Not Your Average Correspondent Lender

Charter West Bank had a correspondent relationship with another bank. After credit regulations tightened in 2008, that bank decided to stop doing stock loans under a certain amount.

That’s when Charter West started working with Bell Bank. Bell took over the bank stock loan, helping give Charter West more equity on their balance sheets.

It’s nice to know Bell is there when we need them,” remarks Kevin Larson, Charter West president.

Charter West is a community bank founded in 1985 in West Point, Neb. Since then, the bank has expanded into other markets and has 5 full-service locations and 7 loan production offices. Charter West has grown more than 20 percent since 2013 and has experienced fairly level growth each year, Kevin says.

“We have seen growth in both the commercial and agricultural sectors of our market areas,” he notes. “Having Bell Bank provide us with workable stock loan terms has made this growth very manageable.”

Unlike a typical correspondent bank, Bell’s focus is working as your partner. We have larger hold limits, so we won’t resell your loan participation with us. We also have a team dedicated to correspondent banking and credit, so we can provide our customers with flexible underwriting, competitive lending terms and prices, fast decision-making and consistent communication.

Having partnered with more than 300 other independent community banks in our region, we have experience-based expertise on:

  • Participation loans
  • Bank building financing
  • Bank stock and ownership loans
  • Business and personal loans for bankers

Give us a call to find out how we can put our experience to work for you.

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