Bell Bank
Bell Bank is the largest family- and employee-owned bank in the upper Midwest with over $13 billion in assets. Founded in 1966 as State Bank of Fargo, it provides comprehensive financial services including personal and business banking, mortgages, wealth management, and insurance. The bank maintains a 5-star financial stability rating and is headquartered in downtown Fargo's new Bell Tower.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (34 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Bell Bank ranks #71 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Bell Bank’s 7(a) acquisition lending falls in the $0-$500K range: 18 loans, 52.9% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 18 | 52.9% | |
| $500K-$1M | 6 | 17.6% | |
| $1M-$2M | 6 | 17.6% | |
| $3M-$4M | 3 | 8.8% | |
| $4M-$5M | 1 | 2.9% |
Industries with highest loan volume
Wood Kitchen Cabinet and Countertop Manufacturing
2
loans
$487K
avg. amount
Fitness and Recreational Sports Centers
2
loans
$196K
avg. amount
Furniture Retailers
2
loans
$988K
avg. amount
Sports and Recreation Instruction
1
loans
$286K
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
1
loans
$4.5M
avg. amount
All Other Miscellaneous Retailers
1
loans
$1.5M
avg. amount
Fabricated Structural Metal Manufacturing
1
loans
$1.7M
avg. amount
Other Accounting Services
1
loans
$816K
avg. amount
Insurance Agencies and Brokerages
1
loans
$1.0M
avg. amount
Gasoline Stations with Convenience Stores
1
loans
$3.8M
avg. amount
10-Year
0.0%
Percentile Ranking
0th percentile
Bell Bank’s median variable rate is + 2.00%, against a market median of Prime + 1.88%, 13 above market.
It priced below the market median in 0 of the last 2 quarters.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 1.94% |
| $500K-$1M | Prime + 1.71% |
| $1M-$2M | Prime + 1.63% |
| $3M-$4M | Prime + 1.17% |
| $4M-$5M | Prime + 2.00% |
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q2 '25 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
| Q1 '26 | Prime + 2.00% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
Bell Bank has originated 7(a) acquisition loans in 6 states, most actively in Minnesota (17), Arizona (10) and North Dakota (4). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Minnesota | 17 | 50.0% |
| Arizona | 10 | 29.4% |
| North Dakota | 4 | 11.8% |
| Wisconsin | 1 | 2.9% |
| Colorado | 1 | 2.9% |
| Iowa | 1 | 2.9% |
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