Finding the best bank in Oregon is easy because residents have access to some of the best banks in the country.
So whether you’re looking for a small town, community bank, or national bank, you’ll find everything you need in Oregon.
19 Best Banks in Oregon
Here are the best banks in Oregon that you can open an account with today:
- U.S. Bank
- First Citizens Bank
- Axos Bank
- CIT Bank
- Ally Bank
- Bank of America
- Chase Bank
- PNC Bank
- Wells Fargo
- Columbia Bank
- KeyBank
- WaFd Bank
- Umpqua Bank
- Banner Bank
- HomeStreet Bank
- Summit Bank
- Zions Bank
- Evergreen Federal Bank
- Riverview Community Bank
See Oregon’s Best Bank Bonus Offers & Promotions
1. U.S. Bank 
U.S. Bank is a big-name bank with branches in Oregon. They have one of the largest ATM networks and offer a robust online presence. Of course, like most big-name banks, you won’t get the highest interest rates, but if easy access to your money via ATM or physical branches is important, U.S. Bank makes it easy.
U.S. Bank offers 24/7 customer service and many ways to waive monthly service fees. They also have user-friendly mobile banking giving customers many ways to handle their banking needs.
U.S. Banks’ Products:
- Checking
- Savings
- CDs
- Credit cards
- Auto loans
- Home loans
- Personal loans
- Wealth management
2. First Citizens Bank 
First Citizens Bank is a Raleigh, NC-based bank with physical locations in 21 U.S. states. These states include Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin.
Members will need to reside in one of these states to open an account or access an ATM, but the bank does offer comprehensive digital and mobile banking services where you can deposit checks, monitor your accounts, and consult your most recent credit score.
Customers can choose from tiered membership options, each of which offers unique perks. For example, checking accounts have a free, Premier, or Prestige option. The Free Checking Account is as it sounds. It is free when you enroll in paperless statements and meet the $50 minimum deposit requirement.
The Premier and Prestige options aren’t much different, but you’ll need to make an opening deposit of $100 to qualify. Both these accounts will also earn interest. If you’re interested in EquityLines or CDs, you’ll also be eligible for preferred rates.
First Citizens Bank Products:
- Checking
- Savings
- Credit cards
- Loans
- Mortgage
- Insurance
- Retirements
- Investments
- Wealth management
- Small business services
- Commercial services
3. Axos Bank 
Axos Bank is an online-only bank, so you won’t have physical branches, but they offer many benefits. Using an online bank means you must handle your banking transactions digitally, but customers can use any ATM nationwide to access cash.
Axos Bank reimburses all ATM fees, pays a higher APY than brick-and-mortar banks on deposit products, and doesn’t charge any fees. In addition, Axos Bank offers 24/7 customer care and the option to earn cash back on debit card purchases instead of interest on certain checking accounts.
Axos Bank’s Products:
- Checking
- Savings
- Money Market
- CDs
- Mortgage
- Personal loans
- Auto loans
- Wealth management
4. CIT Bank 
CIT Bank is also an online bank that made our list of the best banks in Oregon because of its competitive interest rates and no-fee policy. While they don’t have a free ATM network like other online banks, they make up for it with their high-interest rates and low minimum deposit requirements for their deposit accounts.
A standout feature of CIT bank accounts is the interest they pay on their standard checking account. Most brick-and-mortar banks don’t pay interest on checking accounts, so this is an unusual perk. In addition, CIT Bank’s website is easy to use, and its customer service has long hours to help you with your banking needs.
CIT Bank Products:
- Checking
- Savings
- Money Market accounts
- Home loans
5. Ally Bank 
Ally Bank is an online-only bank that pays higher APYs and has lower (or no) fees. While you can’t access an in-person bank in Oregon, they offer many opportunities to handle your banking transactions, making it convenient.
Ally Bank doesn’t charge monthly fees or have minimum balance requirements. They belong to a network of 43,000 fee-free ATMs to make it easy to deposit or withdraw cash from your account and don’t charge overdraft fees.
Ally Bank’s Products:
- Checking
- Savings
- Money Market
- CDs
6. Bank of America 
Bank of America is a nationwide bank, but it’s one of the most popular banks in Oregon. Bank of America offers services to individuals and businesses with a wide range of products for both audiences.
Bank of America is a large bank, so you can access your account almost anywhere you go in the country if you need in-person banking. They also offer online and mobile banking with a wide range of products.
Bank of America Products:
- Checking
- Savings
- CDs
- IRAs
- Student bank accounts
- Mortgage loans
- Auto loans
- Wealth management options
7. Chase Bank 
Chase Bank is another nationwide bank that’s prevalent in Oregon. It’s the country’s largest bank with many banking products, including one of the largest selections of reward credit cards. In addition, Chase’s online banking is as user-friendly and intuitive as most online-only banks, so you can get the best of both worlds with a robust online presence and access to physical branches.
Chase offers bonuses on many of its accounts when you’re a new customer, and they offer many ways to waive monthly fees to avoid overpaying for your bank accounts.
