But now the Bears sit on the cusp of lifting their second premiership trophy since 2016.

The Bears will meet the Crookwell Green Devils in the George Tooke Shield grand final at Jamison Oval on Saturday.

It's been a remarkable turnaround for the club in just a short space of time, returning to the second division of the Canberra Region Rugby League system in 2015 following a 30-year hiatus.

Club president Ben Cullen and inaugural coach Rick Thorley played a pivotal role in the revival of the storied club, noticing a hole in the talent pathway from juniors to seniors.

"In 2015 a number of us got together and identified there was an absence in the senior comp for the North Canberra Bears," Cullen said.

"The juniors had been finishing up at 16 years of age and went to play at other footy clubs, so we decided to start a senior side here."

The Bears enjoyed a fast rise as they soon notched up their first grand final win since 1972.

Now the minor premiers have set their sights on another title having already toppled Crookwell twice from as many attempts this season.

In an effort to restore the club to its former glory, the Bears opened up a licensed venue in July to help with financial responsibilities.

"We recently opened an establishment in Kaleen which is the heartland of where we're based. It's been well received so far and we expect the patrons to increase with the warmer weather," Cullen said.

"We're non-beneficiary directors. All profit from the operation goes directly back into the sporting organisation.

"I've personally invested quite a bit of money into the club to make sure it can get off the ground. Our sponsors have also be fantastic."