Bell Bank gives Minnesota employees a bumper bonus, boosts charitable giving

The bank is celebrating reaching a financial milestone.
Publish date:

It'll be a happy Christmas for the hundreds of Minnesotans employed by Bell Bank, who will receive an increase in their annual bonus.

The Fargo-based bank, which has corporate offices in Golden Valley and bank branches across the state of Minnesota, announced bumper bonuses at its holiday party on December 1.

Each year, Bell Bank workers are given an annual bonus that is based upon bank performance.

However, this year full-time workers will be given an extra $2,500 on top of their regular bonus, while part-time workers will receive an extra $1,000.

The bonus boost is coming, the company told BMTN, in honor of the bank's "growth and success in reaching the milestone of $5 billion in assets."

The bank has more than 1,200 employees nationwide, of which over 500 are in Minnesota.

But that's not the only thing that's increasing. Bell has also announced it will be giving each employee extra money to donate as part of its popular Pay It Forward campaign.

Sign up: Subscribe to our daily newsletters

This sees full and part-time employees given a sum, usually $1,000 and $500 respectively, to hand out to individuals, families and organizations in need.

This year, full-time workers will get to dish out $2,500 to the needy and worthy, with part-timers getting $1,000.

The Pay It Forward program was launched in 2007 by CEO Michael Solberg, who was inspired by Oprah Winfrey's Pay It Forward project.

Since then, more than $12 million has been given out by Bell Bank employees to causes and people of their choice.

A Bell spokesperson wasn't able to confirm whether the recent corporate tax cuts played a role in the increased bonuses/Pay It Forward funds, but said she doesn't believe that's the case.

Next Up

covid-19, vaccine

Minnesota changes vaccine appointment process, here's what to know

Walz also announced plans for a mass vaccination event at Xcel Energy Center.

covid-19, coronavirus

Here is Minnesota's COVID-19 update for Monday, Jan. 25

The latest figures from MDH have been released.

covid-19, vaccine

Minnesota health leaders say state's vaccine progress better than figures suggest

Minnesota is lagging behind national vaccination rates, but MDH leaders say this is because it's holding 2nd doses in reserve.

target store

Target announces bonuses ranging from $500-$2,000 for 375,000 workers

The bonuses are being provided following a booming holiday sales season.

dale olsen go fund me

Curling community rallies behind man who was shot in Minneapolis

Dale Olsen was shot in an apparent attempted robbery.


Willmar man's coworkers fundraise to help family after he was fatally shot

David Delfosse was working in his garage when he was killed by an errant bullet.

Governor Tim Walz

Governor Walz to announce 'sweeping' education plan Monday

The governor will address Minnesota at 2 p.m. Monday.

sun country

Sun Country adds 9 more flights out of MSP Airport

The new additions include large cities and popular outdoor destinations.

Zach Parise

Ghosts of Wild's past force split with Sharks

Brent Burns and Ryan Donato thwarted a comeback attempt by the Wild.


U.S. Bank will give $1,000 bonus to about 60,000 workers as a result of tax bill

The company is also increasing its minimum wage for hourly employees.

Bremer bank

St. Paul's Bremer Bank could be sold amid internal split

The trust that controls it can't agree on a strategy with the bank's board.

Minnesota U-Haul workers to get $1,200 bonuses

The rental company says it's in response to the recently-passed tax bill.

Minnesota's TCF Bank to merge with Detroit-based bank

The TCF name is staying, with Detroit's Chemical Bank changing its name.

target store

Target will give store workers another $200 bonus

The company has invested about $1 billion in its employees since the pandemic began.

US Bank

U.S. Bank closes 8 Minnesota branches permanently

The bank announced last month it would be accelerating its branch closures.

US Bank

U.S. Bank to review firing of 2 workers who broke rules to help customer

The Minneapolis-based bank was the subject of a scathing column in the New York Times.