State Bank of Bottineau

Souris State Bank began its operation on December 9, 1901 in Souris, North Dakota. The original stockholders were M. L. Helgerson of Bottineau, G. S. Ogren of Bottineau, and S. B. Qvale of Willmar, MN.

Although the Souris State Bank struggled through the depression, our strength and determination has brought us to where we are today. In 1967, we decided to move from Souris to our present location at 514 Thompson Street, Bottineau, North Dakota. At that time our name changed to the “State Bank of Bottineau”, but our commitment remained the same - to provide quality service to our customers, whether your needs are personal, commercial, or agricultural.

During the fall of September 1982, the bank was bought and owned by a group of men within Bottineau County for the first time in the bank’s history. Those men were Reuben Ellingson, Kenneth Henry, Raymond Kornkven, Gerald Long, Glenn Long, Billy Siercks, Carl Skarphol and Cedric Theel.

As we grew in assets our building also needed to grow. In 1983 we added on to the original building making room for four offices and a larger proof and computer room.

Providing the residents of Bottineau an investment center for all their investment needs came to be in 1985. Duane Larson is the only broker in the state of North Dakota that is employed with Investment Centers of America the longest length of time.

During 1986, the State Bank of Bottineau purchased an insurance agency to aid our community in their insurance needs. They are currently located at our highway branch. Once again growth created a need for more construction and in 1987, additional space was added on to the building.

Our board of directors felt a community owned bank was important in helping the bank grow. Their intuition paid off.

Our current assets are over $40 million with approximately 65% of our assets being loaned out to the community. We have a branch to help serve you located on the corner of Highway 5 and Main Street in Bottineau, which was acquired in 1999.