1st (First) Commerce Bank – its history started in 2006 as a community based bank . There are 7 branches are located in New Jersey and provide bank members with commercial and consumer financial services. First Commerce has an interactive website that contains an Internet Banking application that allows customers to enter their account via tablet, smartphone, or computer.
- Website – www.firstcommercebk.com
- Customer Service Telephone – 1 (877) 702-6985
- Swift Number – It does not makes part of SWIFT network
First Commerce Bank Online Banking Login
How to Login Step 1 – Visit 1st (First) Commerce Bank’s Website and click the Online Banking button in the right hand corner of the homepage. Step 2 – Click Login under which type of account you have (whether it be Business or Personal). Step 3 – Input your User ID in the available space, then click Continue. Step 4 – Enter […]
firstcommercebk
About firstcommercebk
We are a community-based, full-service commercial bank that emphasizes the banking needs of small to medium-sized businesses, professional entities, governmental agencies and individuals. We opened in January 2006 under the name Northern State Bank. We offer a broad range of consumer and commercial banking services to our customers. We offer high-quality service by providing more direct, personal attention than we believe is offered by competing financial institutions, most of which are branch offices of banks headquartered outside our primary trade area. We believe that this combination of quick, responsive and personal service, combined with state-of-the-art banking technology, provides our customers with a superior banking experience. We urge potential investors to read our 2015 Annual Report, and subsequent Shareholder Letters, for a review of our operations, by selecting the investor relations tab on this website.
On July 22, 2010, we entered into a Recapitalization Agreement with Messrs. Abraham Opatut and C. Herbert Schneider, as lead investors of an investor group (the “Investor Group”), under which Messrs. Abraham Opatut and Schneider agreed to assist us in recapitalizing the Bank (the “Recapitalization”). The Recapitalization was consummated on December 14, 2010, and we raised approximately $18.3 million in additional capital. As part of the Recapitalization, we also relocated our headquarters to 105 River Avenue in Lakewood, while maintaining our original branch in Closter, New Jersey. We now serve Ocean, Monmouth, and Mercer Counties in New Jersey, as well as our original target market of Bergen County, New Jersey. We also restructured our Board of Directors, adding 11 new Board Members, while maintaining four members of the Bank’s original Board. Finally, Mr. Abraham Opatut became Chairman of our Board, and Mr. C. Herbert Schneider became our President and CEO as part of the Recapitalization.
With the Recapitalization in December 2010, Northern State Bank finished the year 2010 with $77.6 million in total assets and $21.6 million in total capital. Subsequently, the Bank formally changed its name to First Commerce Bank in June, 2011, with additional capital of $7.2 million being raised in January, 2012 and $11.0 million in August, 2013. In the 4th quarter, 2015, there was $2.9 million raised from the exercise of warrants previously granted to the Northern State Bank shareholders as well as the founding directors and founders of First Commerce Bank, in formation. As of June 30, 2016 total assets were $758.4 million and total capital was $63.8 million.
From January 2011, to February 2018, First Commerce Bank expanded its physical presence as follows:
Date Address
April, 2011 | Headquarters, 105 River Avenue, Lakewood |
April, 2013 | Operations Center, 105 River Avenue, Lakewood |
May, 2013 | Branch, 40 North Main Street, Allentown |
October, 2013 | Branch, 1008 Teaneck Road, Teaneck |
April, 2014 | Branch, 44 Engle Street, Englewood |
March, 2015 | Branch, 118A Schanck Road, Freehold |
March, 2015 | Branch, 101 Chestnut Ridge Road, Montvale |
May, 2016 | Branch, 1412 Route 130, Robbinsville |
July, 2017 | Branch, 280 Passaic Ave, Fairfield |
February, 2018 | Branch, 789 Farnsworth Ave, Bordentown |
We would wish to share with you the financial highlights of First Commerce Bank.
Deposits | Loans | Capital | Assets | |
Date | $ In Millions | $ In Millions | $ In Millions | $ In Millions |
December 31, 2010 | $55.7 | $54.7 | $21.6 | $77.8 |
December 31, 2011 | $131.4 | $113.2 | $21.8 | $154.6 |
December 31, 2012 | $191.7 | $191.8 | $27.6 | $226.0 |
December 31, 2013 | $287.4 | $285.0 | $41.6 | $342.0 |
December 31, 2014 | $448.1 | $453.3 | $46.5 | $511.0 |
December 31, 2015 | $588.5 | $610.9 | $57.4 | $669.2 |
December 31, 2016 | $746.3 | $782.3 | $103.8 | $867.4 |
December 31, 2017 | $857.3 | $898.4 | $118.0 | $1,015.4 |
Recently, the Bank has received certain performance recognition in the banking community.
- The Bank was the fastest growing bank, headquartered in New Jersey, for 2013, 2014 and 2015 with growth being measured organically and on a relative basis.
- Financial Management Consulting Group (FMCG) in 2015 ranked our Bank as number 4 in overall financial performance for banks headquartered in New Jersey.
- FMCG ranked our Bank as number 1 in overall financial performance for banks headquartered in New Jersey as of March 31, 2016.
- SNL, in Charlottesville, Virginia, ranked First Commerce Bank number 13 in the country in overall financial performance in 2014 for banks in asset size between $500.0 million and $5.0 billion.
- SNL, in Charlottesville, Virginia, ranked First Commerce Bank number 27 in the country in overall financial performance in 2015 for banks with less than $1.0 billion in assets.
First Commerce Bank prides itself on being efficient, responsive, and relationship driven. The mission is to build the right family of talented staff members in order to achieve the desired results. First Commerce Bank is not about earnings, which is a short-term objective, as its mission is to build franchise value.
First Commerce Bank are a community-based, full-service commercial bank that emphasizes the banking needs of small to medium-sized businesses, professional entities, governmental agencies and individuals. We opened in January 2006 under the name Northern State Bank. We offer a broad range of consumer and commercial banking services to our customers. We offer high-quality service by providing more direct, personal attention than we believe is offered by competing financial institutions, most of which are branch offices of banks headquartered outside our primary trade area. We believe that this combination of quick, responsive and personal service, combined with state-of-the-art banking technology, provides our customers with a superior banking experience. We urge potential investors to read our 2015 Annual Report, and subsequent Shareholder Letters, for a review of our operations, by selecting the investor relations tab on this website.
On July 22, 2010, we entered into a Recapitalization Agreement with Messrs. Abraham Opatut and C. Herbert Schneider, as lead investors of an investor group (the “Investor Group”), under which Messrs. Abraham Opatut and Schneider agreed to assist us in recapitalizing the Bank (the “Recapitalization”). The Recapitalization was consummated on December 14, 2010, and we raised approximately $18.3 million in additional capital. As part of the Recapitalization, we also relocated our headquarters to 105 River Avenue in Lakewood, while maintaining our original branch in Closter, New Jersey. We now serve Ocean, Monmouth, and Mercer Counties in New Jersey, as well as our original target market of Bergen County, New Jersey. We also restructured our Board of Directors, adding 11 new Board Members, while maintaining four members of the Bank’s original Board. Finally, Mr. Abraham Opatut became Chairman of our Board, and Mr. C. Herbert Schneider became our President and CEO as part of the Recapitalization.