Question 1

What is Bank of Hazelton?

Accepted Answer

Bank of Hazelton is a community-focused state-chartered commercial bank serving rural North Dakota. With approximately $61 million in total assets and a single office location, the bank specializes in providing personalized banking services to the residents and agricultural businesses of Hazelton and surrounding Emmons County communities.

The bank operates as a state-chartered, FDIC-insured institution supervised by the Federal Deposit Insurance Corporation. It maintains strong financial performance with a return on assets of 1.81% and return on equity of 16.81%, reflecting solid profitability in its rural market niche.

Question 2

When was Bank of Hazelton founded?

Accepted Answer

Bank of Hazelton was established on August 22, 1903, making it one of the oldest continuously operating banks in North Dakota with over 120 years of service to the community. The bank was founded during a period of rapid settlement and agricultural expansion in the region, when local financial institutions were essential to supporting farmers and small businesses.

Throughout its history, the bank has remained committed to its original mission of serving the local community. The bank relocated its main office twice—first to Main Street in Hazelton on April 11, 1990, and then to its current location at 363 Main Street on March 31, 2006.

Question 3

Where is Bank of Hazelton headquartered?

Accepted Answer

Bank of Hazelton is headquartered at 363 Main Street in Hazelton, North Dakota. Hazelton is a small community located in Emmons County in south-central North Dakota.

The bank's headquarters building serves as its only branch location, reflecting its focus on serving the immediate local area.

Question 4

Where does Bank of Hazelton operate?

Accepted Answer

Bank of Hazelton operates exclusively in Emmons County, North Dakota, with its single office in Hazelton. The bank serves the local community and surrounding rural areas, focusing on customers who prefer the personalized service and local decision-making that a community bank provides.

Despite having only one physical location, the bank extends its reach through its website and routing number 091304032 for electronic transactions.

Question 5

What services does Bank of Hazelton offer?

Accepted Answer

Bank of Hazelton offers traditional community banking services tailored to meet the needs of its rural customer base. Services include personal checking and savings accounts, certificates of deposit, and various lending products.

The bank maintains an online presence through its website at bankofhazelton.net, providing customers with information about banking services. As a community bank, it emphasizes personal relationships and local decision-making in serving customer financial needs.

Question 6

What makes Bank of Hazelton unique?

Accepted Answer

Bank of Hazelton distinguishes itself through its remarkable longevity and unwavering commitment to a single community. Having operated continuously for over 120 years in the same small town, the bank exemplifies the traditional community banking model where relationships span multiple generations.

The bank's strong financial performance, with ROA and ROE significantly above industry averages for small banks, demonstrates the viability of focused, relationship-based banking in rural markets. Its independence as a locally-owned institution, without holding company ownership, allows for purely local decision-making.

Question 7

What type of financial institution is Bank of Hazelton?

Accepted Answer

Bank of Hazelton is a state-chartered commercial bank that operates as a Fed nonmember bank under FDIC supervision. This charter type means the bank is organized under North Dakota state banking laws rather than as a nationally chartered institution.

As a state-chartered, FDIC-insured commercial bank, it accepts deposits from the public and makes loans to individuals and businesses. The bank's classification emphasizes its role in providing general commercial banking services to its community, with particular strength in serving agricultural customers typical of rural North Dakota.

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About Bank of Hazelton in the United States