AN INDEPENDENTLY OWNED, REGIONAL BANK Headquartered in Fargo, North Dakota, and chartered in 1966, Bell Bank is now the largest privately owned bank in the region and one of the largest in the nation, with assets of more than $6.5 billion and more than $7 billion in assets under management. Bell has kept its commitment to remaining independent and locally owned, with policies and decisions made in the local communities. Majority stockholders Julie Snortland, Laura Snortland Fairfield, Michael Solberg and Richard Solberg are passionately committed to the bank’s employees and the communities they serve. The Snortlands are a successful farm family from Sharon, North Dakota. They have been involved with the bank since its beginning with one small north Fargo location. Richard Solberg joined the bank as its president in 1982 and remains the company’s chairman. With his son, Michael, he has helped guide the Michael Solberg, Julie Snortland, Richard Solberg, and bank through tremendous growth, while maintaining a Laura Snortland Fairfield are the majority stockholders of Bell. people-focused culture. Michael Solberg has served as Bell’s president since 2009 and was named CEO in 2015. He was the driving force behind the bank’s Pay It Forward program, which has empowered employees and others to give more than $15 million to those in need. As stewards of the bank, the owners value their employees, who are treated like family and whose dedication and loyalty are generously rewarded. In 2016, the Solberg and Snortland families established an employee stock ownership plan (ESOP) to share stewardship in the company. A reputation as a “great place to work” has helped Bell recruit and retain enthusiastic employees, who provide unequaled service to each customer. Bell Bank is a Member FDIC. Bell Bank Wealth Management services and products are not FDIC insured, have no bank guarantee, may lose value, are not a deposit and are not insured by any federal government agency. 10-25178 OUR HISTORY Bell Bank’s growth as one of the nation’s largest independently owned banks is the result of our commitment to service. We’ve expanded our footprint, adding more full-service bank locations, wealth management, insurance and other financial services, and we continually invest in the growth of the communities we serve. 1966 State Bank of Fargo is chartered 2015 Michael Solberg is named CEO; bank purchases iconic building (now Bell Plaza) in Bloomington, Minn. and 1968 Bank opens as a single location in Fargo, N.D. continues expansion in Twin Cities and beyond 1982 Richard Solberg is named president, steering bank’s 2016 Name simplified to Bell Bank; Solberg and Snortland growth starting with new Fargo metro locations families create employee stock ownership plan (ESOP) 1992 Building on Fargo’s commercial 13th Avenue becomes to share stewardship in the company bank headquarters 2018 Bell Bank reaches more than $5 billion in assets, 2001 Over the next several years, bank begins expansion expands mortgage operations in Wisconsin and New into Minn. lakes area Mexico, and announces its first full-service banking location in Arizona 2004 State Bank of Fargo, West Fargo and Moorhead merge with newly acquired Northern Capital Trust to form 2019 Bell acquires Warner & Company, a century-old State Bank & Trust, including wealth management insurance firm, adding Bell Insurance to our services; division opens mortgage offices in Florida, Tennessee and Missouri; and surpasses $6.5 billion in assets 2007 Michael Solberg launches Pay It Forward, empowering team members to give away millions to people in need 2012 Bank rebrands as Bell State Bank & Trust having acquired Minneapolis-based Bell Mortgage (founded in 1880) the previous year Bell Bank is a Member FDIC. Bell Bank Wealth Management services and products are not FDIC insured, have no bank guarantee, may lose value, are not a deposit and are not insured by any federal government agency 10-25193 STATEMENT OF CONDITION (000) Assets June 30, 2020 March 31, 2020 Cash and Due from Banks 525,297 451,752 Securities AFS 49,147 56,813 Securities HTM 1,550 1,579 Federal Funds Sold - Loans (net) 7,341,768 6,612,987 Bank premises, furniture & fixtures 108,389 105,446 Other Assets 152,168 148,520 Total Assets 8,178,319 7,377,097 Liabilities & Capital June 30, 2020 March 31, 2020 Deposits 7,025,517 6,267,028 Securities sold under repurchase agreements 13,200 11,784 Federal Funds purchased - FHLB advances 250,041 250,049 Other Liabilities 67,090 45,962 Total Liabilities 7,355,848 6,574,823 Capital Stock 600 600 Surplus 332,622 332,622 Undivided profits & reserves 489,249 469,052 Total Capital 822,471 802,274 Total Liabilities & Capital 8,178,319 7,377,097 As of June 30, 2020 Member FDIC 10-27477 BELL BANK An Independently Owned, We offer loans and services related to: Regional Bank ■ Participation loans Headquartered in Fargo, North Dakota, Bell Bank is ■ Commercial loans independently owned by several majority stockholders, ■ Agricultural loans about 140 additional stockholders, and Bell employees ■ Bank stock and ownership