NATCOM Bancshares, Inc., and its wholly-owned subsidiary, National Bank of Commerce (collectively “NBC”), announced the completion of their acquisition of Great River Holding Company and its wholly-owned subsidiary, RiverWood Bank.

This acquisition helps ensure local dollars remain in the region. NBC strives to remain a local, independent community bank, and this acquisition was a strategic move that aligns with NBC’s long-term vision for growth and expansion. The synergies created by this partnership will undoubtedly enable NBC to better serve its customers and communities, further solidifying its position within the industry.

The process began in late July 2024, with NBC submitting its acquisition application to the Federal Reserve and OCC. Formal regulatory approval was granted on Nov. 1, 2024, and the sale officially closed on Fri., Dec. 13, 2024. At that point, NBC began converting RiverWood Bank’s branches, accounts, and systems into theirs, all while keeping its customers informed of the progress. As of today, the process is complete.

NBC now has:

• Twenty-one locations across northwestern Wisconsin and central and northern Minnesota;

• Roughly $2.0 billion in total assets;

• Over 260 associates serving in 12 counties;

• A larger legal lending limit that benefits local businesses;

• Advanced technology, comprehensive products, and superior customer service.

 National Bank of Commerce is headquartered in Superior. It has branch locations in Bagley, Baudette, Baxter, Bemidji, Benson, Big Lake, Crosslake, Duluth, Esko, Hermantown, Hibbing, International Falls, Monticello, Morris, Poplar, Solon Springs, and Superior.