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Bell Bank
Bell Bank is a privately owned bank headquartered in Fargo, North Dakota, with assets of $13 billion. Bell Bank, which employs more than 1,900 people, has 27 full-service banking locations in North Dakota, Minnesota and Arizona, and mortgage locations in Arizona, Colorado, Florida, Kansas, Illinois, Minnesota, Missouri, New Mexico, North Dakota, Tennessee and Wisconsin. State Bankshares is Bell Bank's parent company.
Bell Bank was founded as State Bank of Fargo in 1966 as a single location in the Northport Shopping Center in Fargo. Thomas "Buck" Snortland was one of the company's founders.
In 2003, the bank bought Northern Capital Trust, a trust company and flex spending adjudication business. Richard Solberg, who was then the bank's president and CEO, had served on the board of directors for Northern Capital Trust since the company was established—16 years before the merger.
Not long after the merger, Bell created a spin-off company called Discovery Benefits, which administers flexible benefits, COBRA and health savings accounts. Bell also started HealthcareBank, one of the largest health care savings account banks and a client of Discovery Benefits. In 2019, State Bankshares announced plans to sell Discovery Benefits for $425 million to Wex Inc., a South Portland, Maine-based payment processing and business solutions provider. In 2021, Bell and WEX agreed to WEX's acquisition of certain HSA assets of HealthcareBank.
In 2011, the company acquired Minneapolis-based Bell Mortgage, expanding its reach into the Twin Cities and Phoenix, Ariz. The company changed its name from State Bank & Trust to Bell State Bank & Trust in 2012 and to Bell Bank in Aug., 2016. In 2013, Bell acquired Minneapolis-based The Business Bank and its Prime Mortgage Division. Bell Bank Mortgage expanded its offices into Wisconsin and New Mexico in 2018, Florida, Missouri and Tennessee in 2019, and Kansas in 2020.
Bell launched an equipment finance division in Minneapolis in 2018, to serve the manufacturing, transportation, construction and agriculture industries.
In 2019, Bell signed a purchase agreement to buy Warner and Company Insurance in Fargo, Schiller Insurance in Detroit Lakes, Minnesota, and Thompson-Schaefer Insurance Agency in Grand Forks, North Dakota, and rebranded them as Bell Insurance.
Bell opened its first full-service bank branch in Arizona—in the city of Chandler, Arizona—in 2019, and its second in Phoenix – Biltmore in 2020.
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Bell Bank
Bell Bank is a privately owned bank headquartered in Fargo, North Dakota, with assets of $13 billion. Bell Bank, which employs more than 1,900 people, has 27 full-service banking locations in North Dakota, Minnesota and Arizona, and mortgage locations in Arizona, Colorado, Florida, Kansas, Illinois, Minnesota, Missouri, New Mexico, North Dakota, Tennessee and Wisconsin. State Bankshares is Bell Bank's parent company.
Bell Bank was founded as State Bank of Fargo in 1966 as a single location in the Northport Shopping Center in Fargo. Thomas "Buck" Snortland was one of the company's founders.
In 2003, the bank bought Northern Capital Trust, a trust company and flex spending adjudication business. Richard Solberg, who was then the bank's president and CEO, had served on the board of directors for Northern Capital Trust since the company was established—16 years before the merger.
Not long after the merger, Bell created a spin-off company called Discovery Benefits, which administers flexible benefits, COBRA and health savings accounts. Bell also started HealthcareBank, one of the largest health care savings account banks and a client of Discovery Benefits. In 2019, State Bankshares announced plans to sell Discovery Benefits for $425 million to Wex Inc., a South Portland, Maine-based payment processing and business solutions provider. In 2021, Bell and WEX agreed to WEX's acquisition of certain HSA assets of HealthcareBank.
In 2011, the company acquired Minneapolis-based Bell Mortgage, expanding its reach into the Twin Cities and Phoenix, Ariz. The company changed its name from State Bank & Trust to Bell State Bank & Trust in 2012 and to Bell Bank in Aug., 2016. In 2013, Bell acquired Minneapolis-based The Business Bank and its Prime Mortgage Division. Bell Bank Mortgage expanded its offices into Wisconsin and New Mexico in 2018, Florida, Missouri and Tennessee in 2019, and Kansas in 2020.
Bell launched an equipment finance division in Minneapolis in 2018, to serve the manufacturing, transportation, construction and agriculture industries.
In 2019, Bell signed a purchase agreement to buy Warner and Company Insurance in Fargo, Schiller Insurance in Detroit Lakes, Minnesota, and Thompson-Schaefer Insurance Agency in Grand Forks, North Dakota, and rebranded them as Bell Insurance.
Bell opened its first full-service bank branch in Arizona—in the city of Chandler, Arizona—in 2019, and its second in Phoenix – Biltmore in 2020.
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