FARGO (KFGO-AM) A change at the top at Fargo based Bell State Bank & Trust. The board of directors of the region's largest independent bank has named President Michael Solberg the company's third Chief Executive Officer in the bank's nearly 50 year history. He'll take over the job held for 32-years by his father, Richard Solberg.
Michael Solberg says Bell State has seen record growth, expanding into Minnesota and for the first time, hitting more than $3 billion in assets. That's thanks a strong regional economy, good decisions, and something he calls "the bottom line." He says "happy employees equals happy customers...focusing on people rather than just the numbers side of the banking business" pays off.
The company shared in its success this year, by handing out a $1,000 bonus to each employee at this year's Christmas party.
Richard Solberg plans to continue involvement with Bell State on a part-time basis.