Commencement Bank
Commencement Bank is a Washington state-chartered community bank headquartered in Tacoma, operating five branches and serving small-to-mid-size businesses and consumers across Pierce, South King, and Thurston counties with commercial lending, deposits, treasury management, and personal banking products.
- Company typePublic
- Founded2006
- HeadquartersTacoma, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Commencement Bank does
Commencement Bank is a Washington state-chartered commercial bank headquartered in Tacoma, Washington, founded in 2006 and operating as a subsidiary of Commencement Bancorp, Inc. (OTCQX: CBWA). The bank serves small-to-mid-size businesses and individual consumers across Pierce, South King, and Thurston counties through five physical branches (Tacoma, Enumclaw, Olympia, Auburn, and Gig Harbor) plus an online banking platform with MoneyPass network access to approximately 40,000 surcharge-free ATMs nationwide. As of March 31, 2026, the bank reported total assets of $697.5 million, loans receivable of approximately $474 million, and total deposits of $579.4 million.
The bank's product portfolio spans two core franchises: commercial banking (lending solutions including commercial real estate, commercial and industrial, and SBA products; deposit solutions; treasury management with FedWire and ISO 20022 wire support; and merchant services) and personal banking (deposit accounts, personal loans, and credit products). Technology infrastructure consists of standard online and mobile banking platforms, wire transfer systems, ACH processing, remote deposit capture, and a treasury management platform — none of which are proprietary or differentiated relative to peers. The technology differentiation is limited to integration interoperability: ISO 20022 wire modernization and the MoneyPass ATM network partnership.
Commencement Bank generates revenue primarily through net interest income (interest earned on loans minus interest paid on deposits, with a 4.20% net interest margin as of Q1 2026) supplemented by non-interest income from treasury management fees, merchant services, loan swap fees, and other banking service charges ($1.3 million reported in 2023). The go-to-market motion is sales-led, relying on dedicated commercial banking officers and personal bankers to build long-term relationships with SMB and consumer customers in its regional footprint. Recent strategic emphasis on a commercial healthcare banking vertical (launched March 2026) represents the bank's primary product expansion, while operational expansion has been supported by senior talent hires from Columbia Bank, Heritage Bank, Umpqua Bank, and KeyBank.
Commencement Bank firmographics
Firmographics- Name
- Commencement Bank
- Legal name
- Commencement Bank
- Website
- https://commencementbank.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Commencement Bank is a Washington state-chartered community bank headquartered in Tacoma, operating five branches and serving small-to-mid-size businesses and consumers across Pierce, South King, and Thurston counties with commercial lending, deposits, treasury management, and personal banking products.
- Ownership category
- akta.pro rank
Where Commencement Bank is headquartered
LocationHeadquarters
- HQ city
- Tacoma
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Commencement 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
Revenue model
- Net Interest Income: Primary revenue stream from interest earned on loans (commercial real estate, commercial and industrial, SBA products, personal loans) minus interest paid on deposits. Net interest margin of 4.20% as of Q1 2026.
- Non-Interest Income: Fees and service charges including treasury management fees, merchant services, loan swap fees, and other banking service fees. Total non-interest income was $1.3 million for 2023.
- Deposit Services: Personal and business deposit accounts generating fee income and funding for lending operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Personal and business banking account services |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Commencement Bank product offering
Product offeringCore offering
Commencement Bank is a community bank headquartered in Tacoma, Washington that provides commercial and personal banking services through five branches across Washington State. Its core offerings include commercial lending (commercial real estate, commercial and industrial, SBA products), business deposit accounts, treasury management, merchant services for businesses, and personal deposit accounts plus personal loans and credit products for individuals. Supporting infrastructure includes online banking, mobile banking, wire transfer services (FedWire and ISO 20022), and access to the MoneyPass ATM network.
Product overview
Commencement Bank offers a comprehensive suite of commercial and retail banking products and services through a hub-and-spoke architecture. The core offerings consist of Commercial Banking (including Lending Solutions, Deposit Solutions, Treasury Management, and Merchant Services) and Personal Banking (including Personal Deposit Solutions and Personal Loans & Credit). Digital services include Online Banking with RDC login and Loan Payment Portal, complemented by MoneyPass ATM network access for surcharge-free cash withdrawals. The bank operates five branch locations across Washington State (Tacoma headquarters, Enumclaw, Olympia, Auburn, and Gig Harbor) serving Pierce, South King, and Thurston counties.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Banking
- Lending Solutions
- Deposit Solutions (Business)
- Treasury Management
- Merchant Services
- Personal Banking
- Personal Deposit Solutions
- Personal Loans & Credit
- Online Banking
- MoneyPass ATM Access
Quantifiable outcome
- Nearly 30% increase in Q1 2026 net income compared to same period in 2025
- +3 more outcomes
Companies that use Commencement Bank
Customer profileSegments3 records
Ideal customer profiles3 records
Commencement Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
Commencement Bank partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Columbia BankminorTalent acquisition source - hired multiple experienced banking professionals from Columbia Bank including a three-person commercial healthcare banking team and leadership additions in deposit operations and retail banking.
