Good Morning Jamal,
You should be able to use the Composite Bands Tool (Data Management) to create a raster dataset containing subset of the original raster bands. I am currently working from a mobile platform so cannot create a walk through for you.
Most applications, such as ArcGIS, only display 3 of the 4 bands at any one time with multi-band imagery. Normally the 4 bands are based upon light wavelength of red, green, blue, and near Infrared or Infrared. If you look at Landsat imagery there are typically 7 bands or hyperspectral image can have many more bands in discrete wavelength groups. The default is to display RGB, typically bands 3, 2 & 1 but you can change this in your image settings depending upon what you are doing with your imagery. For example, if you replace your red band with the near IR band, the image will look nearly the same but bodies of water will be very dark and easy to identify. Here is a listing of Landsat band combinations just for reference.
Lance