Bank of Commerce is a Mississippi-based financial institution that aims to empower the local community with comprehensive banking solutions. Established in 2015, the bank is a subsidiary of Commerce Bancorp and focuses on providing a wide array of financial products and services, including savings accounts, loans, deposits, checking accounts, credit and debit cards, mortgages, and commercial lending. The institution also offers convenient online banking services to cater to the needs of its customer base. In its latest funding round, Bank of Commerce secured a significant $3.72M investment through a grant received on 10 April 2023. The investment was made by the Community Development Financial Institutions Fund, reflecting confidence and support from a notable financial entity. As Bank of Commerce continues to establish its presence in the Financial Services and Banking industries, the recent investment is poised to fuel the institution's growth and further strengthen its position within the Mississippi market. With a steadfast commitment to meeting the diverse financial needs of the local community, Bank of Commerce is positioned to leverage this investment to enhance its offerings and expand its reach across Mississippi.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $3.72M | 1 | Community Development Financial Institutions Fund | 10 Apr 2023 |
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