Chase Bank’s Products:
- Checking
- Savings
- Debit cards for kids
- Home loans
- HELOCs
- Auto loans
8. PNC Bank 
PNC is another large national bank that has a large presence in Oregon. They have many unique bank products, including a combination of checking, short-term, and long-term savings, each that pays interest, but you earn the highest rates with the long-term savings account. In addition, PNC offers a great online presence and many educational opportunities for all ages, including kids.
PNC makes it easy to waive monthly banking fees and offers competitive interest rates compared to most big-name banks. PNC also offers a 24-hour grace period for overdrafts to help customers avoid unnecessary fees during difficult times.
PNC’s Banks Products:
- Checking
- Savings
- Student banking
- Military banking
- Credit cards
- Home loans
- Auto loans
- Personal loans
- Student loans
- Wealth management
9. Wells Fargo 
Wells Fargo is a mega bank found around the country, with 100 branches in Oregon alone. As you probably guessed, Wells Fargo offers a large selection of financial products, but like most large banks, their APYs are typically lower than local banks. They offer bonuses on accounts with high balances, so you might find attractive rates here if you’re a high-net-worth individual.
Wells Fargo offers many ways to waive the monthly service fees and offers most of the services big banks offer, like mobile banking, online banking, and online bill pay. In addition, it’s easy to find network ATMs and physical branches to conduct your banking transactions in Oregon and throughout the country.
Wells Fargo’s Bank Products:
- Checking
- Savings (including kids’ savings)
- Credit cards
- Home loans
- Personal loans
- HELOC
- Auto loans
10. Columbia Bank 
Columbia Bank is located in the Northwest, including Oregon. With 150 branches throughout Oregon, Washington, and Idaho, it’s easy to find a branch to handle your banking needs. In addition, Columbia Bank is deeply rooted in the community and knows every person who walks through its door by name.
Columbia Bank is a community bank with big bank offerings, providing customers with every financial product and financial advice they need. They offer personal and business banking products to help customers with all their financial needs in one place.
Columbia Bank Products:
- Checking
- Savings
- Personal loans
- Home loans
- Credit cards
- Wealth management
- Business banking services
11. KeyBank 
KeyBank is one of the country’s largest banks and is one of the best banks in Oregon. Key Bank offers a large selection of products, many of which don’t have fees, and all checking accounts don’t have overdraft fees if you go over less than $20.
KeyBank cares about the financial wellness of their customers, so they offer a 30-minute Financial Wellness Review to discuss your finances and goals and create a plan to help you reach financial security.
Key Bank’s Products:
- Checking
- Savings
- CDs
- Home loans
- Auto loans
- Student loan refinancing
- Personal loans
- Credit cards
- IRAs
- Mutual funds
- Education Savings Plan
- Health Savings Account
12. WaFd Bank 
WaFd is a regional bank, but they act more like a community bank getting involved in all aspects of Oregon residents’ banking needs. WaFd offers all the same products you’d find at a national bank but with a hometown feel.
They’ve been in business since 1917, fully investing daily in their customers and communities. Their banking products are straightforward and affordable, making it easy to make sense of your finances.
WaFd Bank Products:
- Checking
- Savings (including teen and student savings)
- CDs
- IRAs
- Education savings
- Mortgage loans
- Credit cards
13. Umpqua Bank 
Umpqua Bank is the largest bank in Oregon but also has banks along the west coast if you travel and have banking needs. There are over 200 branches to serve you. Umpqua focuses on its customers and surrounding community, doing everything it can to help those in need.
Umpqua Bank offers all the same services you’d find from your big-name banks but with a small-town feel. So you can walk in knowing they will know your name and remember your financial goals. Together, Umpqua Bank will help you reach financial security.
Umpqua Bank’s Products:
- Checking
- Savings
- Money Market
- Personal lines of credit
- Auto loans
- Boat & RV loans
- Personal loans
- Mortgage loans
- HELOCs
14. Banner Bank 
Banner Bank is a community bank in Oregon that offers personalized service and many helpful financial products. Banner Bank continually ranks #1 in customer service with J.D. Powers, whose slogan is ‘do the right thing.’
All employees at Banner Bank are there for their customers with every question, concern, and piece of advice. They have 50 branches in Oregon and over 175 branches throughout the west coast, yet you’ll feel like you’re banking at a small, hometown bank with more services.
Banner Bank’s Products:
- Checking
- Savings
- CDs
- IRAs
- Credit cards
- Home loans
- Home equity loans
- Personal loans
- Student loans
- Auto loans
15. HomeStreet Bank 
HomeStreet Bank is a west coast bank that offers many banking products and personalized services. In business since 1921, HomeStreet bank offers the community bank feeling with the products most big-name banks offer
HomeStreet bank is a full-service bank that helps customers in all aspects of their lives. You can expect top-notch customer service, whether you bank in person or online, and a wide selection of products.
