Bell Bank
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Bell Bank
Bell Bank is a privately owned interstate bank headquartered in Fargo, North Dakota, with assets of $11 billion Bell Bank, which employs more than 1,900 people (more than 560 in the Twin Cities region) has 20 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. History and growth 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 t ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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