About Us 

When Christopher Borgerding ventured out to open a community bank in 1889, his key to success was built on family values and traditions. Four generations later, the Borgerding family continues to prioritize these family values as they offer the best in community banking at North American State Bank to the communities they serve.

North American State Bank has grown significantly since its establishment. From a single bank in Belgrade, it has now expanded to three banking locations in Belgrade, Elrosa, and Willmar. By having three locations, North American State Bank is able to better serve and benefit the communities of west central Minnesota.

North American State Bank offers full-service banking and insurance. We exist to serve the needs of our customers, communities, employees, and investors. We are committed to the ideal of community banking, which has been passed on from generation to generation. We are proud of our local ties and rich community-oriented traditions dating back to 1889. Four generations later, North American State Bank continues to thrive in the rapidly evolving financial services environment because our vision is guided by the values and traditions established by its founder over a century ago.

Our History

The Borgerding family has operated North American State Bank for four generations. The bank began in 1889 by Christopher Borgerding as the Bank of Belgrade. In 1905, the bank's name was changed to its current name, North American State Bank.

Christopher served as president of the young bank for over 40 years when his son, Henry Borgerding was named president. The son remained president until 1985, however he continued to work as an employee until his death at the age of one hundred years. Henry's brother, Alphonse, was also a life-long employee in the family banking business. It was Alphonse's son, George Borgerding, who assisted Henry in the duties of the bank's presidency in the 1970s and 1980s until he later became the bank's president in 1985. George held this role until 2001, when his son, Brian Borgerding, was named president of North American State Bank.