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About Us

happy business man standing before a team of people working at a table


About Us

Personalizing Banking Since 1934

Bank 34 is a wholly owned subsidiary of Bancorp 34, Inc. Shares of Bancorp, 34, Inc. common stock trade on the OTCQB market under the symbol "BCTF" with headquarters in Scottsdale, Arizona.

We are a community bank founded in 1934 with locations in Scottsdale, Arizona and Alamogordo and Las Cruces, New Mexico. There are many reasons why people are choosing us over large national banks. 'Stand Independent' is a strong, declarative statement that reinforces the sense of community and personal service that you can only get from a community bank. We have all the same quality products, services and technology as the big guys, but we offer a more personalized and friendly banking experience. Our customers desire a refreshing and more intimate alternative to the large banks, coupled with a more proven track record than the newer small banks.  We offer true relationship banking and do more to earn your business.

About Us E-Flyer


Positioning Statement

Bank 34 is an independent business bank, delivering an exceptional customer experience and serving our communities, for business owners, entrepreneurs, and individuals, making collaborative banking relationships possible.


Mission Statement

Our mission is to be the premier provider of banking services in our communities, based on solid customer relationships resulting in customer loyalty, team member satisfaction, and increased shareholder value.


Our Pillars

We are accountable, expecting ourselves and others to be dependable, consistent, responsive, and professional.

We communicate, valuing collaboration, teamwork, and transparency.

We build trust, by being honest, respectful, and acting with integrity. 

We innovate and embrace change, by being flexible and adaptable to the needs of our customers, colleagues, and communities.


Our History

As our name implies, Bank 34 was founded in 1934. Born and raised in the small town of Alamogordo, New Mexico, our upbringing has been very unique for a community bank. Home to Holloman Air Force Base, White Sands Missile Range, and an abundance of natural beauty, Bank 34 has served clientele from across the nation and throughout the world—serving diverse financial needs of families and businesses associated with this vibrant and ever-changing military influence.

If you desire a refreshing and more intimate alternative to the large banks, coupled with a more proven track record than the newer small banks, we welcome you to experience the next exciting chapter in our history. Bank 34 expanded its geographic footprint in southern New Mexico with the opening of its full-service banking center in Las Cruces in 2008. In 2012, the Bank established a loan production office in Scottsdale, Arizona and in 2014, acquired Bank 1440 in Arizona.  Our headquarters changed from New Mexico to Scottsdale, Arizona in May 2022. 

Currently, Bank 34 operates banking centers in Scottsdale, AZ and Alamogordo and Las Cruces, NM. While expanding to larger contiguous markets is unusual for smaller banks, our history of being in a business environment normally associated with much larger cities is a very natural extension of our business experience and heritage of over 85 years. Since its inception, Bank 34's Board of Directors has been comprised of civic and business leaders in the communities we serve. Thriving on opportunity and change has been, and will continue to be, a hallmark of the Bank. Bank 34 began as a federal thrift charter and was once named Alamogordo Federal Savings and Loan Association (Alamo Fed for short). Alamo Fed's primary business emphasis was residential mortgage lending and savings programs for families. During the past decade, the Bank has been strategically migrating to a more traditional community bank model with greater emphasis on small business banking and commercial lending. This, combined with expansion to new markets for growth in the business banking sector, led to Alamo Fed changing its name in 2008. Times have changed. Banking has changed. From humble beginnings to visionary growth, Bank 34 has continued to stand independent through it all.

Bank 34—named for our years of experience and stability—continues to act on the notion that small business is a core component of the American dream and independence. As proud as we are of our past, we know that banking as we know it today, will evolve again. We will be prepared to respond to the financial world you live in with tailored financial solutions for your family and your business.


Senior Management

  • Jim Crotty, President & Chief Executive Officer
  • Kevin Vaughn, Senior Vice President | Chief Financial Officer
  • Kim Yacuel, Senior Vice President | Chief Operations Officer

Board Of Directors

  • Randy Rabon, Chairman
  • Elaine Ralls, Vice Chair
  • Bill Burt, Director
  • Don Van Winkle, Director
  • Pete Cook, Director
  • Jim Crotty, Director
  • Spencer T. Cohn, Director
  • Kevin Ahern, Director

Advisory Board

  • Sharon Lechter (AZ)
  • Dave Sciotto (AZ)
  • Nancy Stone (AZ)
  • Tyler Johnson (NM)
  • Jacob Slavec (NM)
  • Bob Pattillo (NM)