The Bank of Tioga celebrates 70 years with community meals
Tioga, ND, May 20, 2022 - The Bank of Tioga is pleased to announce the bank is celebrating its 70th anniversary with two upcoming community meals on Friday, June 3 in Crosby and Saturday, July 2 in Tioga, ND.
The Bank of Tioga was chartered in December of 1951, then officially opened for business in July 1952. The bank has operated continuously in Williams County, ND since its inception and operates under that original charter today. The Tioga Bank Holding Company, a one-bank holding company, formed in 1975 and previously owned the bank.
The present building is the second in the history of the bank. The Bank of Tioga began operations in 1952 in a small concrete building on the west side of Main Street and upon completion of the construction in 1954, moved to its current location at 7 North Main. As time went on, several additions and renovated occurred over the years, including a 2,550 square foot addition completed in 1999.
The Bank of Tioga was acquired by TS Banking Group in 2014 and then The Bank of Tioga acquired Farmers State Bank of Crosby, ND in 2015. TS Banking Group is a multi-charter bank holding company group, with $1.5 billion in banking and fiduciary assets across Iowa, Illinois, North Dakota, Wisconsin, Nebraska, Colorado and California. The TS Banking Group is headquartered in Treynor, Iowa, which is located in the Omaha, Neb., MSA.
The Tioga bank location was renovated in 2016 and the Crosby bank location was remodeled in 2018. The bank’s expansion has enhanced the bank’s financial strength, competitive positioning and talented employee base.
Today, The Bank of Tioga has two locations, employs 23 local people and has $330 million in assets. The bank is also committed to providing the most advanced, secure and user-friendly bank technology, along with a knowledgeable team and innovative tools and a full line of products and services to meet the financial needs of consumers and businesses.
As a community bank, The Bank of Tioga is an integral part of both the local community and economy. The Bank of Tioga is dedicated to community reinvestment and gives 10% of its net income back to the community. Additionally, the bank is committed to teaching financial literacy, hosting educational events and partners with local organizations and nonprofits.
President Savanna Hendrickson commented, “What an amazing history and community impact The Bank of Tioga has had over the past 70 years. We are strong, secure, and eager to continue our legacy for another 70 years.”
As part of the 70th anniversary celebration, the bank has two community meals planned. The first meal will be on Friday, June 3, 2022 from 11 a.m. - 2 p.m. in Crosby and Saturday, July 2, 2022 from 11 a.m. - 1 p.m. in Tioga. For more information, visit our Facebook page.
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.