Bell Bank is adding an employee stock ownership plan, or ESOP, to its employees’ retirement benefits. The bank, founded in 1966 and headquartered in Fargo, announced the new benefit Tuesday, Nov. 22.
A news release said part of each employee’s retirement funds will be invested in the stock of parent company State Bankshares Inc.
The bank is now owned by about 70 shareholders, with a majority stake held by the families of board Chairman Richard Solberg, Michael Solberg, Julie Snortland and Laura Snortland Fairfield, according to the news release.
Read more: Bell Bank to offer stock ownership plan to employees
