Bell Bank

When you bank or work with us, you're part of the Bell family

Divisions & Affiliates

Bell Bank's divisions and affiliate companies offer our customers in-depth expertise and expanded financial services. 


Bell Bank Wealth Management

Providing trust and asset management services since 1987, Bell's wealth management division offers a lifetime of investment solutions – from financial planning and investments, to corporate and individual retirement plans, to designing and administering trusts and estates.

Bell's in-house investment team achieves results comparable to those of national investment firms. Our special expertise includes not only a full range of individual investments, but also corporate services including 401(k) plans, institutional investing and philanthropic giving.

What's your legacy? We'll help you consider and navigate the path to your individual or corporate financial goals.

Bell Institutional Investment Management

With a collaborative approach to investing, Bell Institutional Investment Management allows institutions – whether insurance companies, pension funds, foundations, endowments or nonprofit organizations – to engage an entire team of highly-credentialed investment management professionals.

Bell provides these institutions with expert management of their investment portfolios, aligning investment strategies with organizational goals. Since 1987, institutional clients have entrusted Bell with more than $4.5 billion in institutional assets, most of them managed as separate accounts.

Bell Bank Mortgage

Literally a part of Minnesota since the state's infancy, Bell Mortgage was founded in 1880 by early Minneapolis leader David C. Bell and grew to become the state's oldest and largest independent mortgage company. In 2011, Bell Mortgage became part of what was then State Bank & Trust, and in 2012, the bank took on the Bell name, giving a more unique identity to a known and respected regional brand.

We've made home ownership a reality for thousands of happy families. Find a lender at Bell Bank locations, or at Bell mortgage offices throughout the greater Twin Cities metro and in Phoenix, Ariz. You'll notice the Bell difference – a simple and smooth process all the way to an on-time closing.

Bell Insurance

Bell Insurance became a division of Bell in early 2019 after Bell acquired Warner and Company, uniting 2 longtime Fargo institutions. Warner and Company started in Fargo in 1911 and grew into one of the region's largest independently owned full-service insurance agencies. Bell also acquired 2 of Warner and Company's agencies: Schiller Insurance in Detroit Lakes, Minn., and Thompson-Schaefer Insurance Agency in Grand Forks, N.D.

Bell Insurance offers a full line of personal and business insurance coverage to protect family, home, business and belongings.

Bell Capital Finance

A division of Bell since 2014, Bell Capital Finance provides senior cash flow loans to both private and non-private equity-owned companies. We offer loans to lower middle market companies for situations including acquisitions, leveraged buyouts, refinancing, growth capital, recapitalization, managed buyouts and generational or succession-related transactions.

Headquartered in the IDS Center in downtown Minneapolis, our capital finance lenders offer expertise in specialized lending to companies across all industries.

Bell Bank Equipment Finance

Bell Bank Equipment Finance combines a wide array of leases and loans across almost all industries, with the fast responses, flexible terms and great pricing that allow businesses to bring in the equipment that’s critical to their success.

At the same time, the equipment finance team focuses on people first – building strong relationships with our customers and growing with them over the long term as their equipment finance partner.


Bell’s HealthcareBank division provides servicing and operational support for health savings accounts (HSAs), helping third-party administrators provide health benefit accounts to companies and their employees. HealthcareBank remains a “silent partner” to benefit administrators in support of client companies and their HSA participants.

HealthcareBank offers top-performing investment options to ensure HSAs generate competitive mutual fund returns under a sound investment policy.

Discovery Benefits

Discovery Benefits provides administration and recordkeeping for benefits – including flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), transportation benefit plans, and COBRA.

State Bankshares, the parent company of Bell Bank, sold Discovery Benefits to WEX in early 2019. State Bankshares retains an equity interest in the combination of Discovery Benefits and WEX's health division.

Bell Insurance Services, LLC is a wholly owned subsidiary of Bell Bank. Products and services offered through Bell Insurance or Bell Bank Wealth Management are: Not FDIC insured | No Bank Guarantee | May lose value | Not a deposit | Not insured by any federal government agency.