BEACON BANK

Beacon Bank was established in January 1906 and headquartered in Shorewood, Minnesota. The bank operated as a subsidiary of Excelsior Financial Services, Inc.. Beacon Bank was classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC. Beacon Bank is no longer doing business under that name. To view branches, routing numbers, phone numbers and business hours; you can check Alerus Financial page.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

1906-01-01 -Institution established. Original name: First State Bank of New Germany.

1989-09-30 -Main Office moved to 270 Broadway Street East, New Germany, MN 55367.

1991-01-31 -Changed Institution Name to First State Bank of Excelsior.

1991-01-31 -Main Office moved to 35 Water Street, Excelsior, MN 55331.

1996-04-01 -Main Office moved to 19765 Highway 7, Shorewood, MN 55331.

1999-02-01 -Changed Institution Name to Beacon Bank.

2016-01-16 -Merged and became part of Alerus Financial, National Association (3931) in Grand Forks, ND.