Border State Bank

What Border State Bank does

Border State Bank, operating as Border Bank, is a privately held community bank founded in 1935 and headquartered in Fargo, North Dakota, serving individuals, small-to-medium businesses, and agricultural operations across Minnesota and North Dakota. The bank operates physical branches in the region complemented by an online banking platform at secure.border.bank, a mobile banking channel, and a dedicated business treasury management portal at treasury.border.bank. The product set is bifurcated between a Personal line (checking, savings, CDs, IRAs, HSAs, personal loans, mortgages, credit and debit cards, safe deposit boxes, overdraft coverage, and eStatements) and a Business & Agricultural line (business checking and savings, ag loans, commercial loans, business credit cards, business HSAs, and a Treasury Management suite bundling ACH Origination, Positive Pay check-fraud prevention, Remote Deposit Capture, and Merchant Card Services). The bank is FDIC-insured and operates as an Equal Housing Lender under a community-banking go-to-market model that emphasizes local decision-making and relationship-based service.

The business model is a traditional community bank interest-spread and fee model. Revenue is generated through four streams: net interest income from lending (personal, mortgage, agricultural, and commercial loans), transaction and deposit fees on consumer and business accounts, treasury management fees for commercial cash-management and payment-processing services, and credit card revenue from interchange and revolving balances. Distribution is multi-channel, with retail branches handling relationship-led acquisition and servicing, while self-serve digital channels handle transactional volume. The customer base is horizontally segmented across Personal Banking and Business & Agricultural use cases, with no disclosed enterprise segment. Pricing is account-specific and not publicly disclosed; customers are directed to contact the bank or visit a branch for rate information. The bank's marketing approach combines a content-marketing blog, customer success stories featuring local SMBs and individuals, an active Twitter/X presence, and community events such as fraud-awareness and elder-exploitation education sessions.

Technically, the platform is a conventional online and mobile banking stack with treasury management capabilities, delivered through web and mobile channels. There are no disclosed proprietary AI or ML capabilities, no API/SDK surface, and no third-party integration catalog beyond the Avannis customer survey partnership. The bank operates without a disclosed holding company or parent, and ownership is not publicly disclosed; it is presumed to be held by local shareholders consistent with community bank norms. No funding rounds, M&A activity, regulatory actions, leadership changes, or quantified headcount or revenue data are present in the supplied material, which constrains the depth of any quantitative inference.

Name

Border State Bank

Legal name

Border State Bank

Website

https://borderstatebank.com

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

101–250 employees

Short description

Border State Bank (dba Border Bank) is a privately held FDIC-insured community bank founded in 1935, serving individuals, small businesses, and agricultural operations across Minnesota and North Dakota through branches, online/mobile banking, and a Treasury Management suite.

Ownership category

akta.pro rank

Headquarters

HQ city

Greenbush

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Revenue generated from lending activities including personal loans, mortgages, agricultural loans, and commercial loans. The bank earns interest spreads between deposit rates and loan rates.
2. Deposit and Service Fees: Fee income from checking accounts, savings accounts, and various banking services including overdraft coverage, wire transfers, and account maintenance.
3. Treasury Management Fees: Revenue from commercial treasury services including ACH origination, Positive Pay, Remote Deposit Capture, and Merchant Card Services.
4. Credit Card Revenue: Income from credit card transactions including interchange fees and interest charges on revolving balances.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Border State Bank (operating as Border Bank) is a community bank founded in 1935 that provides personal and business banking services to customers across Minnesota and North Dakota. It offers deposit products (checking, savings, CDs, IRAs, HSAs), lending products (personal loans, mortgages, commercial and agricultural loans), card services, and treasury management capabilities delivered through physical branches, an online banking platform, and mobile channels.

