Kirkwood Bank & Trust

What Kirkwood Bank & Trust does

Kirkwood Bank & Trust is a privately held, FDIC-insured community bank founded in 1975 and headquartered in Bismarck, North Dakota. The bank operates four branches — three in Bismarck (North, South, Downtown) and one in Dickinson — serving individual consumers, small to mid-size businesses, agricultural operations, and wealth management clients across North Dakota. Its technology stack is commodity-grade community-bank infrastructure: online and mobile banking (Fiserv-powered KBT mobile apps for personal and business), mobile deposit, debit card controls, ACH origination, remote deposit capture, and QuickBooks/Quicken Direct Connect integration, supplemented by MoneyPass ATM access and mainstream mobile wallets (Apple/Samsung/Google/Fitbit/Garmin Pay).

The business model is a conventional community-bank NIM-plus-fee stack. Revenue is generated primarily through interest income on personal loans, mortgages, HELOCs, business loans, commercial real estate, and farm/ag lending; supplemented by deposit account maintenance and transaction fees, mortgage origination, credit-card interchange routed through an Elan Financial Services partnership, and wealth management/trust fees. The wealth management line is run through a wholly owned subsidiary, Kirkwood Financial Services, which delivers brokerage, managed accounts, IRAs, annuities, and insurance via a co-development relationship with Cambridge Investment Research Advisors (FINRA-registered).

Distribution is hybrid: physical branches in Bismarck and Dickinson serve as the relationship-management hub, while online and mobile channels handle self-service and digital acquisition. Customer acquisition leans heavily on community involvement, referrals, and word-of-mouth rather than paid marketing. The bank does not publicly disclose financials, and no data on assets under management, loan portfolio composition, net interest margin, or net income is present in the source material.

Name

Kirkwood Bank & Trust

Legal name

Kirkwood Bank & Trust

Website

https://kirkwoodbank.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Kirkwood Bank & Trust is a privately held community bank founded in 1975 in Bismarck, ND, operating four branches across Bismarck and Dickinson to deliver personal banking, business banking, mortgage, and wealth management services to consumers, small businesses, and farms in North Dakota.

Ownership category

akta.pro rank

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Traditional banking revenue from interest earned on loans including personal loans, mortgages, HELOCs, business loans, farm loans, and commercial real estate loans
2. Deposit Account Fees and Services: Fees from checking and savings accounts including maintenance charges, transaction fees, and service charges (e.g., $3 maintenance for business accounts over 100 transactions, $5-6 monthly charges for certain account types)
3. Trust and Wealth Management Services: Revenue from trust services, investment management, estate planning, and financial advisory services administered locally with over 30 years of experience
4. Credit Card Interchange: Revenue from credit card transactions, provided through Elan Financial Services partnership
5. Mortgage Origination: Revenue from mortgage lending including conventional, FHA, VA, and USDA loans with competitive rates and low closing costs

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Kirkwood Bank & Trust is a community bank offering personal banking, business banking, and wealth management services through four branch locations in North Dakota. Core offerings include checking and savings accounts, personal and business loans, mortgages, HELOCs, credit cards, trust services, and investment advisory services. All products are supported by online banking, mobile apps with mobile deposit, and electronic banking services including ACH origination and remote deposit capture.

Product overview

Kirkwood Bank & Trust is a community bank offering a comprehensive suite of banking products across three main divisions: Personal Banking, Business Banking, and Wealth Management. The Personal Banking segment includes various checking accounts (Green Checking, Free Checking, K60 Checking, Money Market Checking, NOW Checking), Statement Savings, personal loans, Home Equity Line of Credit (HELOC), Checking Reserve, personal credit cards, and mortgage services (including First-time Home Buyer, Conventional, FHA, VA, and USDA-RHS loans). The Business Banking division provides Basic Business Checking, Business Checking, Business Savings, business loans (real estate, construction, equipment, farm, SBA), Business Electronic Banking with ACH origination and Remote Deposit Capture, Business Mobile Banking, Business Bill Pay, and Business Credit Cards. Wealth Management encompasses Trust Services (estate planning, revocable/irrevocable trusts, mineral trusts, conservatorships) and Investment Services (brokerage, managed accounts, IRAs, annuities, insurance) through Kirkwood Financial Services. All segments include 24/7 electronic and mobile banking access with features such as mobile deposit, Zelle transfers, and mobile wallet compatibility.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Checking

