Divisions and Affiliate Companies

Bell State Bank & Trust offers our customers expanded services and greater options for financial security through various divisions and affiliated companies. Bell Mortgage became a division of Bell State Bank & Trust in 2011. HealthcareBank, a division of Bell State Bank & Trust, is a custodian of funds in health savings and flexible benefit accounts. Discovery Benefits is an affiliated company that administers flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs)  COBRA and transportation benefit plans for businesses across the country.

Bell Mortgage

In 2011, Minneapolis-based Bell Mortgage became a part of what was then State Bank & Trust, in a history-making venture for both companies. Bell Mortgage has literally been a part of Minnesota since the state’s infancy. The oldest and largest independent mortgage banking company in Minnesota, it was founded in 1880 by early Minneapolis leader David C. Bell. Since then, Bell Mortgage has added locations throughout the Twin Cities and in Phoenix, developed its own proprietary technology for processing and underwriting, and has thousands of family mortgages to its name.

In 2012, State Bank & Trust rebranded as Bell State Bank & Trust, taking on the Bell name to give a more unique identity to a known and respected regional brand. Bell State Bank & Trust and its Bell Mortgage division have developed large commercial and mortgage loan volumes in the Twin Cities, an area of anticipated future growth.

The Business Bank and Prime Mortgage

In early 2013, Bell State Bank & Trust announced its intention to acquire The Business Bank and Prime Mortgage, both based in Minneapolis. Formed in 1999, The Business Bank acquired Prime Mortgage in 2007 to widen its range of products and combine resources to continue to grow.

Prime Mortgage was founded in 1985, growing from a single small office in Edina to multiple offices around the Twin Cities and a seasonal office in Naples, Florida. Prime Mortgage has ranked as one of the largest independent mortgage companies in Minnesota.


HealthcareBank is one of very few banks nationwide to offer an HSA solution that seamlessly integrates HSAs with banking and investment services. Our turnkey HSA investment product requires no additional accounts to open and no additional user IDs and passwords to remember. Plus, your clients’ dollars move automatically to and from the investment account.

HealthcareBank’s benefit banking solutions are unique from national competitors, as they serve to leverage the strengths of the administrator while HealthcareBank remains a silent partner, supporting customer’s HSA custodial needs.

HealthcareBank is a division of Bell State Bank & Trust, based in Fargo, N.D.

Discovery Benefits

Discovery Benefits, an affiliate company of Bell State Bank & Trust, has provided employee benefits administration since 1987 and is a national leader in its field with clients in all 50 states. Services include cafeteria plans, flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), transportation fringe benefit plans, COBRA administrative services, retiree and custom billing, educational assistance plan administration and consolidated billing services.

Discovery Benefits’ mission is to transform the complexity of employee benefits administration with innovative solutions and extraordinary customer service delivered by empowered and knowledgeable employees. Discovery Benefits was named one of Business Insurance’s “Best Places to Work” two years in a row (2010 and 2011).

The combined resources of Discovery Benefits and HealthcareBank provide an unequaled and unparalleled level of employee benefit services for employers and their employees.

Discovery Benefits headquarters is located in Fargo. For more information, contact Discovery Benefits at 866-451-3399.



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