News



Larson family of Starion Financial wins Family Business of the Year


Bismarck-Mandan award named after founder Frank Larson

The Prairie Family Business Association (PFBA), an outreach program of the Beacom School of Business at the University of South Dakota, recently presented the 2012 Vicki Clarke Prairie Family Business of the Year Award to the Larson family of Starion Financial and announced that the Bismarck-Mandan award will be named after bank founder Frank Larson.

The PFBA presented the Larson family with the Vicki Clarke award during the 20th Annual Prairie Family Business Conference Award Banquet in Sioux Falls, S.D., on Thursday, March 29.

“This award demonstrates the vision and commitment of every member of our organization,” President and CEO Craig Larson said. “Our directors and staff work hard to rise above the competition and contribute to the communities in which we live and work.”

Last summer, the Larsons received the Family Business of the Year Award for Bismarck-Mandan, which made them eligible for the Vicki Clarke award, the top honor from the regional PFBA in this category.

The Clarke family of County Fair Foods in Mitchell, S.D., endowed the award in memory of Vicki, who served on the PFBA’s Advisory Board prior to her death in 2006. This is the second year for the award, which recognizes and celebrates the contributions of family business.

Franklin G. Larson Excellence in Family Business Award

The Prairie Family Business Association announced that the Family Business of the Year Award for Bismarck-Mandan, which Starion Financial received last summer, has been renamed the Franklin G. Larson Excellence in Family Business Award.

Frank and JoAndrea Larson founded Starion Financial in Oakes, N.D., in 1969 and Frank Larson continues to serve as chairman of the bank’s board of directors.

By naming the award after Larson, the PFBA connotes “his honest and moral behavior, positive and optimistic character, visionary leadership, and his commitment to the communities he serves.”

“It’s been an absolute joy to work with my father for the past 27 years,” Craig Larson said. “I believe Frank truly exemplifies what family business should be about, and it is tremendously meaningful to me, my family and our company that his name will be on this award.”

The Franklin G. Larson Excellence in Family Business Award will be presented on May 14 in conjunction with the Family Business Legacy Tour and Award program in Bismarck. The event will begin with a tour of Hedahl’s Parts Plus, followed by a dinner program at the Radisson Hotel. To nominate a family business for the award or to purchase tickets, visit www.fambus.org or call the North Dakota office at 701-223-3184.

The PFBA was founded in 1993 with a mission to build relationships that promote healthy families and successful businesses through education, research and peer interaction. It assists family firms in balancing the unique challenges of blending family and business. Together with its corporate sponsors, the PFBA offers an annual conference, the Legacies of Family Enterprise and Awards programs, an annual two-day family business retreat and monthly webinars on critical family business issues. Books, video/audio tapes and articles are also available to check out from the PFBA resource library. More information is available on their website at www.fambus.org.

Starion Financial is a $925 million family-owned community bank and financial services organization. The company began in Oakes, N.D., in 1969 and has 13 locations throughout Bismarck-Mandan, Bottineau, Dunseith, Rolla, Ellendale, Oakes and Fargo, N.D., and Middleton, Wis.