Quantifiable outcome

• Serving customers since 1975 with over 50 years of community banking experience

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Elan Financial ServicescoreTechnology or IntegrationElan Financial Services provides credit card processing and issuance for Kirkwood Bank & Trust's personal and business credit card programs. The partnership enables the bank to offer Visa and Mastercard credit cards with features including zero fraud liability, mobile payment capability, and 24/7 customer service. Elan handles the backend processing while Kirkwood maintains the customer relationship.
• Cambridge Investment Research Advisors, Inc.coreStrategic or Co-development PartnerCambridge Investment Research provides investment advisory services and broker-dealer operations for Kirkwood Financial Services. Investment advisors operate as independent representatives of Cambridge, offering securities and investment advisory services to Kirkwood customers. Cambridge is a registered investment adviser and broker-dealer, member FINRA/SIPC, providing the regulatory infrastructure for Kirkwood's investment services.
• FINRAcoreOthersFinancial Industry Regulatory Authority - self-regulatory organization for securities firms. Kirkwood Financial Services representatives are registered through FINRA's BrokerCheck system for investor verification.
• MoneyPassminorChannel Partner/ Reseller/ DistributorMoneyPass network provides Kirkwood Bank & Trust customers with access to thousands of surcharge-free ATMs across the nation when traveling outside the bank's service area.
• North Dakota Housing Finance AgencyminorStrategic or Co-development PartnerPartnership to offer first-time home buyer programs through North Dakota Housing Finance Agency, providing assistance programs for home purchases in North Dakota.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Bell Bank: One of the largest independent community banks in the U.S., headquartered in Fargo, ND, with personal, business, mortgage, and wealth management services. Larger and more diversified than Kirkwood, but operates in the same ND market with an overlapping community-banking value proposition.
• U.S. Bank: Large national bank with a significant branch presence in North Dakota. Competes for the same deposit, lending, and wealth customers as Kirkwood, but as part of a national portfolio rather than a community-bank niche.
• Wells Fargo: National bank with established North Dakota branches and full-service personal, business, and wealth offerings. Sets the competitive benchmark for technology, product breadth, and pricing pressure that small community banks like Kirkwood must defend against.

Direct peers

• Alerus Financial: North Dakota-chartered bank and financial services company headquartered in Grand Forks, with a strong wealth management and trust division. Directly comparable in combining community banking with a significant trust/investment business across multiple states.
• First International Bank & Trust: Independent community bank headquartered in Watford City, ND, with personal, business, agricultural, and wealth management services. Comparable in scale and similar focus on serving North Dakota's agricultural and energy-producing communities.
• Starion Bank: Bismarck-headquartered community bank of comparable scale with personal, business, and wealth management services across North Dakota. Most direct head-to-head competitor in the same Bismarck market with similar product breadth and trust capabilities.
• Bravera Bank: North Dakota community bank formed from the merger of Cornerstone Bank and Independence Bank, headquartered in Bismarck. Directly comparable in size, footprint, and full-service community banking model with personal, business, agricultural, and wealth offerings.
• Choice Financial Group: North Dakota community bank with branches across the state offering personal, business, and agricultural banking. Comparable in size, ND focus, and the same community-bank value proposition of local decision-making and relationship-based service.

Regional players

• Town & Country Credit Union: North Dakota-headquartered credit union serving members across the state with deposit, lending, and wealth services. A local alternative in the same Bismarck and western ND markets, competing for similar consumer and small business relationships under a cooperative structure.
• Gate City Bank: One of the largest community-oriented financial institutions in North Dakota, providing personal, business, and mortgage services statewide. Operates in the same Bismarck and western ND geographies with a comparable community-focused mission and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kirkwoodbank
• LinkedInlinkedin.com/company/kirkwood-bank-and-trust

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

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 Kirkwood Bank & Trust