Stearns Lending history

1990 Stearns Bank and other banks form a holding company, Stearns Financial Services (SFSI) Total Assets: $136.8 million

1997 Stearns Bank opens a location in Scottsdale, Arizona Total Assets: $589 million

1998 Stearns Bank establishes a dedicated Small Business Administration (SBA) Division Total Assets: $674.6 million

1999 Stearns Bank opens the Financial Center in St Cloud, Minnesota Total Assets: $916.8 million

At 25, after working as a loan officer for 10 months, Glenn formed his own mortgage company Stearns Lending LLC. In 2002, Glenn's business acumen was honored with Ernst & Young's prestigious Entrepreneur of the Year Award.

In October of 2003, Glenn appeared on The Oprah Winfrey Show with his new bride Mindy.

By 2010, Stearns Lending LLC reached nearly $1 billion in monthly funded loan volume while experiencing record growth.

In 2011, Glenn was the youngest member ever inducted into The Horatio Alger Association of Distinguished Americans.

In 2013, Glenn became the youngest member elected to the Association's prestigious Board of Directors.A two-time cancer survivor, Glenn sold Stearns Lending prior to embarking on a multi-year sabbatical with his family.

Investment firm Blackstone owns 70% of Stearns, having acquired its stake in December 2015 from founder Glenn Stearns, who now owns 29%.

2016 Stearns Bank exceeds the benchmark of over $2 billion in assets Total Assets: $2.048 billion

His daughter Kelly Skalicky became president in 2018, and later was named president and CEO. Stearns Bank continues to extend its foundation of excellence with bank locations in Minnesota, Arizona and Florida.