Product overview

Border State Bank operates as a traditional community bank offering a unified banking platform with distinct product lines for personal and business/agricultural customers. Personal banking includes deposit products (checking, savings, CDs, IRAs, HSAs), lending (personal loans, mortgages), card services (debit cards, credit cards), and digital banking (online/mobile banking, eStatements). Business & Ag banking encompasses similar deposit and lending products plus specialized Treasury Management services with four integrated sub-modules: ACH Origination for batch payment processing, Positive Pay for check fraud prevention, Remote Deposit Capture for electronic check deposits, and Merchant Card Services for payment acceptance. The bank serves Minnesota and North Dakota communities with a tech-focused approach that combines new technologies for convenience with personalized local service.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts with online and mobile banking access, debit cards, and overdraft coverage options for individual consumers in Minnesota and North Dakota.
• Personal Savings Personal savings accounts including a Limited Edition Savings Account with promotional rates for individual savers.
• Certificates of Deposit (CDs) Term deposit accounts with fixed interest rates for personal savers seeking predictable returns.
• IRAs and HSAs Individual Retirement Accounts and Health Savings Accounts supporting personal long-term financial planning and tax-advantaged healthcare savings.
• Personal Loans Flexible personal loans for big purchases or home projects, with local service and competitive rates.
• Mortgages Home mortgage lending solutions including purchase and refinance options for residential borrowers.
• Personal Credit Cards Personal credit card products for everyday purchases and rewards.
• Safe Deposit Boxes Secure storage services for valuables and important documents available at bank branches.
• Debit Cards Debit card access for personal accounts with widespread ATM availability.
• Business Checking Business checking accounts with online banking access tailored for businesses and agricultural operations.
• Business Savings Savings accounts designed for business and agricultural customers.
• Treasury Management Comprehensive cash flow management and secure payment solutions for businesses, bundling ACH Origination for batch payment processing, Positive Pay for check fraud prevention, Remote Deposit Capture for electronic check deposits, and Merchant Card Services for payment acceptance.
• Business Online Banking Digital banking platform for business customers to manage finances, view accounts, and process transactions online.
• Agricultural Loans Agricultural lending products tailored for farming operations, equipment purchases, and land acquisitions.
• Commercial Loans Commercial lending solutions for business expansion, equipment financing, and working capital needs.
• Business Credit Cards Credit card products designed for business spending, with features supporting expense management.
• Business HSAs Health Savings Accounts for business customers to provide tax-advantaged healthcare spending options for employees.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• AvannisminorOthersAvannis provides customer survey services for Border State Bank. The bank references this partnership through its Resources page, offering customers access to Avannis Customer Surveys as part of its feedback collection process.

Scale indicators1 record

Expansion highlights4 records

Direct peers

• Gate City Bank: Fargo, ND-based community bank with a similar footprint in North Dakota and Minnesota, offering personal banking, mortgages, business banking, and treasury management. Gate City Bank operates as a mutual holding company with comparable community-focused GTM and product offerings.
• Starion Bank: Bismarck, ND-based community bank with branches across North Dakota and South Dakota offering personal, business, and agricultural lending. Similar community-focused model and comparable product suite in adjacent regional markets.
• Bell Bank: Headquartered in Fargo, ND, Bell Bank is a community bank serving similar Minnesota and North Dakota markets with comparable personal, business, and agricultural banking services. Both banks operate full-service branch networks and compete directly for the same regional SMB and consumer customer base.
• Choice Financial Group: Community bank holding company based in North Dakota with branches across ND and MN, offering personal, business, and agricultural banking services. Comparable multi-state community bank with similar product portfolio and customer segments.
• BlackRidgeBANK: Community bank with operations in North Dakota and Minnesota, offering personal, business, and agricultural banking. Direct competitor in the same regional footprint with similar community banking positioning and product offerings.
• Heartland State Bank: Minnesota-based community bank offering personal and business banking services in rural Minnesota markets. Comparable community-focused model serving similar customer segments in the same regional geography.
• American Federal Bank: Fargo, ND-based community bank providing personal and business banking services in the Red River Valley region. Comparable to Border State Bank in geographic focus and customer segments served.
• First Western Bank & Trust: Minot, ND-based community bank serving western North Dakota with personal banking, commercial loans, and ag lending. Comparable regional community bank with similar agricultural lending focus and SMB customer base.
• Alerus Financial: Grand Forks, ND-based regional bank providing commercial banking, mortgage, and wealth management services across the Upper Midwest. Comparable to Border State Bank in its regional community bank positioning and business banking focus.

Regional players

• United Community Bank: Minnesota-based community bank serving southern Minnesota and surrounding areas. Comparable community bank model with similar personal and business banking offerings, though operating in a different sub-region of the state.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/borderbanks
• Facebookfacebook.com/BorderBanks
• LinkedInlinkedin.com/company/borderbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Border State Bank