The Bank of Commerce is a regional FDIC-insured bank serving Idaho Falls, Pocatello, and Rexburg with checking, savings, loans, and business banking services.
Data compiled from public sources · Rating from CreditDoc methodology
The Bank of Commerce is a regional bank operating in Idaho with FDIC insurance backing and membership, indicating federal deposit protection. The bank serves both personal and business customers across multiple locations including Idaho Falls, Pocatello, Rexburg, and nearby communities. ) maintaining an account since 2003.
The bank offers a comprehensive suite of financial products including personal and business checking accounts, savings accounts, money market accounts, CDs, health savings accounts, personal and business loans, mortgages, home equity solutions, credit cards, and trust services including IRAs and probate/agency accounts. For business customers, they provide ACH origination, wire transfers, positive pay, merchant services, and account management. Digital banking is available through their mobile app (iOS and Android) and online banking platform.
The Bank of Commerce distinguishes itself as a local community bank with in-person branch banking and specialized lending relationships. Their home loan program emphasizes working with local lenders to guide customers through the home buying journey. 00% APY for balances of $50,000 and over.
The bank has routing number 124100417 and provides Spanish-language services. As a regional bank, The Bank of Commerce is best suited for customers seeking local relationship banking with branch access in Idaho communities. Customers should be aware that as a regional institution, they may have fewer branches and ATMs compared to national banks, and their product offerings and rates may vary compared to large national competitors.
The bank's emphasis on community banking suggests a focus on personalized service rather than cutting-edge digital-only banking.
The Bank of Commerce processed 94 mortgage applications in 2023, approving 85.1% of applicants across 4 states.
94
Applications
85.1%
Approval Rate
$573K
Avg Loan
4
States Served
Based on 94 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
The Bank of Commerce offers 14 services including Personal checking accounts, Personal savings and CD accounts, Personal credit cards, Personal loans and home mortgages, Business checking accounts, and 9 more.
The Bank of Commerce is best suited for Small business owners in Idaho looking for local relationship banking and personalized lending, Individuals and families in Idaho Falls, Pocatello, or Rexburg seeking community bank services, Customers prioritizing in-branch relationship banking and local decision-making over digital-first banking, Homebuyers in Idaho communities seeking mortgage lending from local lenders.
Key strengths: FDIC-insured deposits backed by full faith and credit of the U.S. Government; Competitive savings rate of 3.44% APY on $mart Cents Savings for balances up to $5,000; Established regional bank with long-term customer relationships (customers since 2003). Areas to consider: Regional bank with limited branch network compared to national institutions; NOW Account offers only 0.15% APY, significantly lower than savings account rates.
In the Banks category, comparable providers include Bankcda, D. L. Evans Bank, Farmers Bank. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.
CreditDoc Diagnosis
The Bank of Commerce is best for small business owners and individuals in Idaho communities (Idaho Falls, Pocatello, Rexburg) who value local relationship banking, in-person service, and community-focused lending. The main caveat is that as a regional bank, it has limited geographic reach and fewer branches/ATMs than national competitors, making it less suitable for customers requiring extensive nationwide access or those outside its service area.
Community-focused FDIC-insured bank serving the Inland Northwest with personal banking, business banking, home loans, and digital services across six locations.
Best for: Residents of Northern Idaho or Eastern/Central Washington seeking relationship-based community banking, Small business owners and entrepreneurs wanting local decision-makers and quick loan approvals
D.L. Evans Bank is a community bank serving Idaho and Utah since 1904, offering personal and business checking, savings, loans, mortgages, and investment services with FDIC insurance.
Best for: Idaho and Utah residents seeking personalized community banking with local branch relationships, Agricultural business owners and farmers needing specialized farming and ranch financing
Farmers Bank is an FDIC-insured community bank based in Idaho specializing in agricultural loans, checking accounts, and mortgage products with online and mobile banking.
Best for: Agricultural customers and farmers seeking specialized lending expertise and local relationships, Idaho residents prioritizing community banking and local decision-making
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