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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 xfdHqAqU2aOY+w3H+8dfOA==

<SEC-DOCUMENT>0001502736-10-000001.txt : 20101005
<SEC-HEADER>0001502736-10-000001.hdr.sgml : 20101005
<ACCEPTANCE-DATETIME>20101005123035
ACCESSION NUMBER:		0001502736-10-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Securities Act Section 4(6)
FILED AS OF DATE:		20101005
DATE AS OF CHANGE:		20101005
EFFECTIVENESS DATE:		20101005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Border Bancshares, Inc.
		CENTRAL INDEX KEY:			0001502736
		IRS NUMBER:				411723231
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-148542
		FILM NUMBER:		101108352

	BUSINESS ADDRESS:	
		STREET 1:		133 N. MAIN STREET
		CITY:			GREENBUSH
		STATE:			MN
		ZIP:			56726
		BUSINESS PHONE:		218-782-4115

	MAIL ADDRESS:	
		STREET 1:		133 N. MAIN STREET
		CITY:			GREENBUSH
		STATE:			MN
		ZIP:			56726
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <testOrLive>LIVE</testOrLive>

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        <cik>0001502736</cik>
        <entityName>Border Bancshares, Inc.</entityName>
        <issuerAddress>
            <street1>133 N. MAIN STREET</street1>
            <city>GREENBUSH</city>
            <stateOrCountry>MN</stateOrCountry>
            <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
            <zipCode>56726</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>218-782-4115</issuerPhoneNumber>
        <jurisdictionOfInc>MINNESOTA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
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        <entityType>Corporation</entityType>
        <yearOfInc>
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    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>J.</middleName>
                <lastName>Hager</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patrick</firstName>
                <middleName>F.</middleName>
                <lastName>Lorenson</lastName>
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            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Tammy</firstName>
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                <lastName>Blawat</lastName>
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                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
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                <firstName>Dean</firstName>
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                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>D.</middleName>
                <lastName>Carriere</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Wayne</firstName>
                <middleName>L.</middleName>
                <lastName>Czeh</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
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            <relatedPersonRelationshipList>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>I.</middleName>
                <lastName>Hagen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kenneth</firstName>
                <middleName>E.</middleName>
                <lastName>Just</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Fred</firstName>
                <middleName>L.</middleName>
                <lastName>Manuel</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jon</firstName>
                <middleName>L.</middleName>
                <lastName>Miller</lastName>
            </relatedPersonName>
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                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>A.</firstName>
                <middleName>Darrell</middleName>
                <lastName>Borgen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>133 N. Main Street</street1>
                <city>Greenbush</city>
                <stateOrCountry>MN</stateOrCountry>
                <stateOrCountryDescription>MINNESOTA</stateOrCountryDescription>
                <zipCode>56726</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
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    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Commercial Banking</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$25,000,001 - $100,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>46</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-09-30</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isOptionToAcquireType>true</isOptionToAcquireType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>9625000</totalOfferingAmount>
            <totalAmountSold>8178310</totalAmountSold>
            <totalRemaining>1446690</totalRemaining>
            <clarificationOfResponse>Offering complete.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>32</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Border Bancshares, Inc.</issuerName>
                <signatureName>/s/ Robert J. Hager</signatureName>
                <nameOfSigner>Robert J. Hager</nameOfSigner>
                <signatureTitle>Chief Executive Officer</signatureTitle>
                <signatureDate>2010-10-04</signatureDate>
            </signature>
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</TEXT>
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-----END PRIVACY-ENHANCED MESSAGE-----