At Stearns Bank, diversity, equity and inclusion are more than initiatives — they are guiding pillars that empower employees and communities alike. From driving financial empowerment to building a culture of belonging, the bank demonstrates how leadership and innovation can drive meaningful change.... read more

Jan/Feb 2025

“Equipment finance offers numerous paths, and exploring each one will help you grow. Always ask questions — seek to understand the ‘why’ behind everything. Equipment finance has the potential to offer you as much as you desire, so pursue your goals and enter every situation or discussion with a positive attitude!"... read more

Nov/Dec 2024

Stearns Bank added Adrian Hebig to its equipment finance division as a national sales director, according to a LinkedIn post from the company. read more

NOV 25, 2024 - 5:55 am

Stearns Bank expanded its leadership team with the addition of Bob Stark as president of its equipment finance division (EFD), reporting to Heather Plumski, Stearns Bank’s executive vice president, chief financial and strategy officer. read more

OCT 10, 2024 - 6:14 am

The American Association of Commercial Finance Brokers (AACFB) released the list of inaugural members of its newly developed industry advisory council at the AACFB Commercial Financing Expo in New Orleans last week. read more

SEP 12, 2024 - 6:32 am

VersaBank received approval from the Office of the Comptroller of the Currency (OCC) to proceed with its proposed acquisition of Stearns Bank Holdingford. This is the second and final U.S. regulatory approval required for VersaBank to proceed with the acquisition. read more

JUN 17, 2024 - 6:36 am

Stearns Financial Services (SFSI) has received approval from the Federal Reserve for the acquisition of one of its affiliate locations, Stearns Bank Holdingford, by Canada-based VersaBank. read more

JUN 11, 2024 - 6:33 am

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Jan/Feb 2024

Stearns Bank added John C. Sizer and Lea Márquez Peterson to its board of directors. Sizer and Peterson have experience in audit and regulatory oversight, economic and entrepreneurial empowerment and corporate leadership. read more

OCT 25, 2023 - 7:02 am

Stearns Bank joined the sponsor bank community of Synctera, a banking-as-a-service platform and provider of embedded finance solutions. read more

SEP 20, 2023 - 6:50 am

Stearns Bank acquired a majority stake in Contract Capital Corporation, a provider of specialized financing services to managed service providers. read more

SEP 15, 2023 - 6:42 am

Stearns Bank recently launched nonprofit banking solutions, a suite of customized banking services and financing options designed specifically to meet the needs of nonprofits. read more

AUG 23, 2023 - 6:41 am

Stearns Bank has partnered with Sardine, a provider of risk management and compliance solutions, to enhance Stearns Bank's fintech program. read more

MAY 25, 2023 - 6:54 am

Stearns Bank has deployed Truepic's Vision platform to ensure authenticity of media at the point of capture, allowing real-time inspections of equipment finance borrowers anywhere in the world and cutting its borrowers' wait times by 4.8 days per loan or 3,746 days collectively this year. read more

SEP 23, 2021 - 6:03 am

Stearns Bank added a specialized banking team consisting of Michael O’Neill and compliance managers Stacey Morgan, Paris Davis and Jeanice Varner. O’Neill will lead the team, which has more than 25 years in specialized compliance and risk mitigation. read more

AUG 17, 2021 - 6:25 am