Bean and Price each shot a 7-under 65 over the TPC-Twin Cities course.
Price was only 1-under at the turn before getting hot on the back nine while Bean played the course in the opposite fashion. Bean birdied five out of six holes beginning at the second.
Price, seventh on the money list, won his first Champions Tour event this year at the Outback Steakhouse Pro-Am.
Ben Crenshaw was also tied for the lead going to the final hole, but he suffered a triple-bogey at the par-5 18th to shoot a 68.