HomeStreet Bank’s Products:
- Checking
- Savings
- Money Market
- CDs
- IRAs
- Credit cards
- Mortgage loans
- HELOCs
- Personal loans
16. Summit Bank 
Summit Bank is primarily a business bank, but they offer personal banking services too. They were one of the first independent banks to open in Oregon in 25 years, back in 2004. Today, they provide various services, including personal banking options for customers who prefer a smaller bank with a more intimate environment.
Summit Bank’s Products:
- Checking
- Savings
- Online bill pay
- Mortgage loans
- HELOCs
- Personal loans
- Auto, boat, and RV loans
17. Zions Bank 
Zions Bank is a west coast bank that originated in 1873. They offer the best of both worlds with a small bank feel but a large bank presence, especially online. In addition, they utilize the latest technology to provide customers with innovative ways to manage their finances.
Zions Bank has ATMs throughout eight surrounding states and provides services in-person and online to cater to every customer’s needs.
Zions Bank’s Products:
- Checking
- Savings (including kids’ savings)
- CDs
- IRAs
- Mortgage loans
- Credit cards
18. Evergreen Federal Bank 
Evergreen Federal Bank is a community bank that’s served Oregon for the last 85 years. They are the definition of a small-town bank, but with many powerful banking products. You can enjoy in-person, online, or mobile banking, and rest assured that you’ll see a familiar face each time you walk into the bank.
Evergreen Federal Bank Products:
- Checking
- Savings
- CDs
- Home loans
19. Riverview Community Bank 
Riverview Community Bank is a small town bank that’s been around for 90+ years. Riverview Bank offers many banking products, including online banking, but with a small-town community, bank feel.
There are four branches in Oregon, each of which is there to help you with your banking needs.
Riverview Community Bank Products:
- Checking
- Savings
- Money Market
- CDs
- IRAs
- Mortgage
- Home equity loans
- Personal loans
- Credit cards
Top National Banks With Branches in Oregon
Many national banks have branches in Oregon, including:
- Chase Bank
- Wells Fargo
- PNC
- U.S. Bank
- Bank of America
- Citibank
- Chime
How to Determine the Best Bank in Oregon
Choosing the best bank in Oregon means researching the features, fees, and access to your money. Some people prefer online banks, and others prefer national banks with many branches and access to bankers.
Features to Consider
- Fees: Always research the fees, as most banks charge monthly service fees but offer a way to waive them, usually with a minimum monthly balance. If a bank doesn’t offer a way to waive the fees, look for a bank with requirements you can meet.
- ATM and Branch Access: Consider how much you’ll utilize a bank branch (if at all) and ATMs. Most banks have an ATM network that could cost you money if you go outside of it.
- Interest Rates: If you’re depositing large amounts of money, you should earn high APYs. You’ll typically find the highest rates with online banks, but many banks in Oregon offer competitive rates if you prefer in-person banking.
- Fees/Hidden Fees: Always look at the fee disclosures to see what other fees banks may charge, such as paper statements, overdrafts, and bank teller fees.
- Online/Mobile Banking: Most banks offer online/mobile banking, but never assume. See if you can take a test drive of the products to see if the online presence is something you like and can use.
Understanding Types of Banks
- Local: Local banks are usually only present in a single community, but some have several branches. You won’t find them outside of the state of Oregon, and they usually offer more personalized services.
- National: National banks can be found around the country. They often have hundreds of branches and large ATM networks.
- Regional: Regional banks are present in a few surrounding states, such as the west coast. They combine the benefits of local and national banks, giving customers the best of both worlds.
- Online: Online banks only offer their services online or via ATM. Because of their lower overhead, you can usually get higher APYs and lower fees with online banks.
- Credit Unions: Credit unions are owned by their members and are not-for-profit. The fees are usually much lower, and APYs are higher. Credit unions are often more flexible with their underwriting guidelines too.
- Savings and Loans: Savings and Loan associations, known as thrifts, aren’t a bank but rather help people become homeowners. They aren’t as common today and are owned by shareholders and customers.
Choosing the Best Type of Bank Account in Oregon
Choosing the right bank is the first step, but you must also choose the right bank account.
First, decide what type of bank presence you need. For example, do you travel often and need a national bank, or stick close to home and prefer more personalized service. Once you narrow down your options, you should look at their banking products.
Look closely at the fees, APYs, and minimum deposit requirements. Then, think about your goals with the products, and see how they fit your financial needs.
Frequently Asked Questions
Choosing the right bank in Oregon is a big decision. Here are some of the most commonly asked questions:
Which bank is most commonly used in Oregon?
Umpqua Bank is the most popular (and largest) bank in Oregon. Its community bank feel, with large bank outreach, makes it one of the most popular banks in the state.
How many banks are in Oregon?
There are 39 local and national banks in Oregon. As a result, the residents of this beautiful state have options between national, big-name banks, and local community banks, all with robust product offerings.
Which banks are in Salem, OR?
Salem, Oregon, has many big-name banks, including U.S. Bank, Bank of America, Wells Fargo, Chase, Union Bank, Columbia Bank, Pioneer Trust Bank, and Citizens Bank.
Which bank in Oregon has the most branches?
Umpqua Bank has the most branches, with 100 branches spanning the state of Oregon.
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