PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 23, 2026, 9:13 PM ET

Sponsor Check › Issuer

Border Bancshares, Inc.

Corporation · organized in MINNESOTA · formed Over five years ago · GREENBUSH, MN · SEC CIK 1502736

7Form D filings
$8,178,310max total sold reported
32investors (max reported)
2010–2026filing years
3new offerings, last 12 mo

Data last updated: Oct 23, 2026, 5:45 PM ET · Latest filing by this issuer: Oct 22, 2026 · Courts (RECAP) last checked: not yet · SEC enforcement last checked: not yet

Key records

The five facts investors ask about first. Each section states what was searched and when. Items still in human review are not shown.

1. Lawsuits

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2. Regulatory actions

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Sources to be searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. State securities regulator actions: not yet searched. · Search queued. Results are added automatically; check back later or follow this page to be notified.

3. Bankruptcies

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Sources to be searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not yet searched. PACER: not searched (RECAP only). · Search queued. Results are added automatically; check back later or follow this page to be notified.

4. Differences between public sources

Coming soon.

What will be compared: what the sponsor says publicly (website, marketing materials, claimed profile) against what public records show — SEC Form D filings, Form ADV adviser registration, and state business records. Every comparison is reviewed by a person before it is published.

No comparisons published yet.

Sources to be compared: sponsor public claims · SEC Form D · SEC Form ADV (IAPD) · state business records · As of Oct 23, 2026, 9:13 PM ET.

5. Money to insiders and sales commissions

0 of 7 offerings report sales commissions; 0 report finder's fees; 0 report proceeds to related persons.

SourceOffering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell it
EDGAR ↗Oct 5, 2010 D
File 021-148542
$0$0$0None listed
EDGAR ↗Nov 23, 2011 D
File 021-169173
$0$0$0None listed
EDGAR ↗Oct 8, 2024 D
File 021-526148
$0$0$0None listed
EDGAR ↗Jun 3, 2025 D
File 021-547900
$0$0$0None listed
EDGAR ↗Oct 29, 2025 D
File 021-562430
$0$0$0None listed
EDGAR ↗Dec 31, 2025 D
File 021-568554
$0$0$0None listed
EDGAR ↗Oct 22, 2026 D
File 021-602091
$0$0$0None listed

As reported by the issuer on Form D (Items 12–15), latest filing per offering. "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates.

Offerings (SEC Form D)

Each filing as reported by the issuer. Open a row for the full plain-English detail.

