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In COVID-19 Aftermath, Uncertainty Gives Way to Cautious Optimism
While the pandemic continues, and its economic impacts are certainly real, we are feeling much better about the financial outlook than we did in the spring. Michael Solberg, Bell Bank’s president and CEO, says he is cautiously optimistic that this crisis won’t be as bad as the Great Recession. Read on to find out why.
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Ag Economy Experts Discuss Impact of COVID-19
While, due to COVID-19, we had to cancel our 2020 Ag Symposium featuring Dr. David Kohl, one of the nation’s leading authorities on ag economics, and Lynn Paulson, Bell’s director of agribusiness development, we still wanted to find a way to bring you their expert insight.
Read our article where David and Lynn discussed the impact the pandemic is having on producers and the ag economy and learn what they recommend producers do to weather this storm of uncertainty. Plus, David explains the 3 phases of this “black swan” event.
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Will You Win This Bell Bank Golf Cart?
We’re still trying to give away a Bell Bank golf cart! While, due to COVID-19, it was available to win at fewer events this year, you still have one more chance – at the Sept. 28, 2020, tournament at Des Moines Golf and Country Club, 1600 Jordan Creek Parkway in Des Moines, Iowa.
If you hit a hole in one, you could win the pictured golf cart! If no one wins, we plan to roll it out again next year. See our official rules at bell.bank/golfcart, and we hope to see you on the course!
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August Economic Outlook
In this month’s Economic Outlook, Greg Sweeney, Bell’s chief investment officer, shares his insights on interest rates, inflation and economic growth in the U.S.
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Quarterly Financial Report
What a roller coaster 2020 has been so far! Despite the pandemic and the events surrounding it, Bell Bank continues to show strong numbers and a record first 6 months of earnings and growth, and our mortgage division continues to set records month after month. Record earnings have helped Bell to substantially prepare for COVID-19-related unknowns. Through June 30, total loans are up more than $1.2 billion, which includes $583 million in Paycheck Protection Program (PPP) loans. Deposits over the same period are up more than $700 million, with $300 million associated with PPP funding.
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Call us for flexible underwriting, competitive rates and fast decisions.
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