LewisClark DG

New program will provide an additional line of support for North Dakota’s small businesses

(MANDAN, ND) – The North Dakota Opportunity Fund (NDOF) Steering Committee recently
voted to create a new collateral support program which expands the financing options available
to the lending and business community served by NDOF.
Created in 2012 as a direct result of the federal Small Business Jobs Act of 2010, which allowed
for the creation of State Small Business Credit Initiatives (SSBCI), the North Dakota Opportunity
Fund leverages private financing to help small businesses and manufacturers attain needed
loans and investments to expand and create jobs.
Led by the City of Mandan, a consortium of 38 municipalities (see attachment) was originally
allocated almost $10 million dollars for the loan participation program. Lewis & Clark
Development Group manages the fund on behalf of the consortium. Since 2012, NDOF has
disbursed $29.9 million dollars in loan proceeds.
Lenders Across the State Expressed Strong Support for New Program
Matt Burthold, commercial lending director for Lewis & Clark Development Group, said the
program’s success over the years prompted discussions about adding a collateral support
Late last year, the NDOF Steering Committee distributed an online survey to lenders across
North Dakota. The survey found strong interest in expending the fund to include collateral
“The strong support and interest in offering a collateral program is, I think, a vote of confidence
in the North Dakota Opportunity Fund,” says Burthold. “The support certainly helped the NDOF
Steering Committee in making the decision to proceed with creating a new program.”
Burthold says the Steering Committee did its due diligence in reviewing similar programs
throughout the United States.
“There is obviously no one size fits all approach, but we determined that the best model for us is
similar to a program used in Idaho. We opted to base our new program in part, but not entirely,
on what they offer,” notes Burthold.
How the NDOF Collateral Support Program Will Work
The new NDOF Collateral Support Program will establish pledged case collateral accounts with
lending institutions to enhance loan collateral for qualifying businesses, which will help them
obtain financing on acceptable terms and conditions.
The following is an example of how the new program may help a small business:
Small Business Expansion Project:
§ $500,000 total project; $485,750 value of total collateral available
§ $340,025: Lender policy is 70% loan-to-value advance rate
§ $75,000: Business is able to provide 15% cash equity
§ $84,975: Funding gap challenge
Solution Provided by the NDOF Collateral Support Program:
§ $425,000: Lender loan with an $84,975 Collateral Support Certificate of Deposit (CD)
§ $75,000: Borrower Equity
“The NDOF Collateral Support Program will be implemented prudently to provide another
valuable line of support for North Dakota’s small businesses,” says Burthold, who reports
inquiries are already being made from small businesses across the state.
For more information on the North Dakota Opportunity Fund, contact Burthold at (701) 667-7601
or at matt@lcdgroup.org. You can also learn more online at www.lcdgroup.org/business-loans/.

United Bankers Bank

United Bankers’ Bank Announces Strategic Partnership with Blue Team Alpha

BLOOMINGTON, MN – United Bankers’ Bank (UBB), the nation’s first bankers’ bank and Blue Team Alpha, an elite cybersecurity force, announce an agreement to offer cybersecurity services to UBB's community banks. Through this partnership, UBB and Blue Team Alpha will provide community banks with access to comprehensive cybersecurity services to help shore up defenses against cybercriminals.
"Very few areas present more challenges to community bankers than cybersecurity. Data breaches in financial services make the headlines weekly and regulators are cracking down. I'm happy to announce Twin-Cities-based Blue Team Alpha is the newest addition to UBB's suite of consulting services for our customer banks," commented UBB’s President and CEO Dwight Larsen.
"As banks adopt advanced technologies to improve customer service and operating efficiencies, they increase their attack surface and become more vulnerable to cybercriminals. Blue Team Alpha is happy to partner with UBB to help increase the security posture of community banks and the communities they serve," said Joe Kingland, CISSP, CEO of Blue Team Alpha.
The security experts at Blue Team Alpha have experience in addressing financial institutions' complex and highly regulated demands. The company has over 25 years of experience implementing stringent IT standards for banks and financial institutions.
About United Bankers' Bank
Headquartered in Bloomington, MN, United Bankers' Bancorporation, Inc. is the parent holding company for United Bankers' Bank (UBB). UBB provides a full range of correspondent banking services to over 1,000 community banks throughout 22 states. For more information, please visit www.ubb.com or follow us on LinkedIn or Facebook.
About Blue Team Alpha
Blue Team Alpha is an elite cybersecurity force with one primary focus - to keep its clients' company resources safe from attack. Established in 2018 as a subsidiary of Manage Infinity, Blue Team Alpha was designed to focus on incident response and to minimize the business impact of cyberattacks. The team has deep roots in incident response with decades of experience handling hundreds of breach investigations across 12 industries. For more information on Blue Team Alpha, visit blueteamalpha.com or follow us on LinkedIn or Facebook.
Contact: Dwight Larsen United Bankers’ Bank Direct: 952.885.9501
July 25, 2022
1650 W 82nd Street Bloomington, MN 55431 www.ubb.com

