Fargo-based BlackRidge Financial plans to establish a bank in Fargo's Woodhaven Development.
If regulators approve, the new BlackRidge Bank would open in late spring or early summer at 4040 42nd St. S. in the Woodhaven Plaza.
"This is a wonderful opportunity," said Jon Kretchman, who has been named president of the bank.
The bank - which will have the equivalent of seven full-time employees - has also been advertising for other positions.
Fargo/West Fargo banking deposits are growing, and the market is expanding geographically, said Mark Anderson, president of BlackRidge Financial.
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That creates opportunities for new banks, he said.
"There's definitely room for more," he said.
Cornerstone Bank is the most recent bank to come to Fargo, opening in November in south Fargo.
