CoreFirst Bank & Trust
| Company type | Private |
|---|---|
| Industry | Banking |
| Predecessor | Commerce Bank & Trust |
| Founded | December 3, 1959 in Topeka, Kansas, United States |
| Headquarters | Topeka , United States |
Area served | Topeka, Lenexa, Olathe (Kansas), Englewood (Colorado) |
| Products | Personal and business banking, deposit accounts, installment and mortgage loans, Visa credit cards, trust administration, investment management, lockbox services, merchant card processing, Internet Banking, Billpayer, E-Statements, bilingual ATM and Debit Cards, Automated Phone Information System |
| Website | www |
CoreFirst Bank & Trust—previously known as Commerce Bank & Trust—is a community bank with its headquarters situated in Topeka, Kansas. The institution adopted the CoreFirst Bank & Trust name to create a clear distinction from other similarly named "Commerce Banks" both within Kansas and across the country. Since this rebranding, CoreFirst has operated under three distinct brand identities.
CoreFirst provides banking services to communities located in Topeka, Lenexa, and Olathe in Kansas, as well as Englewood, Colorado.
Its portfolio includes personal and business banking solutions such as deposit accounts, installment and mortgage loans, Visa credit cards, trust administration, investment management, lockbox services, and merchant card processing. The bank’s digital capabilities encompass Internet Banking, Billpayer functionality, E-Statements, bilingual ATM and Debit Cards, along with an Automated Phone Information System available in both English and Spanish.
History
The institution commenced operations on December 3, 1959, under the name Commerce State Bank. It expanded its service offerings by obtaining trust powers in 1976 and subsequently rebranded to Commerce Bank & Trust. The bank launched its first branches inside retail stores in 1988 and extended its footprint beyond Topeka with a branch opening in Emporia, Kansas in 1997. By 2004, total assets had grown to $1 billion.
In July 2007, the bank adopted the CoreFirst Bank & Trust name to facilitate growth beyond the Topeka market. That same year marked its entry into Colorado through the acquisition of First United Bank, NA’s charter based in Englewood. CoreFirst also established a branch in Shawnee, Kansas and later expanded with two additional locations in the Kansas City, Kansas metropolitan area. Today, its branch network consists of 12 offices across Kansas and Colorado.
The Federal Reserve Board concluded an enforcement action concerning the bank’s employee stock ownership plan in 2015.