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Bravera Bank

MINOT, N.D. – Bravera Bank is proud to announce that United Community Bank (UCB) is going to be merged into Bravera Bank. Pending regulatory approval and other customary conditions, this is expected to officially take effect November 2022. UCB has locations in Minot, Burlington, Drake and Leeds.

Bravera took over ownership of UCB in 2015 while leaving UCB to operate independently. While UCB has been a Bravera company for seven years, taking on the Bravera name and merging into the same systems means a greater depth of services for customers. For example, customers will have the convenience of using services at any of Bravera’s locations throughout North Dakota, Montana and soon Minnesota. In addition, Bravera Wealth is currently located in the same building as UCB in Minot and will remain.

“We’ve worked together for quite a while and are glad to take this next step forward. This collaboration improves the experience of those we serve as well as our employees,” said Greg Vetter, president of client services and interim president/CEO of UCB.

“This is an exciting shift for our customers and our team,” said Kelly Perrin, UCB Minot market president. “We are able to provide additional resources, products and services in banking, wealth and insurance areas as well as give customers access across a greater footprint.”

UCB’s same local, friendly staff is available to assist customers throughout the transition.

To learn more about Bravera, visit bravera.bank

Starion Bank


  Starion Bank mortgage banker named to three prestigious Top Originator lists

Starion Bank Mortgage Banking Supervisor Kassy Landis has been named to three distinguished lists of America’s top mortgage bankers. The Scotsman Guide named Landis in their Top Originators of 2021 and Top Women Originators of 2021 lists. Mortgage Executive Magazine named Landis as one of the Top 1% of Mortgage Originators of 2021. 

Kassy Landis 2018 crop   Picture: Kassy Landis 

Landis, who is based in Bismarck, has been a mortgage banking officer since 2012. She joined Starion in 2006 as a Universal Banker, advanced to Business Banking Representative in 2007, and became a mortgage underwriter in 2008.

Her area of expertise is residential mortgage lending, including conventional loans, NDHFA First Time Home Buyer programs, FHA, VA, Construction, Lot, Bridge, Home Equity and jumbo loans, allowing Landis to help home buyers determine the financing that best fits their needs.  

Landis earned an associate degree from Bismarck State College and a bachelor’s degree from Dickinson State University, both in business administration. She served as a member of 2021-2022 City of Bismarck Special Assessments Task Force volunteer and currently serves as a member of Bismarck-Mandan Professional Women in Building, and as an affiliate member of both the Bismarck-Mandan HBA and Bismarck-Mandan Board of Realtors.

Scotsman Guide previously recognized Landis as one of the Top Women Originators and Top Originators in 2020. She was also recognized by Mortgage Executive Magazine in their Top 1% of Mortgage Originators for 2015, 2016, 2019 and 2020.

The Scotsman Guide is a source of news and research to keep mortgage professionals informed about important trends and topics in the industry. They provide finance tools, industry news, market data and research to help mortgage originators grow their networks.

Mortgage Executive Magazine annually compiles a comprehensive list of the nation’s top one percent of mortgage originators in the United States in order to recognize and celebrate their service, dedication and hard work it takes to serve clients during the home loan process.

About Starion Bank

Starion Bank is a $1.7 billion family-owned community bank and financial services organization. Established in Oakes, N.D., in 1969, Starion has 16 locations in Bismarck-Mandan, Bottineau, Dunseith, Ellendale, Fargo, Oakes and Rolla, N.D.: and Middleton, Monona and Sun Prairie, Wis.