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First Commerce Bank Review

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First Commerce Bank Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 2002, First Commerce Bank has assets totaling $355 million and $321 million in deposits, making it a small bank. First Commerce Bank, whose headquarters are in Lewisburg, Tennessee, lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.3 stars out of 5, First Commerce Bank is a great bank that you should seriously consider. First Commerce Bank offers a full selection of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. First Commerce Bank has a fair savings rate; other popular banks have higher rates. The bank's standard checking product carries a $5.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Institutions that offer no-fee checking as well as a high savings APY are the best bet for getting the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.25%, First Commerce Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 1.75% and the five-year CD earns at a rate of 2.80%, while its highest-yielding money market account has an APY of 0.30%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How First Commerce Bank's Savings Rates Compare

First Commerce Bank Savings 0.25 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

First Commerce Bank has typically above-average fees compared to the average U.S. bank. At $5.00 per month, First Commerce Bank is not great for people who want a basic banking experience. Additionally, at $33.00, First Commerce Bank has a considerably lower overdraft fee compared to the average U.S. overdraft fee. First Commerce Bank does not refund out-of-network ATM charges, meaning you'll be required to locate a First Commerce Bank ATM or eat the ATM charge.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $33.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

First Commerce Bank is a brick-and-mortar bank, with four total branches in Tennessee. With mobile and web apps, First Commerce Bank makes account access straightforward, even on the go. First Commerce Bank gets great scores from customers for its mobile platform. The First Commerce Bank mobile app has been given a 4.7 out of 5 (with 16 customer reviews on Apple and Android) compared to the national average of 3.8. You can use First Commerce Bank's mobile app to control your funds by checking account balances, transferring funds as well as accessing customer service. First Commerce Bank receives an outstanding consumer satisfaction rating based on comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

First Commerce Bank ranks as a small bank and handles assets totaling $355 million and $321 million in deposits. Its Texas Ratio is 1.66%, signifying a minute possibility of failure. Additionally, First Commerce Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare First Commerce Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $1
Checking Account 0.25% APY $1000
Certificates of Deposit
  • 12 Month: 1.75% APY
  • 24 Month: 2.15% APY
  • 36 Month: 2.35% APY
  • 48 Month: 2.65% APY
  • 60 Month: 2.80% APY
$1000 for all terms
Money Market Account 0.3% APY $10000

First Commerce Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. First Commerce Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. First Commerce Bank's CD rates are fair compared to other U.S. banks.

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Find a First Commerce Bank Near Me

First Commerce Bank has four physical branches in the U.S.

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