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Merchants Bank of Commerce
 
 

Merchants Bank of Commerce History

Our Comapany

Accordion 1
In The Beginning

1981/1982 – "New bank optimistic of good times" read the headline. The new bank was Redding Bank of Commerce and its holding company was Redding Bancorp. Both were formed by 13 local business professionals who also made up the original Boards of Directors. They had a vision for a financial institution that catered to the business and professional customer base in Redding, California. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982.

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Branching Out

1998 – With our reputation for superior commercial banking we expanded our footprint with the opening of Roseville Bank of Commerce, a division of Redding Bank of Commerce to service the Sacramento metropolitan area. In 2014 Roseville Bank of Commerce was renamed Sacramento Bank of Commerce, a division of Redding Bank of Commerce in order to better reflect the larger market that this division served.

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Holding Company Name Change

2007 – Shareholders voted to change the holding company’s name from Redding Bancorp to Bank of Commerce Holdings.

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Bank of Choice

2007 – Shareholders voted to change the holding company’s name from Redding Bancorp to Bank of Commerce Holdings.

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Branch Acquisition

2016 – On March 14, 2016, Redding Bank of Commerce finalized its acquisition of five former Bank of America branches located in northern California. These acquired branches were located in Colusa, Corning, Orland, Willows, and Yreka.

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Whole-Bank Acquisition

2019 – On January 31, 2019, Bank of Commerce Holdings and its wholly-owned subsidiary, Redding Bank of Commerce, finalized its acquisition of Merchants Holding Company and its wholly-owned subsidiary, The Merchants National Bank of Sacramento (“Merchants”), a 97 year-old institution and the oldest locally owned and operated bank in Sacramento. On February 1, 2019, Merchants began operating as The Merchants Bank of Sacramento, a division of Redding Bank of Commerce.

Accordion 7

Bank Name Change

2019 – On May 20, 2019, the Bank changed its name from Redding Bank of Commerce to Merchants Bank of Commerce. The change unified all of the Bank’s branches and divisions under one name and one logo.  The new name speaks to the legacy of both Redding Bank of Commerce and The Merchants National Bank of Sacramento. As Merchants Bank of Commerce, we remain committed to our core values of integrity, ownership, respect, excellence, and teamwork, and to fostering successful growth in our company, our people, and our community.  Our name changed, but we are still your bank of choice.