Merchants Bank of Commerce History
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.
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.
2007 – Shareholders voted to change the holding company’s name from Redding Bancorp to Bank of Commerce Holdings.
2007 – Proud of our reputation as northern California’s premier bank for business we re-branded as bank of commerce | bank of choice.
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.
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.
Bank Name Change