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Western Equipment Finance

Our Advantage

Western Equipment Finance is a full service commercial equipment finance company providing both leasing and conventional financing solutions. Specializing in creating superior and competitive financing solutions, customers will understand the “Western Advantage” right from the start. Our commitment to superior customer service is a main priority.

Our experience and capabilities in developing vendor programs are validated by our track record of delivering results. Our program development and implementation process is designed to ensure that your organization's strategic and tactical objectives will be met with a fully customized financing solution.


Creative Flexible Financing Solutions

Competitive Rates

Fast, Hassle Free Customer Service

Reliable, Experienced & Trusted


Western Equipment Finance, a division of Western State Bank, began financing commercial equipment nationwide in 1990. Western State Bank’s roots go back to 1902 when the Bank of Webster was chartered with a capital stock of $10,000. In 1966, a group of individuals from Devils Lake were enlisted to purchase the Bank of Webster. On January 16, 1968, the corporate name and headquarters of the Bank of Webster, Webster, North Dakota, changed to Western State Bank, Devils Lake, North Dakota. At that time, the bank had $600,000 in total assets and 125 checking accounts.

The bank in West Fargo opened in February 1999 and is a community-focused, full-service banking operation. In 2007, another convenient location opened in Fargo.

In 2000, an Employee Stock Ownership Plan was formed, allowing the employees to invest in the company they make successful every day. The response was overwhelming with employees committing 84% of their retirement stock to purchase company stock.

In January 2008, Western State Bank established a Loan Production Office in Chandler, Arizona, which was converted into a full-service banking facility in April 2009. Western introduced our community banking values to meet the financial needs of the businesses and residents in the growing Chandler and East Valley communities.

In June 2012, Western acquired a bank in Casa Grande, Arizona, establishing the second Arizona location. In May 2013, Western experienced additional growth in the Arizona market when a bank was acquired in Scottsdale, Arizona.

In July 2015, Western established its fourth Arizona location in Sun City, Arizona. 

In January 2017, Western established its fifth Arizona location in Sun City West, AZ.

In March 2019, the bank opened its sixth Arizona location in Mesa, AZ.

In the summer of 2020, Western Equipment Finance opened a second office in Marshall, MN.

In July 2021, the bank opened its seventh Arizona location in Deer Valley, AZ.

Western’s Board of Directors consists of Ray Horne, Brian Houkom, Gary Lochow, Todd Heilman, Brad Jacobson, Brett Johnston, Andy Strand, Steve Daley, and Laurie Bakke.

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