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Choice Financial Group

FDIC #9423 📍 Fargo, North Dakota

Choice Financial Group is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1906. With assets of $5.04 Billion, it operates 18 domestic branches.

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★☆☆☆☆ Sydney
July 19, 2021

Horrible

★☆☆☆☆ Jade M
April 26, 2021

terrible

Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
Satisfactory
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, 2023
Satisfactory
August 1, 2020
Satisfactory
August 1, 2017
Satisfactory
July 1, 2014
Satisfactory
September 1, 2011
Satisfactory
August 1, 2008
Satisfactory
April 1, 2007
Satisfactory
February 1, 2004
Satisfactory
February 1, 1999
Satisfactory
February 1, 1996
Satisfactory
October 1, 1993
Satisfactory
December 1, 1991
Satisfactory
July 8, 1990
Satisfactory
💰 Financial Strength
Total Assets$5.04 Billion
Total Deposits$4.52 Billion
Equity Capital$488.31 Million
Net Income$50.65 Million
📈 Performance
ROA1.40%
ROE14.92%
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.
📞 Contact & Location
Address4501 23rd Ave S
Fargo, North Dakota 58104
OnlineVisit Website
📋 Corporate Structure
Established01/01/1906
FDIC Cert9423
Holding CoChoice Financial Holdings Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 6:00 PM
Tuesday7:30 AM - 6:00 PM
Wednesday7:30 AM - 6:00 PM
Thursday7:30 AM - 6:00 PM
Friday7:30 AM - 6:00 PM
Saturday9:00 AM - 12:00 PM
SundayClosed

📜 Institutional History

2018
Merger / Acquisition
Acquired: Venture Bank
2015
Merger / Acquisition
Acquired: Northland Financial
2015
Relocation
Moved HQ to: 4501 23rd Avenue South, Fargo, ND 58104.
2014
Merger / Acquisition
Acquired: Great Plains National Bank
2013
Merger / Acquisition
Acquired: Choice Financial Savings Bank
2006
Name Change
Name became: Changed Institution Name To Choice Financial Group.
2001
Merger / Acquisition
Acquired: Walhalla State Bank
2001
Merger / Acquisition
Acquired: First State Bank Langdon
2001
Merger / Acquisition
Acquired: First Capital Bank Of North Dakota
1996
Name Change
Name became: Changed Institution Name To Citizens State Bank Grafton-petersburg.
1996
Relocation
Moved HQ to: 645 Hill Avenue, Grafton, ND 58237.
1995
Relocation
Moved HQ to: 202 South Fifth, Petersburg, ND 58272.

📍 Branch Locations (18)

Venture Bank Branch
4470 W 78th Street Cir
Bloomington, Minnesota 55435
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Eagan Branch
2640 Eagan Woods Dr
Eagan, Minnesota 55121
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Golden Valley Branch
6210 Wayzata Blvd
Golden Valley, Minnesota 55416
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Moorhead Branch
801 Main Ave
Moorhead, Minnesota 56560
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Roseville Branch
2100 County Road C W
Roseville, Minnesota 55113
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Great Plains National Bank Branch
227 Main St N
Belfield, North Dakota 58622
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Choice Financial Group - Bismarck Branch
1050 East Interstate Avenue
Bismarck, North Dakota 58501
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Prairie Hills Mall Branch
323 18th St W
Dickinson, North Dakota 58601
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Ellendale Branch
83 Main St
Ellendale, North Dakota 58436
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Choice Financial Group
4501 23rd Ave S
Fargo, North Dakota 58104
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Grafton Branch
645 Hill Ave
Grafton, North Dakota 58237
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Grand Forks Branch
1697 S 42nd St
Grand Forks, North Dakota 58201
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