National Bank of Commerce
National Bank of Commerce is a privately held, FDIC-insured community bank headquartered in Superior, Wisconsin, operating eight branches across Northern Minnesota and Wisconsin. It serves consumers, small and mid-sized businesses, farmers, and homebuyers with checking, savings, mortgages, commercial lending, treasury management, merchant services, and LPL-referred wealth management under SBA Preferred Lender status.
- Company typePrivate
- Founded1935
- HeadquartersSuperior, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What National Bank of Commerce does
National Bank of Commerce (NBC) is a privately held, FDIC-insured community bank headquartered in Superior, Wisconsin, that has operated in Northern Minnesota and Wisconsin for over 90 years (founded circa 1935). The bank is wholly owned by NATCOM Bancshares, Inc. and operates eight full-service branches spanning Bemidji (two locations), Monticello, Duluth, Hibbing, Baxter, Esko, and Superior, serving consumers, small and mid-sized businesses, agricultural producers, homebuyers, and wealth management clients. NBC holds SBA Preferred Lender status, Equal Housing Lender designation, and participates in USDA, FSA, and WHEDA agency-loan programs, enabling it to originate SBA 7(a)/504/Express loans, USDA B&I and REAP loans, FSA farm ownership and operating loans, and WHEDA first-time homebuyer and small business financing with delegated authority.
NBC's product platform spans personal banking (Simple Choice, Choice/Choice+, Choice50, Signature Choice, and Youth Choice checking accounts; Statement Savings, Money Market, Premium Money Market, HSA, Youth Savings; CDs and Traditional/Roth IRAs), consumer lending (auto/ATV/boat loans, HELOC, Home Equity Loans, overdraft protection, Visa credit cards), residential mortgages (fixed/ARM, construction, WHEDA, FHA, VA, jumbo, Signature Gold), and a full business banking suite (Business Checking 50/100 and full-activity accounts, Business Savings, term loans and lines of credit typically ranging $50,000–$20,000,000 with a $22.5 million legal lending limit, SBA/USDA/FSA/WHEDA agency loans, equipment and municipal leases, letters of credit, treasury management, and Clover-based merchant services with TransArmor fraud protection). Wealth management is delivered through a referral partnership with LPL Financial under the NBC Wealth Management brand; wealth advisors include Steve Berry, Calli Ferdig, and Terry Gries.
The bank earns revenue primarily through net interest income on loans (commercial, real estate, agricultural, mortgage, consumer), supplemented by service charges and account fees, Visa credit card interest and interchange, merchant card processing fees (Clover), letter of credit fees (2% per year), and referral fees from LPL Financial for wealth management client referrals. Distribution combines direct branch-based retail and commercial banking with self-serve digital channels (NBC Mobile App for iOS/Android, online banking portal, mymortgage.nbcbanking.com, Finance360 aggregator), and an outsourced fraud-detection service that uses SMS and voice auto-dialer for suspicious-transaction verification. Marketing is anchored by an in-house editorial brand (Making Cents and Loose Change podcasts on Spotify and Apple Podcasts, Mortgage Guide, Business Lending Guide, banking glossary, and web-based financial calculators), plus active community reinvestment including Week of Caring, One Roof Community Housing partnership, and Sherburne County Area United Way sponsorship.
National Bank of Commerce firmographics
Firmographics- Name
- National Bank of Commerce
- Legal name
- National Bank of Commerce
- Website
- https://nbcbanking.com
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- National Bank of Commerce is a privately held, FDIC-insured community bank headquartered in Superior, Wisconsin, operating eight branches across Northern Minnesota and Wisconsin. It serves consumers, small and mid-sized businesses, farmers, and homebuyers with checking, savings, mortgages, commercial lending, treasury management, merchant services, and LPL-referred wealth management under SBA Preferred Lender status.
