking, savings, money market, CDs, business credit cards, SBA loans, merchant services), and commercial banking (commercial real estate, lines of credit, treasury management). Digital delivery is provided through iOS and Android mobile applications, a web-based online banking platform with Zelle P2P and Visa Checkout integration, and a Customer Care Center; the underlying digital stack appears built on Q2's digital banking platform. Security features include 256-bit SSL encryption, multi-factor authentication, and a five-strike account lockout mechanism.
The bank's revenue model is a traditional community bank model: net interest income from consumer, business, and commercial lending; non-interest income from deposit account fees, service fees (wires, stop payments, official checks), credit card interchange, and treasury/merchant services. Pricing is tiered by product and balance, with consumer loan APRs ranging from 6.214% (new auto) to 11.527% (used auto), and business MMA yields up to 2.69% APY at $5M+ balances. The bank holds an FDIC-insured charter, Equal Housing Lender designation, and NMLS# 417480 registration, and operates within a community-led go-to-market emphasizing local relationships, local decision-making, and active civic involvement across the Pacific Northwest.
Bank of the Pacific firmographics
Firmographics- Name
- Bank of the Pacific
- Legal name
- Bank of the Pacific
- Website
- https://bankofthepacific.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Bank of the Pacific is a privately held community bank, founded in 1970 in Long Beach, Washington, operating 20+ branches across Washington and Oregon to provide personal, small business, and commercial banking, lending, and treasury management services, and currently pending merger with Banner Corporation.
- Ownership category
- akta.pro rank
Bank of the Pacific industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Commercial Banking (522110)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Bank of the Pacific is headquartered
LocationHeadquarters
- HQ city
- Aberdeen
- HQ country
- United States
- HQ region
- North America
Offices20 records
Markets served
Bank of the Pacific business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Primary revenue from interest earned on loans including consumer loans (auto, home equity, HELOC, recreational vehicles), business loans, and commercial loans. Interest rates vary by product type and creditworthiness.
- Deposit Account Fees: Fees from deposit accounts including monthly service fees, minimum balance fees, and ATM transaction fees. Fee schedules available for personal and business accounts.
- Service Fees: Various service fees including wire transfers, stop payments, official checks, and other banking services. Fee schedules available on website.
- Credit Card Fees: Revenue from VISA credit card products including interchange fees and interest charges on revolving balances.
- Commercial Banking Services: Treasury management services, merchant services, and commercial deposit services for business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Checking Accounts |
| Unit Pricing | Monthly | Consumer Loan Products |
| Subscription | Monthly | Business Money Market Accounts |
| Subscription | Annual | Consumer Certificates of Deposit |
| Subscription | Quarterly | Savings Accounts |
| Subscription | Monthly | Business Interest Checking |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Bank of the Pacific product offering
Product offeringCore offering
Bank of the Pacific is a community bank providing deposit products (checking, savings, CDs, IRAs, HSAs), consumer lending (credit cards, home equity loans, HELOCs, auto/RV loans), and commercial banking services (commercial real estate loans, treasury management, merchant services) to individuals and businesses across Washington and Oregon through its branch network and digital channels.
Product overview
Bank of the Pacific offers a comprehensive regional banking platform with a unified portfolio of personal, business, and commercial banking products and services. The personal banking suite includes multiple checking account tiers (Pacific Access, Pacific, Pacific Premier, Pacific Rewards), savings accounts (Essential, Youth, Money Market, CDs, IRAs, HSAs), credit cards (VISA Gold), and lending products (Home Equity Loan, HELOC, Auto/RV Loans). Business banking encompasses checking, savings, money market, CDs, VISA cards, small business loans, merchant services, and online banking. Commercial banking provides specialized services including commercial real estate financing, commercial loans and lines of credit, treasury management, and commercial deposit accounts. Digital banking is delivered through mobile apps for iOS/Android and web-based online banking with integrated Zelle person-to-person payments and Visa Checkout.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Standard and interest-bearing checking accounts for individual consumers for everyday deposits, withdrawals, and payments.
- Personal Savings Accounts Savings accounts for individual consumers to hold funds and earn interest.
- Certificates of Deposit (CDs) Time deposits offering fixed interest rates over specified terms for individual consumers.
- Individual Retirement Accounts (IRAs) Retirement savings accounts for individual consumers.
- Health Savings Accounts (HSAs) Tax-advantaged savings accounts for individuals to pay for qualified medical expenses.
- Credit Cards Consumer credit card products for individual cardholders.
- Home Equity Loans and HELOCs Lump-sum and revolving credit lines secured by residential home equity for homeowners.
- Auto and RV Loans Consumer installment loans for vehicle and recreational vehicle purchases.
- Commercial Real Estate Loans Mortgage and construction financing for commercial property owners and developers.
- Treasury Management Services Cash management, payment, and liquidity services for business customers.
- Merchant Services Card acceptance and payment processing services for business merchants.