Oct 22, 2026 D Commercial Banking — $549,991 sold of $1,499,992 · 1 investors EDGAR ↗
FilingForm D filed Oct 22, 2026
SEC file no. 021-602091 · accession 0001502736-26-000001
Raise progress$549,991 sold of $1,499,992 offered (37%) · $950,001 remaining
Filing timingDate of first sale: Oct 19, 2026 · Form D filed: Oct 22, 2026 (3 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale5 days (0.0 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors1 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredEquity
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byKory Shae, President, CEO & Director (Oct 21, 2026)
SourceThis filing on SEC EDGAR ↗ · retrieved from the EDGAR daily index
Dec 31, 2025 D Commercial Banking — $499,997 sold of $499,997 · 1 investors EDGAR ↗
FilingForm D filed Dec 31, 2025
SEC file no. 021-568554 · accession 0001502736-25-000005
Raise progress$499,997 sold of $499,997 offered (100%) · $0 remaining
Filing timingDate of first sale: Dec 31, 2025 · Form D filed: Dec 31, 2025 (0 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale297 days (0.8 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors1 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredEquity
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byKory Shae, President, CEO & Director (Dec 31, 2025)
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set
Oct 29, 2025 D Commercial Banking — $499,997 sold of $749,998 · 1 investors EDGAR ↗
FilingForm D filed Oct 29, 2025
SEC file no. 021-562430 · accession 0001502736-25-000004
Raise progress$499,997 sold of $749,998 offered (67%) · $250,001 remaining
Filing timingDate of first sale: Oct 23, 2025 · Form D filed: Oct 29, 2025 (6 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale366 days (1.0 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors1 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$25,000
Securities offeredEquity
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byKory Shae, President, CEO & Director (Oct 29, 2025)
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set
Jun 3, 2025 D Commercial Banking — $272,400 sold of $272,400 · 1 investors EDGAR ↗
FilingForm D filed Jun 3, 2025
SEC file no. 021-547900 · accession 0001502736-25-000003
Raise progress$272,400 sold of $272,400 offered (100%) · $0 remaining
Filing timingDate of first sale: May 20, 2025 · Form D filed: Jun 3, 2025 (14 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale522 days (1.4 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors1 total · issuer reported no non-accredited investors
Exemption claimedRule 506(c) — general advertising allowed; all investors must be verified accredited
Minimum investment accepted$0
Securities offeredEquity
Industry / issuer sizeCommercial Banking · revenue range: $1,000,001 - $5,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byHayden T. Cherry, Attorney (Jun 3, 2025)
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set
Oct 8, 2024 D Commercial Banking — $5,151,561 sold of $5,151,561 · 23 investors EDGAR ↗
FilingForm D filed Oct 8, 2024
SEC file no. 021-526148 · accession 0001502736-24-000003
Raise progress$5,151,561 sold of $5,151,561 offered (100%) · $0 remaining
Filing timingDate of first sale: Sep 24, 2024 · Form D filed: Oct 8, 2024 (14 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale760 days (2.1 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors23 total · issuer reported no non-accredited investors
Exemption claimedRule 506(b) — no general advertising; up to 35 non-accredited investors allowed
Minimum investment accepted$5,000
Securities offeredEquity
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byKory Shae, President, CEO & Director (Oct 8, 2024)
Market contextMinimum investment: $5,000. Typical range for similar offerings: $29,900–$250,000.
Offering size: $5,151,561. Typical range: $7,000,000–$35,000,000.
Investors: 23. Typical range: 6–28.
"Similar" = Commercial Banking offerings claiming 506(b) filed in the last 5 years (624 filings); ranges are the middle half (25th–75th percentile). No ranking or score.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set
Nov 23, 2011 D Commercial Banking — $860,000 sold of $2,500,000 · 15 investors EDGAR ↗
FilingForm D filed Nov 23, 2011
SEC file no. 021-169173 · accession 0001502736-11-000001
Raise progress$860,000 sold of $2,500,000 offered (34%) · $1,640,000 remaining
The first closing has not yet occurred. These amounts are being held once the minimum offering amount is reached.
Filing timingDate of first sale: Nov 9, 2011 · Form D filed: Nov 23, 2011 (14 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale5,463 days (15.0 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors15 total · issuer reported no non-accredited investors
Exemption claimed06
Minimum investment accepted$100,000
Securities offeredEquity; Option, warrant or other right to acquire
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byRobert J. Hager, Chief Executive Officer (Nov 23, 2011)
Market contextMinimum investment: $100,000. Typical range for similar offerings: $29,900–$250,000.
Offering size: $2,500,000. Typical range: $7,000,000–$35,000,000.
Investors: 15. Typical range: 6–28.
"Similar" = Commercial Banking offerings claiming 506(b) filed in the last 5 years (624 filings); ranges are the middle half (25th–75th percentile). No ranking or score.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set
Oct 5, 2010 D Commercial Banking — $8,178,310 sold of $9,625,000 · 32 investors EDGAR ↗
FilingForm D filed Oct 5, 2010
SEC file no. 021-148542 · accession 0001502736-10-000001
Raise progress$8,178,310 sold of $9,625,000 offered (85%) · $1,446,690 remaining
Offering complete.
Filing timingDate of first sale: Sep 30, 2010 · Form D filed: Oct 5, 2010 (5 days after first sale)
Rule: a Form D is generally due within 15 days after the first sale. Both dates are shown as reported; no conclusion is drawn.
Time since first sale5,868 days (16.1 years)
Annual amendmentsIssuer reported the offering is not expected to last more than one year.
Rule: an ongoing offering generally files an amendment at least annually. Dates shown as reported; no conclusion is drawn.
Investors32 total · issuer reported no non-accredited investors
Exemption claimed06; 46
Minimum investment accepted$0
Securities offeredEquity; Option, warrant or other right to acquire
Industry / issuer sizeCommercial Banking · revenue range: $25,000,001 - $100,000,000
Who is paid to sell itNo sales compensation recipients listed on this filing.
Money to insidersSales commissions: $0 · Finder's fees: $0 · Proceeds to officers, directors, promoters: $0
Signed byRobert J. Hager, Chief Executive Officer (Oct 4, 2010)
Market contextMinimum investment: $0. Typical range for similar offerings: $29,900–$250,000.
Offering size: $9,625,000. Typical range: $7,000,000–$35,000,000.
Investors: 32. Typical range: 6–28.
"Similar" = Commercial Banking offerings claiming 506(b) filed in the last 5 years (624 filings); ranges are the middle half (25th–75th percentile). No ranking or score.
SourceThis filing on SEC EDGAR ↗ · retrieved from the SEC Form D bulk data set

All Form D filings for this CIK on SEC EDGAR ↗. History: 3 new offerings in the last 12 months · most recent filing Oct 22, 2026.