- Ownership category
- akta.pro rank
National Bank of Commerce industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK), Financial Inclusion & Basic Banking (Unbanked/Underbanked, Low-Fee Accounts) (FSABAAAL), Retail-focused Neobanks (Mass Market) (FSABAFAA), Consumer & Retail (CPG, Food, Apparel) (FSABACAM)
Keywords
Where National Bank of Commerce is headquartered
LocationHeadquarters
- HQ city
- Superior
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
National Bank of Commerce business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others
Revenue model
- Net interest income on loans: Primary revenue stream from interest charged on commercial term loans, real estate loans, lines of credit, SBA/USDA/FSA agency loans, agricultural loans, equipment leases, municipal leases, mortgages, and consumer loans (auto, ATV, boat, HELOC, home equity). Interest rates are typically fixed or variable depending on product.
- Service charges and account fees: Monthly service charges on deposit accounts (waived under certain minimum balance thresholds), per-item fees on business checking (Business Checking 50/100), overdraft fees, NSF fees, and safe deposit box fees.
- Credit card interest and interchange: Revenue from VISA-branded consumer and business credit cards, including interest charges, interchange, and rewards program economics.
- Merchant card processing: Competitive monthly processing fees plus per-transaction revenue on Clover-based merchant card services, including equipment placement.
- Letter of credit fees: 2% per year fee on letters of credit issued to support business customers transacting with limited-credit counterparties.
- Wealth management referral fees: Compensation received from LPL Financial for client referrals under a disclosed referral agreement, creating an indirect revenue stream tied to wealth management product sales.
- Treasury management and cash management fees: Fees for business cash management services including remote deposit capture, wire transfers, direct deposit, ACH, and merchant services bundled within business banking relationships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Simple Choice Checking - free personal checking with no monthly service charge, free eStatements, and free debit/ATM card |
| Other | Monthly | Choice / Choice+ / Choice50 / Signature Choice / Youth Choice Checking tiers |
| Other | Monthly | Personal Savings - Statement Savings, Money Market, Premium Money Market, HSA, Youth Savings |
| Other | Multi-year contract | CDs and IRAs |
| Other | Monthly | Business Checking - Business Checking 50, Business Checking 100, Business Checking |
| Other | Monthly | Business Savings - Business Statement Savings, Business Money Market Savings |
| Other | Pay-as-you-go | Business and consumer loan pricing |
| Other | Multi-year contract | Mortgage products (Fixed Rate, Adjustable Rate, Construction, WHEDA, Low Down Payment, VA, FHA, Balloon, Interest-Only, HELOC, Signature Gold Mortgage) |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
National Bank of Commerce product offering
Product offeringCore offering
National Bank of Commerce is a community bank that delivers consumer and business banking products and services, including checking and savings accounts, CDs and IRAs, mortgages, personal and commercial loans, agency-backed SBA/USDA/FSA/WHEDA loans, Visa credit cards, treasury management, merchant services (Clover), and wealth management referrals through LPL Financial. Distribution is anchored by full-service branches across Northern Minnesota and Wisconsin, complemented by online banking and the NBC Mobile Banking app with mobile deposit, NBC iPay bill pay, and Finance360 account aggregation.
Product overview
National Bank of Commerce (NBC) operates a single integrated community-bank platform rather than a separately licensed product suite: a core banking backbone (checking, savings, CDs/IRAs, personal and business lending, mortgages, Visa credit cards) is delivered through the NBC Online Banking and NBC Mobile App channels, with NBC iPay bill pay, Mobile Deposit Capture and Remote Deposit Capture embedded in those channels. Layered on top are three distinct product pillars — Personal Banking (e.g., Simple Choice checking, Choice/Choice+, Choice50, Signature Choice, Youth Choice; Statement Savings, Money Market, Premium Money Market, HSA, Youth Savings, CDs, Traditional/Roth IRAs; ATV/Auto/Boat, HELOC, Home Equity Loan; fixed/ARM/construction/WHEDA/VA/FHA/jumbo/Signature Gold mortgages), Business Banking (Business Checking 50/100 and Business Checking, Business Statement and Money Market Savings, Business Debit Card, Term Loan, Line of Credit, Real Estate Loan, Agricultural Loan, Letter of Credit, SBA/USDA/FSA/WHEDA agency loans, Equipment and Municipal Leases, Professional Practice Financing, plus Treasury Management and Merchant Services powered by Clover/TransArmor) and NBC Wealth Management (retirement, comprehensive financial planning, estate preservation, risk management, college savings, stocks/bonds and insurance delivered through LPL Financial). Adjacent services include Fraud Detection (text/auto-dialer card monitoring), Signature Banking, a Making Cents/Loose Change podcast education series, and web-based Mortgage, Retirement, Savings Goal and Monthly Deposit calculators.
