Southwest Heritage Bank is a community bank serving commercial and individual customers in Arizona and New Mexico, operating under holding company Bancorp 34. The bank runs seven branches across two states, focused on the Phoenix, Tucson, and Southern New Mexico markets. Southwest Heritage Bank targets small and medium-sized businesses, professionals, and individuals, and sells through a relationship-driven model using experienced local bankers. The loan portfolio is heavily weighted toward commercial real estate — non-owner occupied CRE is roughly 38% of loans and owner-occupied CRE is roughly 22% — with C&I loans at around 16%. The bank funds its lending primarily through core deposits, which represented about 88.5% of total deposits at year-end 2024, with non-interest-bearing deposits making up roughly 28% of the total. Like most community banks, Southwest Heritage Bank earns a net interest spread between its deposit costs and loan yields. The bank also participates in SBA 7(a) lending, which provides government guarantees on a portion of its C&I portfolio. The bank's current footprint is largely the result of its March 2024 merger with CBOA Financial, parent of Commerce Bank of Arizona, which added roughly 43% of the current deposit base and expanded the Arizona franchise. The bank's growth strategy centers on organic commercial banking growth in Arizona, deepening its core deposit franchise through treasury management relationships, and opportunistic M&A.