The Bank of Tioga

What The Bank of Tioga does

The Bank of Tioga is a privately held community bank chartered in 1951 and headquartered in Tioga, North Dakota, with a second full-service branch in Crosby, ND (the former Farmers State Bank of Crosby location, acquired and reopened in 2015). It has been owned since 2014 by TS Contrarian Bancshares Inc., an affiliate of TS Banking Group, and operated approximately $375 million in assets as of early 2026. The bank is FDIC-insured and serves consumer, small-business, and agricultural customers in northwest North Dakota.

The bank's product platform spans personal banking (Rewards Checking with cash back, Traditional Checking, HSA, savings, money market, CDs, Traditional and Roth IRAs, personal loans, auto loans, mortgages, and credit cards), business banking (Business Checking, business loans, agriculture loans covering equipment, livestock, farmland, and inputs, business credit cards, and Cash Management Services including remote deposit capture, ACH, wire, and person-to-person payments), and affiliated investment services delivered through TS Prosperity Group (portfolio management, retirement, estate, and fiduciary services). Underlying technology is conventional community-bank digital infrastructure: iOS/Android mobile app, online banking, instant-issue debit cards, contactless Visa debit cards launching March 2026 (replacing Mastercard), and a Virtual Support video-chat platform for remote banker engagement. Integrations include Shazam Brella (fraud controls), Apple Pay and Google Pay (digital wallet tokenization), Zoom (remote appointments), and DocuSign (e-signature).

Revenue is generated through net interest income on consumer, commercial, and agricultural loan portfolios; deposit-account and debit-card transaction fees; affiliate referral income from TS Prosperity Group; and related financial-product service fees. Go-to-market is community-led: the bank reinvests approximately 10% of pre-tax income into Tioga and Crosby through the REV small-business pitch competition (up to $15,000 in prizes), TBOT Promise youth speaker events, a student-run bank branch at Divide County Elementary School, and direct donations to nonprofits and healthcare facilities. Customer concentration by loan/product line is diversified across personal, commercial, and agricultural segments, with named customers spanning SMB, microbusiness, and nonprofit categories.

Name

The Bank of Tioga

Legal name

The Bank of Tioga

Website

https://thebankoftioga.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

11–50 employees

Short description

The Bank of Tioga is a privately held community bank serving Tioga and Crosby, North Dakota, providing personal, business, and agricultural banking services through two branches plus digital and virtual channels. Owned by TS Contrarian Bancshares Inc. (TS Banking Group affiliate) since 2014, it manages approximately $375 million in assets.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

akta.pro secondary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Community banking services
• Retail deposit accounts
• Agricultural lending
• Small business banking
• Consumer loan products

Headquarters

HQ city

Tioga

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including personal loans, auto loans, mortgage loans, business loans, agricultural loans, and credit cards. Interest rate environment and loan portfolio quality drive this revenue stream.
2. Deposit Account Fees: Revenue from checking account maintenance, minimum balance requirements, and fee income from various banking services.
3. Investment Services Referral: Referral fees from TS Prosperity Group for investment management, retirement planning, estate planning, and fiduciary services offered through the bank.
4. Insurance and Additional Services: Revenue from related financial products and services including insurance products and other banking services.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

The Bank of Tioga is a community bank that accepts consumer and business deposits and extends personal, auto, mortgage, business, and agricultural loans. It complements these traditional banking products with a digital banking platform (mobile and online), contactless debit cards, cash management tools for businesses, and referral-based investment services through TS Prosperity Group. The bank differentiates itself through local decision-making and a stated commitment to reinvest 10% of pre-tax income back into the Tioga and Crosby communities.

Product overview

The Bank of Tioga is a community bank offering a comprehensive suite of banking products through a platform-plus-service model. Personal banking includes multiple checking account options (Rewards Checking with cash back/interest, Traditional Checking), savings products (Savings, Money Market, CDs, IRAs), lending (Personal Loans, Auto Loans, Mortgages, Credit Cards), and Health Savings Accounts. Business banking encompasses Business Checking, Business Loans, Agriculture Loans, Business Credit Cards, and Cash Management Services including remote deposit capture and ACH transfers. The bank also offers digital banking tools (online banking, mobile app, digital wallets) and partners with TS Prosperity Group for investment and wealth management services. The product portfolio is unified by digital banking infrastructure with mobile check deposit, bill pay, and instant issue debit cards as cross-cutting features. Additionally, the bank runs the annual REV small business pitch competition as a community investment program.

