Natcom Bancshares

What Natcom Bancshares does

Core technology is built on third-party infrastructure: Jack Henry core banking (migrated from Fiserv) for deposit and account operations, the Banno Business cash management platform (upgraded February 2024) for wire, ACH batch, and payroll processing, the NBC Mobile App for iOS/Android with mobile deposit capture, NBC iPay for bill payment, Clover Go hardware for merchant services, and MoneyPass for 40,000+ ATM access. NBC's revenue model is traditional community banking: net interest income on the loan/deposit spread, plus fee income from loan origination, deposit account service charges, merchant processing, wealth management, and mortgage servicing.

Name

Natcom Bancshares

Legal name

National Bank of Commerce

Website

https://nbcbanking.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

51–100 employees

Short description

Natcom Bancshares is the privately held holding company for National Bank of Commerce, a Superior, WI-based community bank operating 20+ branches across northern Minnesota and Wisconsin, serving consumers and SMBs with personal banking, business banking, SBA lending, mortgage, and wealth services.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Management of Companies and Enterprises (551)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

Keywords

• Community banking services
• Personal banking products
• Commercial lending
• Residential mortgages
• Small business banking

Headquarters

HQ city

Superior

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Traditional banking revenue from spread between interest earned on loans and interest paid on deposits
2. Loan Origination Fees: Fees from mortgage lending, personal lending, business lending, and SBA/Agency loans
3. Deposit Account Fees: Service charges, minimum balance fees, and transaction fees on checking and savings accounts
4. Wealth Management: Investment and wealth management services for personal and business customers
5. Merchant Services: Payment processing services for business merchants accepting Visa, Mastercard, Discover, American Express
6. Mortgage Servicing: NBC services the majority of its own mortgages, allowing direct customer relationships for servicing

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Natcom Bancshares is the privately held holding company of National Bank of Commerce, a community bank offering personal banking (checking, savings, mortgages, consumer lending, credit cards), business banking (business checking, savings, commercial lending, merchant services), SBA/agency lending, and wealth management services. The bank operates 20+ branches across central and northern Minnesota and northwestern Wisconsin, delivering service through in-person branch banking complemented by mobile and online digital channels.

Product overview

National Bank of Commerce operates as a community bank offering a unified platform of personal and business banking products and services. The core offerings consist of Personal Banking (checking, savings, mortgages, lending, credit cards) and Business Banking (commercial lending, business checking/savings, merchant services). Digital banking is delivered through the NBC Mobile App and Online Banking platform, which enable mobile deposit capture, bill payment via NBC iPay, and account management. The bank also provides Banno Business for business cash management, SBA and agency lending programs, wealth management services, fraud detection with automated alerts, and merchant payment processing through Clover Go. Signature Banking represents a premium tier with enhanced ATM limits.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking
• Business Banking
• Wealth Management
• Mortgage Banking
• SBA & Agency Lending
• Merchant Services

Quantifiable outcome

• Local deposits reinvested into community through business and consumer lending
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• BannocoreTechnology or Integration · 27 February 2024Banno Business cash management platform upgrade for business customers, providing upgraded features for sending wires, ACH batches, and payroll processing.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerNBC is approved as an SBA Preferred Lender/Express Lender, enabling faster processing of SBA loans for eligible small business borrowers. The bank offers SBA 7(a) and other SBA programs through Agency Lending Specialists.
• Entrepreneur FundsupportingStrategic or Co-development PartnerLocal organization NBC partners with for startup business lending, providing financing options for entrepreneurs who may not qualify for conventional loans.
• United WaysupportingGTM or Marketing PartnerCommunity partnership through United Way Comforts of Home Program and broader United Way initiatives. NBC associates participate in United Way fundraising and volunteer activities.
• Essentia HealthsupportingGTM or Marketing PartnerHealthcare system partner for volunteer activities including NICU blankets, cancer patient support items, and hospital wellness programs during Week of Caring.
• MoneyPasscoreTechnology or IntegrationNationwide ATM network partnership providing NBC customers fee-free access to 40,000+ ATMs across the United States.
• Clover GosupportingTechnology or IntegrationMobile payment processing solution for merchant services customers, enabling Bluetooth card reading and acceptance of Apple Pay and Android Pay.
• Richard I. Bong Veterans Historical CentersupportingGTM or Marketing PartnerVeterans historical center partnership through volunteer garden maintenance and Veterans Day activities.
• Second Harvest NorthlandsupportingGTM or Marketing PartnerFood bank partnership through food packing volunteer activities and community food security support programs.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Wintrust Financial Corporation: Chicago-based community banking specialist operating multiple community bank charters. Shares NBC's relationship/community banking DNA but at materially larger scale and across multiple states — useful benchmark for community-bank franchise-building strategy.
• Heartland Financial USA (HTLF): Multi-state community bank holding company operating under various community bank brands across the Midwest and West. Comparable in community-bank philosophy but with materially greater scale, geographic diversification, and product breadth.
• Associated Banc-Corp: Wisconsin-headquartered regional bank with a much larger footprint and broader product suite. Competes with NBC in WI and overlaps in personal and commercial banking but operates at significantly greater scale and geographic reach.
• Old National Bancorp: Indiana-headquartered regional bank that acquired Bremer Bank's Wisconsin and Minnesota branches. Now a direct competitor in NBC's WI/upper-Midwest markets with a broader product suite and larger balance sheet.

Direct peers

• Stearns Bank: Minnesota-based community bank with national specialty lending programs. Comparable personal/business banking products and a similar emphasis on SBA/agency lending — competes for the same SMB customers in the region.
• Bell Bank: Employee-owned community bank headquartered in North Dakota with strong presence in Minnesota. Similar relationship-banking model, full-service product suite, and emphasis on SBA/commercial lending in upper Midwest markets.
• Frandsen Financial Corporation: Minnesota-based community bank holding company serving rural and small-metro markets with personal, business, and ag lending. Closely comparable in scale, regional focus, and community-bank operating model.
• Nicolet National Bank: Wisconsin-headquartered community bank with branches across northern WI and the Upper Peninsula of Michigan. Overlaps geographically with NBC's WI footprint and offers a comparable community banking model with commercial and personal banking.
• Bremer Financial Corporation: Minnesota-based community bank with a similar regional focus on personal, business, and agricultural lending. Comparable in scale, product breadth, and community-reinvestment model to NBC, making it the most direct peer in the region.
• Meta Financial Group / MetaBank: Midwest community bank holding company with personal and business banking products. Comparable community-bank model with a mix of traditional lending and specialty finance — operates at a similar regional scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCpxekfwqtmh-pP2vVzZSUoA
• Facebookfacebook.com/nationalbankofcommerce
• LinkedInlinkedin.com/company/national-bank-of-commerce_2
• Instagraminstagram.com/nationalbankofcommerce

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds2 records

Investors

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 Natcom Bancshares