BankStar Financial Announces Expansion to Lake Norden
Community bank plans fourth location, reinforcing commitment to local communities and relationship-focused banking
LAKE NORDEN, S.D. – BankStar Financial is excited to announce plans to establish a new branch in Lake Norden, South Dakota, marking an important step in the bank's continued growth and long-term commitment to serving local communities throughout eastern South Dakota.
The new facility, designed by Lily Design and constructed by SoDak Companies, represents a significant milestone for BankStar Financial and will become the organization’s fourth location upon completion.
For 100 years, BankStar has focused on building relationships, supporting local growth, and helping customers achieve their financial goals. The planned Lake Norden location reflects the bank's confidence in the community and its desire to bring their personalized approach to even more individuals, families, businesses, and agricultural operations.
"We're excited about the opportunity to grow alongside the Lake Norden community," said Don Greiner, president & CEO. "Lake Norden is a vibrant community with strong values and tremendous potential. As a community bank, we're committed to investing in the places we serve, and we look forward to building meaningful relationships and helping our neighbors grow something bright for years to come."
The future branch will offer a full range of personal, business, and agricultural banking services, combining modern banking conveniences with the trusted local service BankStar customers have come to expect. The bank looks forward to becoming an active community partner and supporting initiatives that contribute to the area's long-term success.
"At BankStar, we believe community banking is about more than financial services," said Chuck Hegerfeld, past president. "It's about investing in people, supporting local businesses, and helping communities thrive. We're excited to take this next step and become part of Lake Norden's bright future."
Additional details, including hiring opportunities and a grand opening celebration in summer 2027, will be shared as the project progresses.
For more information about BankStar Financial, visit ebankstar.bank or call 855-BNKSTAR (855-265-7827).
About BankStar Financial
BankStar Financial is a locally-owned community bank dedicated to brightening people's lives through trusted financial guidance, strong relationships, and exceptional customer service. BankStar currently serves Elkton, Brookings, and Volga with personal banking, business banking, agricultural lending, and mortgage services. Guided by its commitment to helping customers and communities grow something bright, BankStar continues to invest in the people and places it serves.
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BankStar Groundbreaking Group Photo: (L-R) Greg Fargen, board chair; Jeremy Ackerman, CFO, Lynda Pierce, owner, Lily Design, Ty Eschenbaum, board member; Julie Puetz, Market President – Brookings; Don Greiner, President/CEO; Chuck Hegerfeld, former CEO and current board member; Amanda Lauer, board member; Fred Hegerfeld, former board member; Jen Olson, Business Banker; Clay Bastian, Branch Manager – Volga; Jodie Louwagie, Continuous Improvement Manager; John Heylens, Market President – Elkton & Volga; Jason Hansen, Business Development Officer; Kelan Bludorn, owner, SoDak Companies.
BankStar Building Design Images: courtesy of Lily Design.