Bancorp 34 Inc. (BCTF)

Overview

Bancorp 34, Inc. serves as the parent company for Bank 34, a financial institution engaged in delivering a wide array of banking products and services aimed at both individual and business clients across the United States. Since its inception in 1934, the company has established a legacy of commitment and service, emphasizing the importance of customer-centric banking solutions. Headquartered in Scottsdale, Arizona, Bancorp 34, Inc. leverages its rich history and strategic branch locations in Arizona and New Mexico to fulfill its mission of providing tailored financial services that meet the evolving needs of its clients.

Products and Services

• Deposit Products:

  These include a variety of options such as savings accounts, checking accounts, money market accounts, demand and time deposits, NOW accounts, individual retirement accounts, and certificates of deposit. These offerings are designed to meet the diverse saving and transactional needs of clients.

• Loan Services:

  The company offers an extensive range of loan options including term loans, working capital loans, construction loans, USDA loans, small business administration loans, equipment loans, financing for assisted living and skilled nursing facilities, renewable energy and solar equipment financing, and commercial real estate loans. They also specialize in financing for small to medium-sized business acquisitions, lines of credit, multi-family finance, employee stock ownership plans, HOA lending, and investor pools for single-family rentals. This comprehensive suite accommodates various funding requirements from operational expansion to real estate development.

• Card Services:

  Bancorp 34, Inc. provides both credit and debit card options to their clientele, enabling easy and secure access to funds along with flexible spending capabilities.

• Additional Services:

  Clients can avail of other services like safe deposit boxes, treasury management, and merchant card processing. The company also emphasizes digital banking through offerings such as cash management, e-banking, mobile and online banking, bill payment, and merchant capture services, ensuring customers can manage their finances conveniently and efficiently.