Differentiator
Problem solved
Functional benefit
Brands
- NBC Wealth Management: Wealth management and investment advisory service line offered by National Bank of Commerce in partnership with LPL Financial; provides retirement planning, financial planning, estate strategies, risk management, college savings, stocks & bonds, and insurance solutions.
- NBC Mobile Banking
Products and services
- Personal Checking (Simple Choice, Choice, Choice+, Choice50, Signature Choice, Youth Choice) Suite of consumer checking accounts ranging from a no-fee Simple Choice account to a tiered Choice/Choice+ family, an age-50+ Choice50 account, a Signature Choice premium account (with Signature Gold Mortgage/Line of Credit access), and a Youth Choice account for minors. Targeted at individuals and households across Northern Minnesota and Wisconsin.
- Personal Savings (Statement Savings, Money Market, Premium Money Market, HSA, Youth Savings) Deposit products including a basic Statement Savings, tiered Money Market and Premium Money Market ($25,000 minimum), a Health Savings Account tied to high-deductible health plans, and a Youth Savings account (4.00% APY on balances up to $10,000). Targeted at individuals, families, and HSA-eligible consumers.
- CDs and IRAs (Fixed Rate CD, Traditional IRA, Roth IRA)
Quantifiable outcome
- SBA Preferred Lender with delegated authority enabling faster SBA loan turnaround than non-delegated lenders.
- +4 more outcomes
Companies that use National Bank of Commerce
Customer profileNamed customers7 records
Segments7 records
Ideal customer profiles5 records
National Bank of Commerce technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature7 records
National Bank of Commerce partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- LPL FinancialflagshipReferral-based wealth management partnership in which NBC Wealth Management channels clients to LPL Financial registered representatives (including Steve Berry, Calli Ferdig, Terry Gries). NBC is compensated by LPL for referrals, creating a disclosed conflict of interest. LPL is the registered broker-dealer and investment advisor (FINRA/SIPC member), while NBC is not registered as either. Products include retirement planning, financial planning, estate preservation, risk management, college savings, stocks and bonds, and insurance.
- VISAcoreCo-branded consumer and business credit card issuance relationship with VISA, providing cardholders with rate, rewards, and cash back options. Applications are routed through NBC's co-branded URL (creditcardlearnmore.com/11t3).
- Clover (Fiserv)coreMerchant card processing partnership offering Clover Go (mobile), Clover Mini, and Clover Station POS systems with TransArmor fraud protection, EMV chip, and contactless payment support. Distributed to NBC business banking customers as part of merchant services package.
- Bankers Bank USAminorBankers Bank USA processes online equipment lease and municipal lease applications on NBC's behalf via its online portal (onlineapps.bankersbankusa.com).
- MoneyPass ATM NetworkminorSurcharge-free ATM network access included with personal checking accounts, expanding customer access beyond NBC's own ATM footprint.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
National Bank of Commerce competitors and assessment
Company assessmentBroad incumbents
- Bremer Bank (now part of Old National Bank): Bremer Bank was a large Upper Midwest community/regional bank with deep MN/WI presence, now part of Old National Bank. Directly comparable to NBC as a MN/WI community bank with full personal, business, mortgage, and wealth services, but operating at significantly larger scale and broader geographic footprint.
- Associated Bank: Associated Bank is a large regional bank with significant branch presence across Wisconsin, Minnesota, and Illinois. Comparable to NBC on product breadth (consumer, business, mortgage, wealth) and Wisconsin geographic overlap, but operates at substantially larger scale as a public regional bank.
- U.S. Bank: U.S. Bank is a large national bank with substantial Minnesota and Wisconsin retail branch presence. Comparable to NBC on product breadth across consumer, business, mortgage, wealth, and merchant services, but operates as a much larger publicly traded incumbent competing for the same Upper Midwest customers.
