Neighborhood Bancorp

What Neighborhood Bancorp does

Neighborhood Bancorp is the holding company for Neighborhood National Bank, an FDIC-insured community bank founded in 1963 and headquartered in Mora, Minnesota. The bank operates six branch locations across central Minnesota (Aitkin, Alexandria, Brainerd, Mora, and North Branch) and serves approximately 101-250 employees delivering relationship-based banking services. Its core offerings span deposit products (checking, savings, money market, CDs, IRAs, HSAs), consumer lending (mortgages, HELOCs, home equity loans, personal loans, credit cards), business banking (Small Business Checking, Corporate Checking, Civic Checking, business loans, treasury management, merchant services), and agricultural lending (farm equipment, land, livestock, operating loans, FSA-backed loans). Sub-brands include the Money Minders Savings Club (children's savings) and the Small Business Advantage Bundle (packaged SMB banking solution).

The bank's revenue model is built on net interest income from the spread between loan yields and deposit costs, supplemented by non-interest fee income from accounts, transactions, overdraft, ATM, merchant services, and credit card interchange. Business accounts generate subscription-style fees (e.g., $8/month Small Business Checking, fee-waivable with balance thresholds) plus per-item transaction charges. Distribution combines physical branches with digital channels — online banking, iOS/Android mobile apps, digital wallet support (Apple Pay, Google Pay, Samsung Pay), Bill Pay, eStatements, and surcharge-free ATM access via the MoneyPass network. Third-party integrations include Autobooks (invoicing/bookkeeping for SMBs), Deluxe (check ordering), and TCM Bank (credit card services). The bank employs dedicated consumer, mortgage, and business/ag lenders at multiple branches, emphasizing local decision-making authority as its primary differentiator versus regional and national competitors. No AI/ML capabilities are disclosed; the technology stack is standard community banking infrastructure.

Name

Neighborhood Bancorp

Legal name

Neighborhood National Bank

Website

https://neighborhood.bank

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

101–250 employees

Short description

Neighborhood Bancorp is the holding company for Neighborhood National Bank, a privately held FDIC-insured community bank founded in 1963, operating six branches across central Minnesota and serving individual consumers, small businesses, and agricultural operations with deposit, lending, and digital banking products.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Offices of Bank Holding Companies (551111)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099), Loan Brokers (6163)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Community banking services
• Personal deposit accounts
• Commercial lending solutions
• Agricultural loans financing
• Small business banking

Headquarters

HQ city

Mora

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Primary revenue from spread between interest earned on loans (mortgages, personal loans, business loans, agricultural loans, HELOCs) and interest paid on deposits (checking, savings, CDs, money market accounts).
2. Non-Interest Income - Fee-Based: Revenue from account fees, transaction fees, overdraft fees, ATM fees, merchant services processing fees, credit card interchange, and wire transfer fees.
3. Business Service Fees: Revenue from business accounts (Small Business Checking, Corporate Checking, Civic Checking) including monthly maintenance fees, per-item fees, and earnings credits. Additional revenue from treasury management services, merchant services, and Autobooks bookkeeping features.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Neighborhood Bancorp is the holding company for Neighborhood National Bank, a locally owned independent community bank headquartered in Mora, Minnesota. The bank provides a full suite of personal, small business, and agricultural banking products including deposit accounts (checking, savings, money market, CDs, IRAs, HSAs), consumer and mortgage lending, business loans, ag loans, treasury management, merchant services, and credit cards, delivered through six branch locations in central Minnesota and digital banking channels.

Product overview

Neighborhood National Bank operates as a full-service community bank offering a comprehensive suite of personal, business, and agricultural banking products. The bank's core offerings center on deposit accounts (checking, savings, money market, CDs, IRAs, HSAs) and lending products (mortgages, home equity loans/lines, personal loans, business loans, and agricultural loans). Digital banking is delivered through Online/Mobile Banking, Digital Wallet (Apple Pay, Google Pay, Samsung Pay), Bill Pay, and eStatements. For business customers, the bank provides Treasury Management services, Merchant Services for payment processing, and the integrated Autobooks platform for invoicing and bookkeeping. The Small Business Advantage Bundle packages these business tools together. The bank also offers credit cards through both personal (Rewards Platinum Visa) and business programs (Business Cash Rewards Visa, Business Rewards Visa, Business Edition Visa). Specialized products include the Money Minders Savings Club for children and Agricultural loans supporting local farmers.

Differentiator

Problem solved

Functional benefit

Brands

• Money Minders Savings Club: Kids savings account program designed for children ages 13 and under, featuring competitive 2.02% APY and educational savings activities.
• Small Business Advantage Bundle