- Mobile Banking Mobile application enabling customers to access accounts, make transfers, deposit checks, and pay bills from a smartphone.
- Online Banking Web-based platform for customers to access account information, perform transactions, and manage finances.
- Zelle Peer-to-Peer Payments Person-to-person payment service integrated into the bank's digital banking channels for fast fund transfers.
Companies that use Bank of the Pacific
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
Bank of the Pacific technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature6 records
Bank of the Pacific partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Pacific Financial CorporationcorePacific Financial Corporation has reached an agreement to merge with Banner Corporation. This merger will combine two regional banking institutions serving the Pacific Northwest.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Bank of the Pacific competitors and assessment
Company assessmentRegional players
- Timberland Bank: Hoquiam, WA-based community bank serving the Pacific Northwest with consumer, business, and mortgage lending products. Overlaps with Bank of the Pacific's Grays Harbor County footprint and competes for similar local customers.
- First Federal Savings Bank of Twin Falls: Pacific Northwest community bank offering personal and business banking with a comparable community-banking model. Focused primarily on Idaho rather than overlapping WA/OR core markets of Bank of the Pacific.
- Sound Community Bank: Seattle-based community bank operating in the greater Puget Sound area with personal and small business banking products similar to Bank of the Pacific's offerings, though geographically narrower.
Broad incumbents
- Pacific Premier Bancorp: Large Pacific Coast commercial banking franchise offering full-service business banking, treasury management, and CRE lending. Operates across CA, WA, OR, AZ, NV, TX, and other states; competes for larger commercial relationships in markets where Bank of the Pacific operates.
Direct peers
- Banner Corporation: Pacific Northwest bank holding company that has announced a merger with Pacific Financial Corporation (Bank of the Pacific's parent). Operates Banner Bank across WA, OR, ID, UT, NM, AZ, CA, and NV with personal, business, and commercial banking products directly comparable to Bank of the Pacific.
- Washington Federal (WaFd Bank): Seattle-based bank with branches across WA, OR, ID, UT, AZ, NV, NM, TX, and CA. Provides commercial banking, lending, and deposit products comparable to Bank of the Pacific, with similar emphasis on consumer and small-business banking.
- Heritage Financial Corporation: Olympia, WA-based bank holding company operating Heritage Bank across Washington and Oregon. Offers the same consumer/business/commercial product set and competes head-to-head for community banking relationships in WA/OR markets.
- Columbia Banking System (Columbia Bank): Tacoma, WA-based regional bank serving WA, OR, and ID with personal, small business, and commercial banking. Operates in the same Washington and Oregon markets as Bank of the Pacific with a comparable community-banking positioning.
- HomeStreet Bank: Seattle-headquartered Pacific Northwest bank offering consumer, business, and commercial real estate banking. Competes directly with Bank of the Pacific in WA and OR, with similar product breadth and CRE lending focus.
- Umpqua Bank: Pacific Northwest regional bank headquartered in Lake Oswego, OR, offering consumer, business, and commercial banking across WA, OR, CA, ID, NV, and UT. Same footprint, same customer segments, and same community-bank operating model as Bank of the Pacific.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Bank of the Pacific social profiles
Digital presenceBank of the Pacific compliance and trust
Trust signalCompliance3 records
Bank of the Pacific financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank of the Pacific leadership team
Management profileNumber of profiles
Bank of the Pacific funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank of the Pacific 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 Bank of the Pacific
What does Bank of the Pacific do?
Bank of the Pacific is a community bank providing deposit products (checking, savings, CDs, IRAs, HSAs), consumer lending (credit cards, home equity loans, HELOCs, auto/RV loans), and commercial banking services (commercial real estate loans, treasury management, merchant services) to individuals and businesses across Washington and Oregon through its branch network and digital channels.
Is Bank of the Pacific a public or private company?
Bank of the Pacific is a private company. It is classified as unknown and is currently operating.
When was Bank of the Pacific founded?
Bank of the Pacific was founded in 1970. It employs 101 to 250 people.
Where is Bank of the Pacific based?
Bank of the Pacific is headquartered in Aberdeen, United States, in the North America region.
How does Bank of the Pacific make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, service Fees, credit Card Fees and commercial Banking Services.
Who are Bank of the Pacific's main competitors?
Regional players on record are Timberland Bank, First Federal Savings Bank of Twin Falls and Sound Community Bank. Pacific Premier Bancorp is listed as a broad incumbent. Direct peers are Banner Corporation, Washington Federal (WaFd Bank), Heritage Financial Corporation, Columbia Banking System (Columbia Bank), HomeStreet Bank and Umpqua Bank.
Does Bank of the Pacific have an API?
No public API is recorded for Bank of the Pacific.
What industry is Bank of the Pacific in?
Bank of the Pacific's product category is Community Banking. Its primary akta.pro industry code is FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.