We will be the preferred provider of financial services in our communities based on solid client relationships resulting in client loyalty, increased shareholder value, and employee satisfaction.
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. Times have changed. Banking has changed. Bank 34 has continued to stand independent through it all.
Bank 34 is a wholly-owned subsidiary of Bancorp 34, Inc., which is a public company trading on the NASDAQ stock exchange under the symbol “BCTF”. 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.
Currently, Bank 34 operates banking centers in Alamogordo and Las Cruces, NM and Scottsdale and Peoria, AZ. While expanding to larger contiguous markets is unusual for smaller banks, our past 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.
Today, 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 again evolve. We will be prepared to respond to the financial world you live in with tailored financial solutions for your family and your business.