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The Bank of Tioga Gives $10,000 to Three Local Businesses

November 30, 2017

The Bank of Tioga is proud to announce $10,000 was distributed to three local businesses on Friday, Nov. 17, as the result of their REV event.

The Bank of Tioga hosted REV - a small business pitch competition - as a way to reinvest in local businesses and entrepreneurs. With $10,000 at stake, applicants were given 10 minutes to pitch their business ideas, with five minutes for questions from a panel of four judges. Judges included; David Grubb, Market President of The Bank of Tioga, Savanna Hendrickson, Senior Credit Analyst and Credit Operations Manager at The Bank of Tioga, Dennis Lindahl, Director of Tioga's Economic Development Center, and KayCee Lindsey, Executive Director of the County Jobs Development Authority.

Three businesses received funds from the event. These businesses include; Hidden Beauty Salon and Spa, Fransen Landscaping and Fall Fest on the Farm, and Stems & Salvage.

First, Hidden Beauty Salon and Spa of Tioga won $3,500.

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(Pictured above: David Grubb, The Bank of Tioga Market President and Jessica Nygaard of Hidden Beauty)

“We appreciate the support of area businesses from The Bank of Tioga by offering a competition like REV," said Jessica Nygaard of Hidden Beauty. "We are very excited to use the award to bring a Red Light Therapy Bed to Tioga. Red Light Therapy is very beneficial in treating skin problems and providing pain relief for a variety of conditions.”

Second, Frandsen Landscaping and Fall Fest on the Farm of Tioga was also awarded $3,500.

“We want to give a huge thank you to The Bank of Tioga for the grant money of $3,500 we received," expressed Lucy and Hank Frandsen, owners of the Frandsen Farms. "We will use it to grow and improve our annual Fall Fest on the Farm and other events which will be enjoyed by families.”

 

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(Pictured above: David Grubb, The Bank of Tioga Market President, Brittany Sparks of Stems and Salvage, Hank and Lucy Frandsen of Frandsen Landscaping and Fall Fest, Savannah Hendrickson, Senior Credit Analyst and Credit Operations Manager at The Bank of Tioga)

Third, Stems and Salvage of Crosby won $3,000.

“Thank you to The Bank of Tioga for this opportunity to grow my business and my offerings to the community, ” said Brittany Sparks of Stems and Salvage. Sparks plans to utilize the funds to help kick-off art classes for children in the Crosby area.

"We were impressed by all the presentations and business ideas from our local communities," said David Grubb, Market President and judge on the panel. "It's exciting to be able to offer funds that will strengthen our local businesses and we look forward to hosting this event again year after year."

Applications for the 2018 Bank of Tioga REV will open next year. To learn more about REV, visit thebankoftioga.com/rev.

About The Bank of Tioga:
The Bank of Tioga is a community bank that values citizenship, exceptional client service, serving as a business leader in its community. Committed to supporting local organizations, the bank reinvests a portion of their net income back to the community. 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. Branch locations Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.