- Wells Fargo: Wells Fargo is a large national bank with retail branch presence across Minnesota and Wisconsin. Comparable to NBC as a competitor for consumer, mortgage, small business, and wealth customers in the same Northern MN/WI geography, though operating at dramatically larger scale and broader national scope.
Direct peers
- Bell Bank: Bell Bank is a privately held, employee-owned Upper Midwest community bank headquartered in Fargo, ND with branches across MN and ND. Directly comparable to NBC as a similarly sized privately held community bank serving a multi-state Upper Midwest footprint with full personal, business, mortgage, and wealth offerings.
- Stearns Bank: Stearns Bank is a privately held Minnesota community bank with national specialty lending verticals including SBA, equipment leasing, and government contracting. Comparable to NBC as a MN-based privately held community bank with SBA lender capabilities and business banking focus.
- Frandsen Bank & Trust: Frandsen Bank & Trust is a privately held community bank holding company with branches across Minnesota, Wisconsin, North Dakota, and other states. Comparable to NBC as a privately held MN/WI community bank with personal, business, and agricultural lending services.
- First National Bank of Bemidji: First National Bank of Bemidji is a locally owned community bank serving the Bemidji, MN area. Direct geographic overlap with NBC's Bemidji branches and most directly comparable on community banking services, customer profile, and footprint size.
- Border State Bank: Border State Bank is a community bank with branches across Northern Minnesota (including markets overlapping NBC's footprint such as Bemidji and the Iron Range). Highly comparable to NBC as a similarly sized MN community bank serving rural and small-metro customers with personal and business banking.
Regional players
- Cornerstone National Bank & Trust Company: Cornerstone National Bank & Trust is a community bank serving the Barrington, IL suburbs and broader Chicago metro. Comparable to NBC as a smaller privately held community bank with personal and wealth management focus, though operating in a different (Illinois) geography than NBC's MN/WI footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
National Bank of Commerce social profiles
Digital presenceNational Bank of Commerce compliance and trust
Trust signalCompliance5 records
National Bank of Commerce financial estimates
Financial estimateRevenue estimate
Valuation estimate
National Bank of Commerce leadership team
Management profileNumber of profiles
Profiles20 records
National Bank of Commerce subsidiaries and ownership
Company hierarchySubsidiaries2 records
National Bank of Commerce funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
National Bank of Commerce M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about National Bank of Commerce
What does National Bank of Commerce do?
National Bank of Commerce is a community bank that delivers consumer and business banking products and services, including checking and savings accounts, CDs and IRAs, mortgages, personal and commercial loans, agency-backed SBA/USDA/FSA/WHEDA loans, Visa credit cards, treasury management, merchant services (Clover), and wealth management referrals through LPL Financial. Distribution is anchored by full-service branches across Northern Minnesota and Wisconsin, complemented by online banking and the NBC Mobile Banking app with mobile deposit, NBC iPay bill pay, and Finance360 account aggregation.
Is National Bank of Commerce a public or private company?
National Bank of Commerce is a private company. It is classified as unknown and is currently operating.
When was National Bank of Commerce founded?
National Bank of Commerce was founded in 1935. It employs 51 to 100 people.
Where is National Bank of Commerce based?
National Bank of Commerce is headquartered in Superior, United States, in the North America region.
How does National Bank of Commerce make money?
Seven revenue lines are on record. Net interest income on loans are the primary driver. The others are service charges and account fees, credit card interest and interchange, merchant card processing, letter of credit fees, wealth management referral fees and treasury management and cash management fees.
Who are National Bank of Commerce's main competitors?
Broad incumbents on record are Bremer Bank (now part of Old National Bank), Associated Bank, U.S. Bank and Wells Fargo. Direct peers are Bell Bank, Stearns Bank, Frandsen Bank & Trust, First National Bank of Bemidji and Border State Bank. Cornerstone National Bank & Trust Company is listed as a regional player.
Does National Bank of Commerce have an API?
No public API is recorded for National Bank of Commerce.
What industry is National Bank of Commerce in?
National Bank of Commerce's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines). Its NAICS code is 5221 and its SIC code is 6021.