Bank of Commerce Holdings (BOCH)

Overview

Bank of Commerce Holdings operates as the parent company for Merchants Bank of Commerce, which focuses on delivering a wide range of financial services to both small and medium-sized enterprises as well as individual retail customers across California. The bank is committed to offering various deposit solutions and an extensive array of lending options. It aims to meet the financial needs of its diverse clientele through its robust portfolio of banking services and products.

Products and Services

• Deposit Options:

  The bank provides a variety of deposit choices that include standard checking accounts, interest-bearing checking accounts, money market accounts, and traditional savings accounts, giving clients the flexibility to select the option that best suits their financial needs.

• Certificates of Deposit (CDs):

  Certificates of Deposit offer customers a higher interest rate in exchange for committing funds for a specified term, allowing for safer savings and predictable growth.

• Lending Solutions:

  It boasts a comprehensive lending portfolio featuring commercial loans, commercial real estate loans, residential real estate loans, consumer loans, and construction loans. Additionally, the bank provides term loans and loans backed by the Small Business Administration (SBA) to support local businesses.

• Electronic Banking:

  The bank offers advanced electronic banking solutions that include online banking services, mobile banking applications, and other digital tools designed to enhance customer convenience and accessibility.

• Sweep Arrangements:

  Sweep arrangements are designed to optimize cash management for businesses, automatically transferring amounts above a set threshold into higher interest accounts, thus maximizing interest earnings.

• Safe Deposit Boxes:

  Secure safe deposit boxes provide individuals and businesses with a safe place to store important documents and valuables, ensuring peace of mind regarding their safety and accessibility.

• Collection Services:

  The bank offers collection services to assist businesses in managing accounts receivable more effectively, ensuring timely payments and improving liquidity.

• Payroll Processing:

  Payroll processing services simplify the payroll management process for businesses, ensuring compliance and timely payments to employees.

• ATM and Point-of-Sale Capabilities:

  The bank provides convenient ATM services and point-of-sale technology, facilitating easier transactions and cash access for customers and businesses.