Bravera Bank thrives with $1B in assets and top-rated mobile banking
Bravera Bank, established in 1977, operates 18 branches across Montana and North Dakota. Despite no public information on its city or regional representation, the bank boasts a strong Yahoo Finance ratio of 15.05%, indicating robust financial health. Headquartered in Dickinson, North Dakota, originally known as American Bank Center, Bravera Bank has grown to manage $1 billion in assets and deposits, classifying it as a medium-sized institution. The bank offers a range of products, including checking, savings, money market accounts, CDs, IRAs, mortgage services, and credit cards. Notably, its ordinary checking account has no monthly fee, catering to basic banking needs. However, its savings account APY of 0.01% is lower than the national average. Bravera's one-year CD APY stands at 0.20%, and its five-year CD at 1.00%. The bank's mobile app, available on Apple and Android platforms, maintains an impressive average rating of 4.6 out of 5, surpassing the national average of 3.8. Despite offering a wide array of services, Bravera Bank has a low number of complaints filed with the Consumer Financial Protection Bureau (CFPB), suggesting high customer satisfaction. With a strong Yahoo Finance ratio and a wide range of banking products, Bravera Bank caters to customers' diverse financial needs. Its user-friendly mobile app and low complaint rates further enhance its appeal. However, potential customers should consider the APY rates, particularly for savings accounts, before making a decision.
