Border State Bank began as Greenbush State Bank in 1935. Established during the midst of the Great Depression by a group of optimistic Greenbush citizens, the bank flourished under the direction of Ingvald Folland until he sold his shares in 1981. Bank assets at the time were 16 million. K.B. Trangsrud served as the new President of Greenbush State Bank until his retirement in 1985. Robert J. Hager was hired to succeed him as president and continues to serve the organization as CEO. Under Hager’s leadership the bank has seen tremendous growth. In the early 90’s, the bank’s ownership group purchased the Badger State Bank and in 1993 the two banks were merged under the common name of Border State Bank and the common ownership of the newly incorporated Border Bancshares. Changes in demographics, economic factors and the direction of the banking industry led to a decision to expand. The group opened a bank in Roseau in 1995. To further diversify its economic base, additional banks were opened in Baudette, Minnesota in 1998 and International Falls, Minnesota in 2000. First National Bank, with locations in Thief River Falls and Middle River Minnesota, was purchased in 2002. Currently Border State Bank operates seven banking locations: Greenbush, Badger, Roseau, Baudette, International Falls, Thief River Falls and Middle River. These, along with affiliations with several other Minnesota banks, Border Insurance Network and the Investment Centers of America, provide a complete line of financial services to northern Minnesota. Border State Bank assets currently stand at approximately $317 million. |
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To our Customers who are our most valuable asset, we will provide the highest quality of service and benefits designed around your needs and wants. We will do this through our highly skilled and motivated employees. To our Employees we will provide a superior, team based work environment and will be a responsible employer dedicated to your well being. To our Communities we will be responsible civic citizens and business leaders and will do all we can to support the best interests of the communities in which we live and work.
As an integral member of the team, we are held to high levels of integrity, respect and productivity. We are accountable for our actions, our responsibilities and for meeting the needs of our customers and our co-workers. This involves sincere respect for the rights and feelings of others. It demands that we refrain from behavior that might be harmful to ourselves, our co-workers and our company or that might be viewed unfavorably by customers, suppliers or the public at large. ACCOUNTABILITY RESPECT INTEGRITY CONFIDENTIALITY PRODUCTIVITY QUALITY SERVICE |
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