FARGO, N.D. • Bell Bank said it has entered into an agreement to purchase a 12-story building in Fargo.
Located at 520 Main Avenue, situated at the south end of Broadway and overlooking downtown Fargo and Island Park, the 105,000-square-foot property, built in 1973, includes two levels of parking below the building, as well as a drive-up banking structure.
Bell Bank president and CEO Michael Solberg said in making the announcement that Bell Bank plans to completely remodel the building beginning in 2022 and reopen it in late 2023.
As Bell’s new corporate headquarters, the tower project will house around 300 employees, including customer-facing professionals, plus Bell’s executive team and some administrative functions.
Solberg said he and Bell’s leadership team envision a growing Bell Bank footprint in Fargo’s revitalized downtown area. He also expects Bell’s support teams to continue to fill locations including the bank’s current headquarters at 3100 13th Ave. S., Fargo.
"We remain committed to keeping our headquarters here in Fargo, and our purchase of this major downtown space reflects that,” Solberg said. “As we open new bank branches and mortgage offices in regions across the country, we are hiring people to support all of our teams and customers. This local expansion helps sustain our continued growth.”
Bell's leaders plan to completely renovate the downtown building’s interior and exterior – including all-new lobby, teller line, customer service and office areas, reflective exterior surface and window cladding, a main entrance canopy, the addition of meeting and hospitality spaces, and outdoor patios.