loans through an employee stock ownership plan (ESOP). As ■ Bank building financing a privately held company, we don’t have the pressure ■ of next quarter’s earning. Instead we focus on a Business and personal loans for bankers healthy balance of profitability, growth and nurturing ■ Equipment financing and leasing relationships. ■ Personal trust, retirement and asset management services Bell was chartered in 1966 as State Bank of Fargo and Not FDIC insured | May lose value | Not financial institution guaranteed | Not a is now the largest privately owned bank in a multi-state deposit | Not insured by any federal government agency region, with assets of more than $6.5 billion. Bell has ■ 401(k) retirement plans for banks Not FDIC insured | May lose value | Not financial institution guaranteed | Not a kept its commitment to remaining independent and deposit | Not insured by any federal government agency locally owned, with policies and decisions made in the ■ Insurance coverage for banks local communities. Bell Insurance Services, LLC is a wholly owned subsidiary of Bell Bank. Products and services offered through Bell Insurance are: Not FDIC insured | No Bank Guarantee | Competing Against the “Big Guys” May lose value | Not a deposit | Not insured by any federal government agency. In providing any of these services, we become the At Bell, we take pride in the lending partnerships we’ve behind-the-scenes partner, helping you work in a larger established with more than 300 other independent relationship without threatening your relationship with community banks in our region. We’ll help you enhance your customer. We will not cross-sell other bank services your customer relationships – and as your bank grows, to your customers. we’ll help you meet your needs. Our dedicated correspondent banking and credit team provides you with: ■ Flexible underwriting ■ Competitive lending terms and pricing P.O. Box 10877 ■ Fast decision-making Fargo, ND 58106-0877 ■ Consistent communication 701.298.1500 800.450.8949 www.bell.bank Member FDIC 13-25803 CORRESPONDENT BANKING PROFESSIONALS At Bell Bank, our dedicated correspondent banking and credit team will get you clear answers and the fast decisions you need, while providing you flexible underwriting, terms and pricing on loans. Our team gets back to you quickly to indicate our interest in a loan participation and works closely with you to make sure the loan process goes smoothly. Tom Ishaug Jeff Restad Tracy Peterson Mary Voss Denise Bunbury SVP/Correspondent Banking SVP/Correspondent Banking SVP/Correspondent Banking SVP/Correspondent Banking SVP/Correspondent Banking Manager Business Development Manager Business Development Officer Business Development Officer Business Development Officer cell: 701.866.4676 cell: 320.491.4411 cell: 480.259.8280 cell: 515.577.0070 cell: 608.234.1438 [email protected] [email protected] [email protected] [email protected] [email protected] Perry Rassler Todd Holzwarth Mike Pate Craig McCandless Lynn Paulson SVP/Correspondent Banking SVP/Correspondent Banking SVP/Correspondent Banking SVP/Correspondent Banking SVP/Director of Agribusiness Business Development Officer Business Development Officer Business Development Officer Business Development Officer Development cell: 763.242.7518 cell: 605.321.9197 cell: 402.301.3707 cell: 406.850.3790 701.298.7138 [email protected] [email protected] [email protected] [email protected] [email protected] Casey Whipple Callie Schlieman Jeremy Lykken Melanie Keltgen Tanner Graham SVP/Correspondent Banking SVP/Correspondent Banker Correspondent Credit Officer Correspondent Credit Officer Correspondent Credit Officer Credit Manager 701.433.7430 701.298.7166 701.451.7518 701.451.7509 701.433.7432 [email protected] [email protected] [email protected] [email protected] [email protected] Katie Grant Tyler Landen Travas Knutson Casey Atkinson Kelly Hegney Correspondent Credit Officer Correspondent Credit Officer Correspondent Credit Officer Correspondent Credit Officer Correspondent Banking 701.298.7031 701.237.2767 701.433.7428 701.433.7417 Administrative Project Specialist [email protected] [email protected] [email protected] [email protected] 701.451.7536 [email protected] Member FDIC 13-26177 CORRESPONDENT AREA WE SERVE We stay in touch with more than 1,000 banks in a 16-state region and actively do business with more than 300 of them. Home Office Branch Locations NORTH DAKOTA NORTH DAKOTA MINNESOTA MONTANAMONTANA Fargo ➊ MINNESOTA Correspondent Bankers ➒ ➌ ➍ ➊ Tom Ishaug and WISCONSIN Minneapolis WISCONSIN Callie Schlieman SOUTH DAKOTA IDAHO SOUTH DAKOTA IDAHO MMICHIGAN ➋ Todd Holzwarth ➋ ➏ WYOMING ➌ Jeff Restad IOWA ➍ Perry Rassler NEBRASKA IOWA ➎ OHIO NEBRASKA ➑ ILLINOIS INNDDIIAANNA ➎ Mary Voss UTU AH ILLINOIS ➏ Denise Bunbury COLORADO KANSAS MISSOURI ➐ Tracy Peterson COLORADO KENNTTUUCCKY ➑ Mike Pate KANSAS MISSOURI TEENNNNEESSEEE ➒ Craig McCandless OKLAHOMA ARKANSSAS ARIZONNA NEW MEXICO I P PP ARIZONA I ALABAMMA SS I TEXAS SS ➐ MI Member FDIC 13-25333 PARTICIPATION LOANS As your customers grow, so do their credit demands.