Important Policy Update:                     
Discontinuation of the U.S. Penny      

November 14, 2025
The U.S. Mint has reportedly ceased production of the penny due to rising manufacturing costs. Consequently, The Bank of The West, along with financial institutions nationwide, will no longer receive penny shipments from the Federal Reserve as they are being phased out nationwide.

What This Means for You:
Limited Penny Supplies: Effective immediately, The Bank of The West is reserving the right to limit the distribution of pennies in order to preserve supply for normal business operations. This conservation includes allocation of pennies only to business customers in limited daily amounts.  Effective immediately, we will no longer sell pennies to non-customers.  These steps will allow us to serve all of our customers as long as possible, and we may adjust these procedures as our current inventory nears depletion.
Cash Transaction Rounding: This change applies only to cash payments paid out from us. We will continue to provide exact change to customers as long as possible and our penny supply allows.  Once our penny supply is exhausted, we may begin rounding certain cash transactions up to the nearest nickel. 
Digital Payments: Digital, mobile, and card transactions will continue to support exact amounts.

Pennies are Still Legal Tender: Pennies are still legal tender and valid for purchases, deposits and payments. While they remain in circulation and until phased out completely, you may continue using and depositing them.
Turn Your Penny Jar into Savings: While still legal tender, customers are welcome to bring their pennies to any branch of The Bank of The West to deposit or exchange them. Don’t let your change sit idle-- put it to work!

We will continue to closely monitor updates from the Federal Reserve and the U.S. Treasury regarding penny production and will adjust our procedures as new information and regulatory guidance becomes available.  The Bank of The West is committed to supporting our business and individual customers through this transition. If you have questions about how this change may affect your business operations or personal banking, please contact or stop by your local banking branch.