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 November 1, 2024, and the sale officially closed on Friday, December 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:
• 21 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.
Explosion north of Williams injures local employee
An explosion at a small 10x20 shack near the shore of Lake of the Woods, north of Williams, left a local man severely injured on Friday morning, January 24.
The victim, identified as CJ Davis, suffered second and third-degree burns to his face and hands after opening the door to the structure that morning, which then exploded. Davis was initially transported to LakeWood Health Center in Baudette and later transferred to Regions Hospital in St. Paul for specialized burn care.
Lake of the Woods Sleepers, a local business, announced the incident on social media and GoFundMe page has been established to assist Davis and his family during his recovery. The fundraiser, titled Support CJ Davis’s Burn Recovery Journey, is seeking contributions to help cover medical expenses and provide support for the family during this challenging time.
The cause of the explosion remains under investigation.
