CommerceOne Bank

Over 900 financial institutions across the U.S. have embraced the FedNow® Service, the Federal Reserve's instant payments infrastructure, to meet the growing demand for faster payment solutions. In 2023, a significant majority of businesses (86%) and consumers (74%) reported using instant payments, with many expecting their financial institutions to provide these services. The FedNow Service empowers banks to stay competitive, enhance customer experience, generate new revenue, and attract and retain customers. Notably, instant payments offer users greater control over cash flow and the precise timing of payments, benefiting both individuals and businesses. Institutions like 1st Source Bank and Salem Five Bank are leveraging FedNow to innovate and improve customer experiences in areas like bill pay, digital wallet funding, and earned wage access. As financial institutions and fintechs explore these use cases, the adoption of instant payments continues to grow, paving the way for future innovations. Read the full article to explore how instant payments are shaping the future of banking. https://lnkd.in/ehamQiaa #commerceonebank #exceptional #bankingjournal

Welcome to the Team, Brooke! 🎉 We are excited to welcome Brooke Savage a recent graduate from the University of Alabama, to the CommerceOne team. With a degree in Finance and Economics, Brooke brings a solid foundation of knowledge from her academic achievements and valuable experience from her financial internships. Additionally, her time as a fitness trainer with F45 has developed her discipline and drive—qualities we greatly value at CommerceOne. We look forward to supporting Brooke's eagerness to learn and grow as she embarks on her professional journey with us. Welcome aboard, Brooke—here’s to #exceptional things ahead! 🚀 #CommerceOne #NewHire #CommercialBanking #Growth

📢 CommerceOne Welcomes Chase Wise to Our Board of Directors! CommerceOne is pleased to announce that Chase Wise has joined our Board of Directors for CommerceOne Financial Corporation and CommerceOne Bank. With his wealth of experience and leadership, we are confident he will contribute to our continued success. About Chase Wise: Career: Started in the steel industry in 2008, President of Saginaw Pipe Company since 2018. Philanthropy: Helped establish the Saginaw Foundation for Hope, focusing on disaster relief. Board Experience: Currently serves on the Board of Rampart IC, providing full-body radiation protection for healthcare workers. Former member of the BBVA Compass Bank Young Executive Board (2009-2011). Education: Birmingham-Southern College, Harvard Business School Program for Leadership Development. Recognition: Leadership UAB Class of 2010, National Multiple Sclerosis Leadership Class of 2015. Join us in welcoming Chase as we look forward to his valuable contributions to CommerceOne’s mission of delivering exceptional, individualized banking services. #Exceptional #BoardOfDirectors #CommerceOne #Banking

🔒 Protect Yourself from Scams and Fraud: Updated Best Practices 🔒 At CommerceOne Bank, we understand the stress and uncertainty that comes with realizing your sensitive information has been compromised. But rest assured, all is not lost. We’ve just updated our comprehensive guide to help you recover swiftly and safeguard against future incidents. In our latest blog post, discover clear and actionable steps to: Secure your accounts and prevent further unauthorized access. Implement multi-factor authentication and update your passwords. Place fraud alerts and review your credit reports. Report to the FTC and local law enforcement. Adopt best practices for ongoing measures to protect your financial information. Additionally, we discuss leveraging fraud detection tools, securing your devices, and staying informed about the latest threats. 👉 Read the Full Blog Post Here https://lnkd.in/eHS4Aux3 Navigating through fraud can feel overwhelming, but CommerceOne Bank is here to support you every step of the way. Stay vigilant, stay protected. #FraudPrevention #CyberSecurity #BankingSafety #CommerceOneBank

Welcome Back, Miles Waldrop We’re thrilled to welcome back Miles Waldrop for his second summer with us as an intern. Miles is currently studying finance at the University of Alabama, and his eagerness and dedication have already made a lasting impression. Last summer, Miles was an invaluable asset to our team, bringing a fresh perspective to our projects. We’re excited to see how he’ll build on that experience this year and continue to grow in his role. Join us in giving Miles a warm welcome back. Here’s to another summer of learning, growth, and great contributions! Welcome back, Miles!

🇺🇸 Happy 4th of July from CommerceOne Bank! 🇺🇸 As we celebrate freedom and independence, we want to inform our clients that we will be closed today, July 4th, in observance of Independence Day. We hope you enjoy this day with your family and friends. While our physical locations will be closed, you can still access your accounts and manage your finances through our online and mobile banking platforms. We will resume normal business hours on Friday, July 5th. Stay safe, and enjoy the festivities!

📢 Senate Banking Committee to Review FDIC Nomination 📢 On July 11, the Senate Banking Committee will convene to consider the nomination of Christy Goldsmith Romero as the new chair of the Federal Deposit Insurance Corporation (FDIC). Currently serving on the Commodity Futures Trading Commission, Goldsmith Romero is set to step in following a significant workplace scandal within the FDIC. This hearing will also address key nominations for Caroline Crenshaw, Kristin Johnson, and Gordon Ito, marking a pivotal step in fortifying our financial regulatory landscape. As the confirmation process unfolds, all eyes will be on the Senate to see if Goldsmith Romero can secure the necessary support to lead the FDIC, navigating both the ongoing cultural challenges and a demanding regulatory agenda. You can find the full article in the link below: https://lnkd.in/exientCx #FDIC #SenateBankingCommittee #FinancialRegulation #Leadership #CommerceOneBank

In observance of Juneteenth, our offices will be closed today, but we will resume normal business hours Thursday, June 20th. As always, our online and mobile banking platforms will remain available around the clock, providing you with uninterrupted access to our financial services.

Welcome Scott Akin to the CommerceOne Bank Team! We are thrilled to announce the newest addition to our team, Scott Akin, who joins us as Vice President of Private Banking. Scott brings a wealth of experience and a diverse background in banking, having held various roles including Branch Manager, Mortgage Loan Officer, and Commercial Banking Solutions Relationship Manager. His extensive knowledge and expertise make him an #exceptional addition to our organization. Welcome aboard, Scott!

📊 Key Findings: As of 2022, borrowers paid a median amount of $6,000 in closing costs. The inquiry seeks feedback on the competitiveness, setting, and impact of these fees. 🏛 Industry Response: In a joint statement, the American Bankers Association, Housing Policy Council, and Mortgage Bankers Association acknowledged the importance of discussing policies that ensure a healthy and competitive mortgage market. They emphasized that any potential changes should undergo a rigorous rulemaking process under the Administrative Procedure Act to ensure benefits to consumers without adding unnecessary compliance costs. 🗣 Get Involved: The CFPB is inviting public feedback on this critical issue. Comments are due within 60 days of the request for comment being published in the Federal Register. Click the following link for the full article: https://lnkd.in/eGRbkBYe CommerceOne Bank: Responsive, Relentless, Exceptional