Key people (related persons as listed on Form D)

NameRelationshipAddress stateOn filingsAlso listed on
DAVID FELCHDirectorMNOct 22, 2026—
GABRIEL MOONEYDirectorMNOct 22, 2026—
JAMES WILDEDirectorMNOct 22, 2026—
KORY SHAEExecutive OfficerMNOct 22, 2026—
MARK FROSAKERDirectorMNOct 22, 2026—
MARK KARLDirectorMNOct 22, 2026—
MARK THUNEDirectorMNOct 22, 2026—
WAYNE CZEHDirectorMNOct 22, 2026—
David FelchDirectorMNJun 3, 2025 → Dec 31, 2025—
Gabriel T MooneyDirectorMNOct 8, 2024 → Dec 31, 2025—
James T WildeDirectorMNOct 8, 2024 → Dec 31, 2025—
Kory T ShaeExecutive Officer, Director
President & CEO; Director
MNOct 8, 2024 → Dec 31, 2025—
Mark L FrosakerDirectorMNOct 8, 2024 → Dec 31, 2025—
Mark T KarlDirector
Chairman
MNOct 8, 2024 → Dec 31, 2025—
Mark T ThuneDirectorMNOct 8, 2024 → Dec 31, 2025—
Wayne CzehDirector
Vice Chairman
MNJun 3, 2025 → Dec 31, 2025—
David L FelchDirectorMNOct 8, 2024 → Oct 29, 2025—
Wayne L CzehDirector
Vice Chairman
MNOct 8, 2024 → Oct 29, 2025—
Gabriel MooneyDirectorMNJun 3, 2025—
James WildeDirectorMNJun 3, 2025—
Kory ShaeExecutive Officer, Director
President & CEO; Director
MNJun 3, 2025—
Mark FrosakerDirectorMNJun 3, 2025—
Mark KarlDirector
Chairman
MNJun 3, 2025—
Mark ThuneDirectorMNJun 3, 2025—
Tammy StantonExecutive Officer
Secretary & Treasurer
MNJun 3, 2025—
Travis IngebrigtsonExecutive Officer
Chief Financial Officer
MNJun 3, 2025—
Brian J. MacLellanDirectorMNNov 23, 2011—
Bryan K. GroveDirectorMNNov 23, 2011—
Daniel D. CarriereDirectorMNNov 23, 2011—
Darrell Borgen entityExecutive Officer, DirectorMNOct 5, 2010 → Nov 23, 2011—
David L. EggeDirectorMNNov 23, 2011—
Dean A. CarlsonExecutive Officer, DirectorMNOct 5, 2010 → Nov 23, 2011—
Dennis T. BrazierDirectorMNNov 23, 2011—
Gerald B. DvergstenDirectorMNNov 23, 2011—
Jay P. SchulerDirectorMNNov 23, 2011—
Jim W. WildeDirectorMNNov 23, 2011—
Jon L. MillerDirectorMNOct 5, 2010 → Nov 23, 2011—
Mark A. ThuneDirectorMNNov 23, 2011—
Robert J HagerExecutive OfficerMNNov 23, 2011—
Tammy F BlawatExecutive OfficerMNNov 23, 2011—
Wayne C. BradleyDirectorMNNov 23, 2011—
Wayne L. CzehDirector
Vice Chairman
MNOct 5, 2010 → Nov 23, 2011—
William I. HagenDirectorMNOct 5, 2010 → Nov 23, 2011—
David D. CarriereDirectorMNOct 5, 2010—
David L. BorgenDirectorMNOct 5, 2010—
Fred L. ManuelDirectorMNOct 5, 2010—
Kenneth E. JustDirectorMNOct 5, 2010—
Patrick F. LorensonExecutive Officer, DirectorMNOct 5, 2010—
Robert J. HagerExecutive Officer, DirectorMNOct 5, 2010—
Tammy F. BlawatExecutive Officer, DirectorMNOct 5, 2010—

Executive officers, directors and promoters as self-reported by the issuer. Licensed persons: FINRA BrokerCheck ↗ · SEC IAPD ↗.

Connections

No other issuers list the same related persons.

Shared address: this business address appears on no other issuer's filings in our index.

Adviser registration (Form ADV)

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Public profiles

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