About North Star Bank

North Star Bank is an independent, locally owned bank with a proud tradition of sound management and integrity. Established in 1947, we have been continuously committed to providing quality, customized banking service for personal and commercial financial needs. When you bank with us, your money is reinvested into the community in which you live and work… and in people just like you.

History

In an area that seemed far north of the St. Paul city proper, a group of local businessmen saw a need for banking services. The area was made up mostly of farm and prairie land plus land owned by the University of Minnesota. But these businessmen saw the potential for future growth. The first stockholders meeting of Falcon Heights State Bank was held on January 13, 1947. On February 3, 1947, Falcon Heights State Bank opened in a shopping center on the southeast corner of Snelling and Larpenteur Avenues.

By 1969, the bank had outgrown its facilities and began an ambitious expansion and relocation plan. Property was sought that could accommodate a financial institution with the most modern and up-to-date banking concepts – including electronic drive-up facilities. After two years of hard work, the bank moved into a new 15,000 square-foot facility at 1820 North Lexington Avenue in Roseville. The “Bank in the Round” was constructed to conserve and improve upon the beauty of the area and become the “Bank in the Park.” Along with the move came a new name – the North Star State Bank of Roseville.

In September of 1985, North Star State Bank again remodeled its facilities to meet the needs of a growing customer base. The bank was completed in July of 1986. On March 24, 1989, the bank opened its first branch office in a temporary facility in White Bear Lake.
On October 9, 1990, North Star State Bank of Roseville officially changed its name to North Star Bank. A beautiful new building was built to house the White Bear Lake office. It was opened August of 1991.

2004, North Star Bank is very fortunate, once again, to meet the needs of a growing customer base by remodeling the Roseville bank. The remodeled bank is a wonderful place to continue serving the community we’ve been a part of for more than 70 years.

Commercial Lenders

Jack Ritt

Chairman of the Board/Chief Executive Officer

Jack graduated from Cretin in 1959 and went on to graduate from Georgetown University in 1963 with a BSBA in Economics and Marketing. With over 59 years in the banking industry my passion is helping others realize the vision they have for their family, education and business. I would be pleased to introduce you to my colleagues and I personally invite you to “experience the difference, experience North Star Bank”.

Lane Peterson

President of North Star Bank

A graduate of Concordia College- Moorhead and the ABA Stonier Graduate School of Banking, with over 30 years of experience in community banking and experienced in all areas of commercial lending and bank management.

Frank Fuller

Senior Vice President, Commercial Loan Manager

(651) 487-4403

FFuller@northstarbank.com

A graduate of St. Cloud State University with over 30 years of banking experience, Frank has an extensive commercial lending background along with executive bank management experience. He is a customer advocate and provides guidance to his customers along with proper financing to ensure a high probability of success for his client base.

Steve Ritt

Senior Vice President, Commercial Lending

SRitt@northstarbank.com

Steve has been in the Commercial Lending Department at North Star Bank for over 12 years. He is a graduate of St. Cloud State University, and earned Cum Laude honors while achieving a Bachelor of Science degree with a concentration in Marketing. He currently serves as the Banks Chief Investment Officer and helps facilitate loans of all types. Steve volunteers his time at the Century College Foundation, where he serves as President, and is a member on several other committees including the Alumni association.