For Kory Shae, 2024 started off in a milestone way as he was promoted to CEO of Border Bank at the turn of the year. We sat down with Shae to discuss his journey and new role, the next chapter of Border Bank, and so much more.
Banking has been a constant presence in Shae’s life. “Banking is in my blood,” the Ulen, MN, native said, noting that both his father and brother are bankers. His fascination with the world of banking stems from a combination of interest in both mathematics and client relations. This blend of interests naturally led him to a career in banking.
Border Bank From Then to Now
1935 – Greenbush State Bank is founded.
1985 – Greenbush State Bank celebrates 50 years in 1985.
1993 – Greenbush State Bank & Badger State Bank merge to create Border State Bank.
1995 – BSB Roseau branch opens.
1998 – BSB Baudette branch opens.
2000 – BSB International Falls branch opens.
2002 – First National Bank with locations in Thief River Falls and Middle River acquired.
2002 – BSB Thief River Falls and Middle River branches open.
2015 – First Advantage Bank in Coon Rapids is acquired.
2016 – BSB Coon Rapids branch opens.
2017 – First State Bank of Clearbrook is acquired.
2018 – BSB Clearbrook branch opens,
2018 – Union State Bank in Fargo, ND is acquired.
2020 – Border Bank name and branch launch.
2020 – Border Bank Fargo branch opens on 17th Avenue South.
2022 – Border Bank opens second Fargo branch on 32nd Avenue South.
2023 – Northern Ag Insurance is acquired.
2024 – Border Bank welcomes Kory Shae as their new CEO.
“I am grateful to take part in honoring the legacy while shaping the future of Border Bank. We are committed to continuing a rich tradition of community banking and service that endures for generations to come,” Shae said.
Shae earned his Bachelor of Science Degree in Finance from Moorhead State University Moorhead and his Master of Business Administration from North Dakota State University. He has over twenty years of experience in the financial services industry, primarily in business banking, and has served in a variety of leadership positions, most recently as chief banking officer and president.
When Kory Shae Discovered Border Bank
Shae’s introduction to Border Bank came about in an unconventional way. He was initially part of Union State Bank, which was acquired by Border Bank. “I was purchased in a merger and acquisition,” he said. During this process, he was impressed by Border Bank’s approach. He admired their commitment to staying relevant and investing in their brand, people, processes, and technology.