Products and services

• Checking Accounts Personal checking accounts offering no hidden fees, easy access, and convenient digital tools including debit cards, eStatements, mobile deposits, and digital wallet access for local families.
• Savings Accounts Personal savings accounts with competitive rates, easy access to funds, and FDIC insurance protection, designed for various savings goals.
• Money Market Accounts Interest-earning accounts with tiered rates for larger balances, check-writing privileges, and enhanced liquidity features for personal savers.
• Certificate of Deposit (CD) FDIC-insured term deposits offering guaranteed fixed returns with flexible terms to match savings goals for personal and business customers.
• IRAs (Individual Retirement Accounts) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options for personal retirement planning.
• HSAs (Health Savings Accounts) Tax-advantaged accounts for healthcare expenses, allowing pre-tax dollars to cover qualifying medical costs for individuals and families.
• Money Minders Savings Club Kids savings account designed for children ages 13 and under, featuring competitive 2.02% APY, no fees, no minimum balance, and educational events and contests.
• Mortgage Home financing solutions including purchase mortgages, construction loans with one-time close option, VA loans, FHA loans, refinancing, and investment property loans with local decision-making for personal homebuyers.
• Home Equity Loans Fixed-rate loans allowing homeowners to borrow against accumulated home equity for renovations, debt consolidation, major life events, or other financial needs.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity, offering flexible access to funds with variable interest rates during the draw period for personal borrowers.
• Personal Loans Flexible financing for vehicles, RVs, boats, recreational equipment, personal projects, and debt consolidation with competitive rates and local decisions for personal borrowers.
• Rewards Platinum Visa Credit Card Unlimited rewards credit card earning points on everyday purchases with no annual fee, flexible redemption options, and fraud protection for personal cardholders.
• Small Business Checking Business checking account with up to 300 free items, free check images, and fee offset options for qualifying balances or loan relationships, designed for small businesses.
• Corporate Checking Business checking for high-volume operations with earnings credit based on average balance to offset monthly fees, with per-item transaction pricing.
• Civic Checking (Non-Profit) Fee-free checking designed for non-profit organizations and associations with low to moderate transaction volumes and reasonable per-item rates.
• Business Loans Commercial financing including term loans, commercial real estate loans, working capital lines of credit, and SBA-backed loans for established small and mid-market businesses.
• Agricultural Loans Agricultural financing solutions including farm equipment loans, land purchase loans, livestock financing, farm operating loans, and FSA loans for farmers, ranchers, and agri-businesses.
• Business Credit Cards Business credit card lineup including Business Cash Rewards Visa (unlimited 1% cash back), Business Rewards Visa (unlimited 1 point per dollar), and Business Edition Visa (low-rate option) for managing business expenses.
• Treasury Management Business cash flow solutions including ACH origination, wire transfers, remote deposit capture, account reconciliation, fraud protection tools, sweep accounts, and online/mobile banking for business clients.
• Merchant Services Payment processing solutions including credit/debit card processing, mobile/contactless payments, point-of-sale systems, and e-commerce integration for small business and commercial customers.
• Business Savings Business savings accounts including regular savings with interest accrual and money market accounts with tiered rates for larger balances for business depositors.

Quantifiable outcome

• Money Minders Savings offers 2.02% APY with no fees or minimum balance requirements

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Partnerships

One partnership is on record.

• MoneyPasscoreTechnology or IntegrationNeighborhood National Bank is a participant in the MoneyPass ATM network, providing customers surcharge-free access to thousands of ATMs nationwide. This partnership extends the bank's physical ATM footprint beyond its six branch locations, offering customers convenient fee-free cash access when traveling.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Old National Bank: Large multi-state regional bank with material Minnesota presence following recent acquisitions. Competes in the same geographies as NNB but operates as part of a much broader portfolio with deeper product and capital resources.
• Wells Fargo: National bank with significant Minnesota branch presence serving consumer, SMB, and commercial customers. Competes for the same households, small businesses, and farmers as NNB, with materially greater resources.
• Heartland Financial USA (HTLF): Multi-state bank holding company operating community bank subsidiaries across the Midwest and West, including in Minnesota. Overlaps with NNB's customer segments but operates at significantly larger scale and product breadth.
• U.S. Bank: National bank headquartered in Minneapolis, MN with extensive branch presence across the state including rural markets. A direct local competitor offering the full spectrum of consumer, commercial, and ag banking.

Direct peers

• Bell Bank: Employee-owned Upper Midwest community bank with significant Minnesota presence, offering personal, business, mortgage, and ag lending. Directly comparable in mid-size regional model, relationship banking, and SMB/ag customer focus.
• Nicolet National Bank: Wisconsin-headquartered community bank with growing Minnesota footprint, offering personal, business, and ag lending. Comparable as a mid-size Upper Midwest community bank competing in adjacent regional markets.
• Bremer Financial: Minnesota-headquartered regional bank with community-banking roots, offering personal, business, and ag lending across MN and surrounding states. Closely comparable in geographic focus, customer mix, and relationship-based commercial banking model.
• Stearns Bank: Minnesota-based community bank offering personal, business, and specialty lending including equipment finance. Comparable in MN footprint, full-service community model, and concentration on SMB/ag lending niches.
• First Bank & Trust: Upper Midwest community bank operating personal, business, and ag banking lines in small-town and rural markets. Closely comparable to NNB in size, community orientation, and rural customer base.
• Magnifi Financial (formerly KleinBank): Minnesota-based community bank offering personal, business, and ag lending in similar Twin Cities-area and outstate Minnesota markets. Comparable in community-banking model, customer segments, and MN geographic focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@NeighborhoodNationalBank
• Facebookfacebook.com/NeighborhoodNationalBank
• LinkedInlinkedin.com/company/neighborhood-national-bank
• Instagraminstagram.com/neighborhoodnatlbank
• Xx.com/NeighborhoodBnk

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neighborhood Bancorp