Differentiator

Problem solved

Functional benefit

Products and services

• Rewards Checking Personal checking account that pays up to 3.50% cash back on debit card purchases (up to $8.75 per month) for clients who meet qualification requirements such as direct deposit/ACH payment, eStatement enrollment, and 15+ debit card purchases monthly; no penalty if requirements are not met.
• Traditional Checking Standard personal checking account with basic banking features including check writing, free debit card, online banking access, and standard account services for individual consumers.
• Health Savings Account (HSA) Tax-exempt savings account for individuals with high-deductible health plans that pays or reimburses qualified medical expenses, with tax-deductible contributions, tax-free interest earnings, automatic rollover, and free debit card access; no setup or maintenance fees.
• Savings Account Basic personal savings account for depositing and growing funds with competitive interest rates and FDIC insurance protection.
• Money Market Account Savings account with competitive interest rates offering limited check-writing privileges and higher balance tiers for better returns.
• Certificates of Deposit (CDs) Fixed-term deposit accounts with guaranteed returns and FDIC insurance coverage, offered in various term lengths with competitive interest rates.
• Individual Retirement Accounts (IRA) Tax-advantaged retirement savings accounts available as Traditional IRA or Roth IRA, with CD, CDtwo, and Money Market IRA variants and no setup or maintenance fees.
• Personal Loans Unsecured or secured loans for personal needs such as medical bills, debt consolidation, and financial hardships, with low rates and flexible terms tailored to individual circumstances.
• Auto Loans Financing for new or used vehicle purchases with competitive rates and flexible repayment terms.
• Mortgage Loans Home financing solutions including purchase mortgages and refinancing options for primary residences, second homes, or investment properties.
• Credit Cards Visa debit cards with contactless payment technology, fraud protection, and instant issue capability at branch locations.
• Business Checking Checking account designed for business needs with online banking, mobile access, and tools for managing business finances and cash flow, targeted at small and medium local businesses.
• Business Loans Commercial lending solutions for business financing needs including equipment purchases, expansion, working capital, and other business objectives, with low rates and flexible terms.
• Agriculture Loans Specialized financing for agricultural operations covering real estate, equipment, livestock, farmland purchases, and input financing, with tailored structures for farming operations of all sizes in northwest North Dakota.
• Business Credit Cards Credit card products designed for business spending with tools for tracking expenses, managing cash flow, and earning rewards.
• Cash Management Services Suite of business banking tools that streamline administrative tasks including remote deposit capture, ACH transfers, wire transfers, account reconciliation, and fraud protection.
• TS Prosperity Group Investment Services Investment and wealth management services offered through affiliated TS Prosperity Group, including portfolio management, retirement planning, estate planning, fiduciary services, and alternative investments; investment products are not FDIC insured and may lose value.

Quantifiable outcome

• Reinvested $100,000 to Tioga Community Center project
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Five partnerships are on record, tiered minor, core and major.

• TS InstituteminorStrategic or Co-development Partner · 1 January 2016Financial literacy education provider that developed the student-run bank curriculum used in Divide County Elementary and other schools. Goal is to provide students K-12 with knowledge to make sound financial decisions.
• TS Prosperity GroupcoreStrategic or Co-development PartnerInvestment management and wealth advisory services offered through The Bank of Tioga. Provides investment management, retirement planning, estate planning, fiduciary services, and tax planning through TS Prosperity Group advisors who work with bank customers.
• Collins ConsultingminorImplementation/ SI/ Consulting PartnerTax consulting affiliate that works with TS Prosperity Group and The Bank of Tioga to provide tax planning and IRA contribution guidance for customers. Justin Horton with Collins Consulting provides tax benefit information for IRA accounts.
• Tioga Area Economic Development CorporationmajorGTM or Marketing PartnerAnnual partnership with REV pitch competition to spur economic growth in Tioga. Co-hosts event, provides judges, and promotes small business development in the community together.
• Divide County Economic Development CouncilmajorGTM or Marketing PartnerPartners with REV pitch competition in Crosby area and economic development initiatives. Council promotes Divide County businesses and received $10,000 grant for Crosby economic development.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Gate City Bank: North Dakota-headquartered mutual community bank serving retail and small-business customers across the state; directly comparable on community focus, deposit products, and lending mix, though larger in scale.
• Bravera Bank: North Dakota-headquartered community bank serving rural and mid-sized markets in ND and surrounding states; offers analogous deposit, lending, and ag products, with comparable community-bank distribution model.
• Starion Bank: North Dakota-based community bank with similar footprint across smaller cities and rural markets; offers comparable personal, business, and ag banking services with local decision-making, making it the closest direct peer to The Bank of Tioga.
• Cornerstone Bank: Community bank headquartered in North Dakota with branch presence in rural markets; comparable personal and business banking products and similar community-bank operating model.
• Bell Bank: Larger North Dakota-headquartered family-owned bank with personal, business, and ag banking across the Dakotas and Minnesota; broader product set and geography but the same community-bank DNA and family-ownership ethos as The Bank of Tioga.
• First Western Bank & Trust: North Dakota-based community bank serving rural and small-city markets; comparable ag lending focus, personal and business deposit products, and similar customer profile.

Broad incumbents

• U.S. Bancorp: Large national bank with material retail, ag, and SMB banking presence in North Dakota; representative of the large-incumbent competitive pressure that small community banks like The Bank of Tioga compete against for deposits and lending share.
• Bremer Financial Services: Regional bank operating in Minnesota, North Dakota, and Wisconsin with community-banking roots; broader incumbent comparable highlighting how scale and platform advantages compare against smaller community banks.
• Heartland Financial USA: Multi-state community bank holding company with Midwest and Southwest footprint; relevant broader incumbent comparison for understanding scaled community-bank economics and M&A multiples.

Others

• TS Banking Group: Parent-affiliated holding group for The Bank of Tioga (TS Contrarian Bancshares is an affiliate); included as ecosystem participant for understanding shared back-office, investment referral, and capital relationship dynamics rather than as a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bank_of_tioga
• YouTubeyoutube.com/channel/UCOSbwxRa8RPfUxye2GvjRhw
• Facebookfacebook.com/thebankoftioga
• LinkedInlinkedin.com/company/the-bank-of-tioga

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

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 The Bank of Tioga