Bank Forward
FDIC #8941
📍 Fargo, North Dakota
Bank Forward is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 09/05/1927. With assets of $977.93 Million, it operates 12 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2022
Satisfactory
July 1, 2019
Satisfactory
July 1, 2016
Satisfactory
💰 Financial Strength
Total Assets$977.93 Million
Total Deposits$821.32 Million
Equity Capital$97.02 Million
Net Income$12.57 Million
📈 Performance
ROA1.82%
ROE17.60%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established09/05/1927
FDIC Cert8941
Holding CoBk Forward Employee Stk Ownership Plan&tr
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 4:00 PM
Tuesday8:00 AM - 4:00 PM
Wednesday8:00 AM - 4:00 PM
Thursday8:00 AM - 4:00 PM
Friday8:00 AM - 4:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2022
Relocation
Moved HQ to: 5650 37th Ave S, Fargo, ND 58104.
2010
Name Change
Name became: Changed Institution Name To Bank Forward.
2010
Relocation
Moved HQ to: 390 Wheat St, Hannaford, ND 58448.
2006
Merger / Acquisition
Acquired: Centennial National Bank
1993
Merger / Acquisition
Acquired: Farmers State Bank