Agriculture

At MinnStar Bank, we understand that farming is not only a way of life, it’s a business. We are here to help meet the current financial needs of your farm business, as well as assist with planning for the future of your farm operation. MinnStar Bank offers a complete line of agricultural banking services, including annual operating loans, term loans for machinery, equipment and livestock facilities, loans to finance renewable energy investments and real estate loans. Our expert loan officers, Kent Thiesse and Joseph O’Sullivan are here to assist you with all your agriculture credit and financial needs.

Checking

Star Club Checking

With MinnStar Bank’s Star Club Checking account, you can take advantage of no minimum balance or per debit fee. The $9.00 monthly fee offers personalized checks (limited to one style), copying services, gift envelopes and unlimited check writing.

Minimum Balance Checking

With a Minimum Balance Checking account you are required to maintain a $100.00 minimum balance to avoid a minimum balance fee and a per debit fee. If the daily balance drops below $100.00 any day of the month, a monthly minimum balance fee of $7.00 and a per debit fee of $0.25 is charged for the entire statement cycle.

Interest Checking

A Interest Checking account with MinnStar Bank pays you interest for the average daily collected balance and adds the interest to your account balance on the statement cycle date. When you maintain the $500.00 minimum balance, you avoid a monthly minimum balance fee and a per debit fee. If the daily balance drops below $500.00 any day of the month, a monthly minimum balance fee of $10.00 and a per debit fee of $0.25 is charged for the entire statement cycle.

Senior Checking

If you are age 55 or over, you are eligible for MinnStar Bank’s Senior Checking account. There is no minimum balance requirement, no monthly fees and no charge for check writing and debits. Personalized checks (limited to one style) are at no charge.


Operating Lines of Credit

MinnStar Bank offers very competitive Agriculture Operating Lines of Credit to finance both crop and livestock farming operations. We will work with farm operators to prepare an annually updated FINPACK Financial Analysis on their farm operation as part of the annual loan renewal process. This is very beneficial to farm operators in helping manage their farm business. We also offer special financial incentives to farm operators that enroll in the South Central College Farm Business Management Programs. For more information contact:

Kent Thiesse, Lake Crystal
kent.thiesse@minnstarbank.com

Joseph O’Sullivan, Lake Crystal
Joseph.osullivan@minnstarbank.com

Tom Evensvold, Lake Crystal
tom.evensvold@minnstarbank.com


Term Loans

MinnStar Bank offers a variety of Agriculture Term Loans to finance farm machinery and equipment purchases, new or remodeled grain or livestock facilities, investments in renewable energy and tile drainage upgrades. These term loans have competitive interest rates and are set up with loan provisions that meet the farm operator’s farm business needs. For more information contact:

Kent Thiesse, Lake Crystal
kent.thiesse@minnstarbank.com

Joseph O’Sullivan, Lake Crystal
Joseph.osullivan@minnstarbank.com

Tom Evensvold, Lake Crystal
tom.evensvold@minnstarbank.com


Real Estate Loans

MinnStar Bank offers excellent Real Estate Loans to assist farm operators and others with purchases of tillable farm land, assist farm families with purchasing farm sites or making improvements to family homes or other farm buildings. MinnStar Bank Real Estate Loans offer competitive rates and are set up with terms to meet the needs of the farm customer. For more information contact:

Kent Thiesse, Lake Crystal
kent.thiesse@minnstarbank.com

Joseph O’Sullivan, Lake Crystal
Joseph.osullivan@minnstarbank.com

Tom Evensvold, Lake Crystal
tom.evensvold@minnstarbank.com


IMG_3758

Business Spotlight

PresenceMaker

IMG_3758

PresenceMaker

Chad Carlberg transitioned his business banking account to MinnStar four years ago and developed a strong relationship with Mark Monson, Vice President/Senior Commercial Lender and believes it was one of the best decisions the company has made. Learn more

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Innovation

Student Loan Genius

Young businessman looking through the office window while drinking coffee

Student Loan Genius

A few weeks paid time off, affordable healthcare and the standard employee benefits package for professionals may seal the deal for future hires but it is becoming more evident that a more innovative approach could be necessary for an age where scaling is a tough challenge for startups. Learn more

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Starting Up

Writing a Business Plan

Close Up Of A Businessman's Hand On Laptop Keypad

Writing a Business Plan

A written plan for launching and operating your business is essential for success and should be the first step in your new venture. A well-written and prepared business plan should describe the business: its products or services, market, people and financing needs. Learn more

 
Mark Monson

Meet the Banker

Mark Monson

Mark has been working in the banking industry since 1991

Learn more