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Pioneer Editorial: Applause for employee ownership

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It’s been quite festive at First National Bank Bemidji this week as the company’s owners have been celebrating ESOP month with a rodeo theme complete with costumes, games and food.

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ESOP stands for Employee Stock Ownership Plan. First National is one of several ESOP businesses in the Bemidji area. The bank has been employee owned for 28 years.

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