Real Estate

MinnStar Bank understands that the real estate market is ever-evolving. We take the time to sit down with clients and determine which loan best fits their needs. We offer excellent Real Estate Loan programs for your home, business and agriculture needs.

Home Equity Loans

At MinnStar Bank, we offer options that allow you to safely use the equity from your home. We can walk you through the process of understanding home equity, determining your needs, the types of home equity financing available, getting organized and applying for a Home Equity Loan. For more information contact:

David Thompson, Mankato
NMLS ID# 802940
dave.thompson@minnstarbank.com

Scott Nelsen, Lake Crystal
NMLS ID# 1541435
scott.nelsen@minnstarbank.com


Commercial Real Estate Loans

MinnStar Bank offers excellent Commercial Real Estate Loan programs to assist business owners with purchases, updates, improvements or expansions. Our business real estate loans are competitive and are set up with terms to meet the needs of the customer. For more information contact:

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

David Thompson, Mankato
david.thompson@minnstarbank.com

Mark Monson, Mankato
mark.monson@minnstarbank.com

Aaron Loken, Mankato
aaron.Loken@minnstarbank.com


Ag Real Estate Loans

MinnStar Bank offers excellent Ag Real Estate Loan programs 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 Ag 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


Business Spotlight

Dunkin’ Donuts

Dunkin’ Donuts

Dunkin’ Donuts officially opened on March 29, 2017, but MinnStar Bank N.A. worked with Dave Schooff and Oliver Schugel for nearly 18 months prior to make it a reality. “The process from start to finish had multiple steps and many layers. Our ability to work in and around those facets is one of MinnStar Bank’s strengths. It separates us from others,” says Mark Monson, Vice President, MinnStar Bank. “My relationship with Dave goes back a number of years and I think he understood that being a little creative was the key to getting this venture up and off the ground. He and Oliver trusted MinnStar to deliver and we did.” Learn more

Innovation

Equifax Data Breach

Equifax Data Breach

Last week. Equifax, one of the nation’s three largest credit bureaus, disclosed that it was subject to a massive data breach – one of the worst in the nation’s history. By the company’s own admission, the breach affects as many as 143 million Americans or roughly half of the U.S. population. This constitutes a much larger share of Americans with a credit history.

According to the company’s press release, “(t)he information accessed primarily includes names, Social Security numbers, birth dates, addresses and, in some instances, driver's license numbers.” Not only are consumers at risk, but their banks are put at significant financial risk from harm caused by fraudulent loans taken out by cybercriminals. Learn more

Starting Up

Writing a Business Plan

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

 

Meet the Banker

Tom Evensvold

Tom has over 40 years in financial services and provides MinnStar Bank with policy direction for the loan portfolio of the bank. Tom also personally services a number of ag and commercial loan accounts.

Learn more