The Bank of Commerce
The Bank of Commerce was opened on August 3, 1959 in Idaho Falls, Idaho by a group of local businessmen who felt there was a strong need for a community bank in this area to serve small businesses and the agricultural sector.
The group pooled $8 Million in capital to fund their vision. Today, the bank has grown to over $1 Billion in assets, serves over 26,000 customers and employs over 200 people.
The main branch of the bank was located at 1020 Northgate Mile. Since then, several branches have opened across Southeastern Idaho, including Idaho Falls, Shelley, Rigby, Ririe, Mud Lake, Rexburg, Driggs, Blackfoot, Pocatello, American Falls and Dillon, Montana.
The Bank of Commerce has earned and maintained Bauer Financials recommendation (5-stars or 4-stars) for 30 consecutive years and has been called one of the strongest banks in the nation by Money magazine, a rare designation requiring strict standards for equity, profitability, liquidity and problem loans. Additionally, The Bank is consistently rated in the Top 100 Banks in Agricultural Lending nationwide (Source: FDIC statistics).
The success of our community is important to us. We feel that a community bank does much more than make loans and open checking accounts; we also have an important role in supporting and serving the community, and we take our role seriously. Our employees have a passion for volunteerism. In 2019, we donated over 8,400 hours to community causes. We’re committed to staying engaged in the communities we serve.
Some financial institutions are exempt from paying taxes; The Bank of Commerce is proud to do so to provide important funds to support the infrastructure of our communities.
The Bank of Commerce embraces technological advancements that assist customer transactions, but we remain committed to building strong customer relationships and believe that technology can enhance - but never replace - the services our employees provide.