Northern State Bank of Virginia

Northern State Bank of Virginia is an independent community bank headquartered in Virginia, MN, where it has operated for more than 60 years. It takes a relationship-based approach to lending, which is typical of smaller community institutions serving local markets. For business borrowers, the bank offers a range of commercial products including lines of credit, term loans, commercial real estate financing, construction finance, and equipment finance. Specific rates, minimums, and qualification criteria are not publicly disclosed, so prospective borrowers will need to contact the bank directly to get a clear picture of terms. The bank earned a Bauer Financial 5-Star rating in 2021, a recognized measure of financial strength. Northern State Bank appears best suited for businesses in its local Minnesota market that value a direct, relationship-driven lending experience over a high-speed digital process.