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.  The monthly minimum balance fee and the per debit fee will be waived for customers 18 years old and under.

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 60 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

Scott Nelsen, Lake Crystal
scott.nelsen@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

Scott Nelsen, Lake Crystal
scott.nelsen@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

Scott Nelsen, Lake Crystal
scott.nelsen@minnstarbank.com


Meet the Banker

Mark Monson

Mark Monson was recently named CEO/President of MinnStar Bank and provides customers with more than 28 years of experience in the banking industry. Prior to his position as CEO, Mark was a Senior Commercial Lender.

Learn more