Border State Bank adds eleventh location

GREENBUSH, MN – Border State Bank is pleased to announce the purchase of First State Bank of Clearbrook, Minnesota.  

 “Clearbrook is a special small community and was attractive to us because the community, residents, bank culture and employees are much like those in other Minnesota small towns where Border State Bank has a strong presence.  Border State Bank is excited to pair with a well-established bank that has a strong commitment to community banking, which is the focus of our mission” said Robert Hager, CEO of Border State Bank.

Border State Bank was established in 1935 and has extraordinarily deep roots in Minnesota. The bank proudly serves eight communities in Northern Minnesota – Greenbush, Thief River Falls, Badger, Middle River, Baudette, International Falls, Roseau and Lancaster.  In addition, Border State Bank has a bank in Coon Rapids and a Deposit Production Office in Rochester.   The combined bank will have approximately $550 million in assets.  

“Our employees are excited to have been acquired by a bank that shares the same hometown banking philosophies First State Bank is known for.  It is a natural fit.  Our customers should be rest assured the transition will be seamless and they will continue to receive the exceptional, personalized service they expect and value,” said Brad Eck, EVP/CEO of First State Bank. 

First State Bank will retain its name through October 2018, at which time it will assume the Border State Bank name and branding. First State Bank in Clearbrook is located at 123 Main Street and can be reached at 218-776-3151, or at www.fsbclearbrook.com.

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