National Bank of Commerce (Wisconsin)
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Financial services |
| Founded | February 1934 |
| Headquarters | Superior , United States |
Area served | Wisconsin, Minnesota |
Key people | Brad Roden (CEO), Eric Albrecht (President), Jeremy Egnash (CFO) |
| Products | Personal retail banking, mortgage financing, commercial loans, credit and debit card services, digital banking solutions |
| Parent | NATCOM Bancshares, Inc. |
| Website | nbcbanking |
National Bank of Commerce (NBC) is a comprehensive national banking institution headquartered at 1127 Tower Ave. in downtown Superior, Wisconsin. The bank offers a wide range of financial products and services including personal retail banking, mortgage financing, commercial loans, credit and debit card services, as well as digital banking solutions such as online and mobile platforms. NBC holds the distinction of being the largest bank owned locally within the Twin Ports area and has maintained operations in Wisconsin since 1934.
NBC functions as a subsidiary under NATCOM Bancshares, Inc., a bank holding company formed in 1998 to oversee its financial interests. The executive leadership team includes CEO Brad Roden, President Eric Albrecht, and CFO Jeremy Egnash.
Company History
Founded in February 1934 as the Union National Bank of Superior, NBC became insured by the Federal Deposit Insurance Corporation (FDIC) by April of the same year. The institution adopted the name National Bank of Commerce in 1940.
The bank expanded its footprint in September 1972 by acquiring Poplar State Bank, which added branches in Poplar and Solon Springs, Wisconsin. In 1998, NBC restructured itself by establishing NATCOM Bancshares Inc. as its parent holding entity. By the year 2000, NBC had launched its initial branch outside Wisconsin, located in Duluth, Minnesota.
In June 2008, NBC further broadened its reach through the acquisition of Superior Bancorp, which contributed an additional $90 million in assets along with two new branches. This acquisition increased NBC’s total assets to $540 million and secured approximately 60% of deposit market share within Douglas County, Wisconsin. Later that same year, NBC also absorbed Community Bank.
In December 2017, NATCOM Bancshares received federal authorization to acquire a 49% ownership interest in Republic Bank, completing full acquisition by July 2019. The merger concluded in December 2019, extending NBC’s presence to ten branches throughout northeastern Minnesota and northwestern Wisconsin. However, some former Republic Bank locations in West Duluth and Hermantown were subsequently closed.
In 2022, NBC purchased the former City Hall building at 1409 Hammond Ave (Superior City Center) to enhance its IT infrastructure, lending services, and other banking operations. As of August 2022, the bank operated ten branches with assets totaling $1.25 billion.
In 2024, National Bank of Commerce finalized the acquisition of RiverWood Bank. Following the completion on December 13, all RiverWood Bank branches were rebranded under the NBC name.
Bank Locations
- National Bank of Commerce maintains branch offices throughout Wisconsin and Minnesota in cities including Superior, Poplar, Solon Springs (WI), Duluth, Esko, Hermantown, Hibbing, Bagley, Baudette, Baxter, Bemidji, Benson, Big Lake, Crosslake, International Falls, Monticello, and Morris (MN).
Community Involvement
In December 2013, NBC contributed $400,000 to Superior High School in exchange for naming rights to the school’s outdoor sports complex, now designated as the NBC Spartan Sports Complex.
NBC has a longstanding relationship with the University of Wisconsin-Superior and acts as a sponsor for the Yellowjacket men’s basketball season-opening tournament.
In April 2022, NBC was honored with the Community Catalyst Award by the Entrepreneur Fund during the Regional Economic Indicators Forum.
Moreover, NBC is among the largest participants in Superior Water, Light & Power’s community solar garden initiative.
External links
Official Site: https://www.nbcbanking.com/