Two new complexes, [Pd(L1)(C,N)]NO3 (1) and [Pd(L2)(C,N)]NO3 (2) (L1 = 5‐nitro‐1,10‐phenanthroline, L2 = 4‐methyl‐1,10‐phenanthroline, C,N = benzylamine), have been synthesized and characterized using infrared and NMR spectroscopies and elemental analysis. Montmorillonite (MMT‐K10 clay) was used as a solid support for incorporating the cationic part of complexes 1 and 2 to produce catalysts 1 and 2, respectively, as heterogeneous catalysts. Catalyst 1 was identified using powder X‐ray diffraction and scanning and transmission electron microscopies, and the content of palladium obtained from inductively coupled plasma analysis. By changing the electron‐donating group on the L1 ligand with an electron‐withdrawing one, a minor improvement was observed in the catalytic properties. Catalyst 1 showed better efficiency for oxidation of benzyl alcohol in comparison with catalyst 2, so catalyst 1 was used for the aerobic oxidation of alcohols to corresponding aldehydes or ketones without over‐oxidation (with and without bubbling of air). This catalytic system showed high activity towards alcohols under mild conditions. Finally, the reusability of catalyst 1 was investigated with multiple reuses of the supported catalyst in subsequent alcohol oxidation reactions.