No, Bank of Commerce is not a government-owned institution; rather, it operates as a privately held or publicly traded commercial banking corporation depending on the specific charter entity carrying the name. While federal regulatory agencies such as the FDIC and the Federal Reserve oversee its operations, compliance, and consumer protection practices, the bank itself functions independently of state ownership. Its capital structure, governance, management decisions, and day-to-day operations are driven by private commercial interests, shareholders, or localized board directives rather than direct state control or public municipal management.