Long-time local banker announces his retirement
Tioga, ND, October 28, 2021 - After a successful career in community banking, David Grubb, President of The Bank of Tioga, a community bank located in Tioga and Crosby, ND, has announced his official retirement as of December 31, 2021.
A Tioga native, Grubb graduated from Dickinson State College and joined The Bank of Tioga in 1982. He is a graduate of both North Dakota School of Banking and the University of Wisconsin's Graduate School of Banking.
In his 39-year banking career, Grubb has served in numerous banking and management roles, including accounting, agricultural, commercial and consumer lending. Additionally, he has served on the bank’s Board of Directors for 30 years and as President for 18 years. He is a former Board member of the North Dakota Banker’s Association.
Under Grubb’s leadership, The Bank of Tioga has grown to a strong community bank in Tioga and Crosby, ND with $350 million in assets. The bank has been a leader in personal, business and investment offerings with a full suite of services to meet the financial needs of individuals, families and businesses in the surrounding communities.
“We want to sincerely thank David for being a respected leader in the community and a talented banker,” said TS Banking Group President, Kevin Forristall. “His impact, leadership and contribution with his employees and the community will greatly be missed. His long and successful tenure with the bank and strong experience will help us continue our mission of building up local businesses and more collective impact in our surrounding communities.”
Grubb has been actively involved in community service throughout his career. He served as Chairman of the Tioga Fund Advisory Board for 26 consecutive years, Chairman of the Tioga Farm Festival Committee for 16 years, the Tioga Medical Center Board for 12 years. Additionally, he has been a long-term board member and past President of both the Tioga Area Economic Development Corporation and the Tioga Chamber of Commerce. He has also been an active member of St. Thomas Catholic Church. David and his wife, June have two adult married sons each of whom have a daughter. David enjoys all sports, especially boating and fishing and spending time with family.
As part of this transition, Savanna Hendrickson will become President effective January 1, 2022. She graduated from University of North Dakota and most recently the Graduate School of Banking at Colorado program. Hendrickson joined the bank in 2015 and has served as credit analyst, senior credit analyst/credit operations manager and credit administrative officer, vice president and most recently senior vice president of community banking.
Please join us in congratulating David Grubb on his retirement at an open house on Friday, December 3rd from 2-4 p.m. in the Tioga lobby. If you are unable to attend in person, you may also send your best wishes and salutations to 7 N Main St, P.O. Box 429 Tioga, ND 58852.
About The Bank of Tioga: At The Bank of Tioga, we IGNITE PROSPERITY® by helping our clients do more with their money. Whether it’s saving a little extra cash each month or accomplishing a long-term strategy, our goal is to help you transform your financial life. The Bank of Tioga was chartered in 1951 and was acquired by TS Contrarian Bancshares Inc., an affiliate of TS Banking Group in 2014. With $350 million in assets, The Bank of Tioga is committed to supporting local organizations and reinvests a portion of its net income back to the community. Branch locations include Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.