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Choice Bank
Work Here?
Community bank offering diversified banking solutions
Choice Bank
Work Here?
Community bank offering diversified banking solutions
Overview
Choice Bank is a community bank offering checking, savings, loans, mortgages, and digital banking through branches and online channels. It is member FDIC and Equal Housing Lender, and a division of CFG. Its PeopleFirst approach prioritizes local service and community involvement with local decision-making. Its goal is to help individuals and local businesses grow with reliable, easy-to-use banking and strong community support.
About Choice Bank
Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$7.3M
Headquarters
Fargo, North Dakota
Founded
2001
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Simplify's Take
What believers are saying
- Choice Financial Group reported $5.13 billion deposits and 3.29% net interest margin on June 30, 2026.
- CFG closed $428.9 million in Q1 2026 financing, showing continued origination momentum across lending lines.
- The updated 2026 careers site signals ongoing hiring, not a retrenchment, despite a tougher banking market.
What critics are saying
- BaaS sponsor banking invites 2026 compliance scrutiny and partner-flight risk after any fintech incident.
- CFG’s $6.38 billion asset base concentrates Choice’s fate inside one regional balance sheet and funding profile.
- Minnesota and North Dakota branch-heavy growth exposes Choice to deposit competition and margin pressure in 2026.
What makes Choice Bank unique
- Choice Bank combines 17 branches, insurance, wealth, and mortgage banking across North Dakota and Minnesota.
- Its BaaS sponsor-bank focus, through the 2022 Bankers Helping Bankers association, separates it from plain community banks.
- Mortgage Rate Relief with FHLB Des Moines targets 80% AMI borrowers, reinforcing local affordability expertise.
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Funding
Total Funding
$7.3M
Above
Industry Average
Funded Over
0 Rounds
Company News
Choicefinancialgroup is thrilled to announce that Choice Bank has been selected as a finalist in the 2025 Banking Tech Awards USA in the Best Community Bank Modernization category.
Choice Bank is proud to partner with the Federal Home Loan Bank of Des Moines (FHLB Des Moines) to offer Mortgage Rate Relief, a unique product that provides a more affordable path to homeownership by reducing the interest rate by approximately 1.5 percentage points for qualified borrowers.
Choice Bank will open a new location in Bismarck, located at 1050 East Interstate Avenue, Bismarck, ND 58503 to serve customer's financial needs, effective January 16, 2024.
Choice Bank announces appointment of Jason Bristow, Kristi Carlson, James Mitchell, Jr., and Marie Pillai to Board of Directors.
Choice Bank hires Dan Dvorak as Chief Legal Counsel - Lending & Finance.
Choice Bank is Hiring for 17 Jobs on Simplify!
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About Choice Bank
Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
$7.3M
Headquarters
Fargo, North Dakota
Founded
2001
Choice Bank is Hiring for 17 Jobs on Simplify!
Find jobs on Simplify and start your career today