Scale indicators14 records
Recent moves9 records
Expansion highlights5 records
Commencement Bank competitors and assessment
Company assessmentDirect peers
- Banner Corporation: Walla Walla-based Pacific Northwest community bank with commercial, SBA, and retail banking across Washington and Oregon. Comparable in business model, geography, and target customer segments.
- Timberland Bank: Washington-based community bank with commercial lending, retail deposits, and SBA focus operating across Western Washington. Comparable in scale, geography, and relationship-banking strategy.
- Heritage Financial Corporation: Olympia-headquartered Washington state-chartered commercial bank with branch network across the Pacific Northwest. Compares closely given overlapping Washington geography, similar commercial / small business focus, and recent employee-mobility flows between the two institutions.
- Umpqua Holdings Corporation: Pacific Northwest-focused commercial bank offering commercial lending, treasury, and personal banking. Comparable as a relationship-banking community/regional bank in adjacent Oregon and Washington markets, and a prior employer of several Commencement Bank leaders.
- Columbia Banking System: Tacoma-headquartered Pacific Northwest commercial bank and the legacy employer of multiple recent Commencement Bank senior hires. Closest geographic and product overlap, competing for the same small/mid-size business and retail customers.
- Sound Community Bank: Washington-state chartered community bank serving the Puget Sound region with commercial and consumer banking. Comparable in community-banking model and direct overlap in Pierce, King, and Thurston counties.
- Wheatland Bank: Washington community bank headquartered on the east side of the Cascades, expanding into Western Washington with CRE, C&I, and SBA lending. Comparable in commercial focus and SBA product mix.
- HomeStreet, Inc. Seattle-based community bank with commercial, mortgage, and retail banking. Comparable as a Pacific Northwest commercial and consumer banking franchise of similar scale to Commencement Bank.
Regional players
- Global Credit Union: Washington-state chartered credit union serving Pierce, King, and surrounding counties. A nearby Washington-based depository institution competing for similar retail deposit and consumer loan customers, though structured as a member-owned cooperative.
Broad incumbents
- Pacific Premier Bancorp: Larger Pacific Coast regional bank with commercial and business banking across Washington, Oregon, California, and Arizona. Competes for the same mid-market commercial relationships but at meaningfully greater scale and product breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Commencement Bank social profiles
Digital presenceCommencement Bank compliance and trust
Trust signalCompliance3 records
Commencement Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Commencement Bank leadership team
Management profileNumber of profiles
Profiles21 records
Commencement Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Commencement 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 Commencement Bank
What does Commencement Bank do?
Commencement Bank is a community bank headquartered in Tacoma, Washington that provides commercial and personal banking services through five branches across Washington State. Its core offerings include commercial lending (commercial real estate, commercial and industrial, SBA products), business deposit accounts, treasury management, merchant services for businesses, and personal deposit accounts plus personal loans and credit products for individuals. Supporting infrastructure includes online banking, mobile banking, wire transfer services (FedWire and ISO 20022), and access to the MoneyPass ATM network.
Is Commencement Bank a public or private company?
Commencement Bank is a public company. It is classified as public and is currently operating.
When was Commencement Bank founded?
Commencement Bank was founded in 2006. It employs 11 to 50 people.
Where is Commencement Bank based?
Commencement Bank is headquartered in Tacoma, United States, in the North America region.
How does Commencement Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are non-Interest Income and deposit Services.
Who are Commencement Bank's main competitors?
Direct peers on record are Banner Corporation, Timberland Bank, Heritage Financial Corporation, Umpqua Holdings Corporation, Columbia Banking System, Sound Community Bank, Wheatland Bank and HomeStreet, Inc.. Global Credit Union is listed as a regional player. Pacific Premier Bancorp is listed as a broad incumbent.
Does Commencement Bank have an API?
No public API is recorded for Commencement Bank.