ALERUS FINANCIAL HISTORY
- Bank Name:Alerus Financial
- Bank Class:National Bank
- Member FDIC:Certificate #3931
- Locations:15 Branches in 3 states
Alerus Financial was founded on September 30, 1933 and has been serving the financial needs of their customers for over 90 years.
Alerus Financial currently operates with 15 branches located in 3 states as a subsidiary of Alerus Financial Corporation. Check below for important events in banks history.
IMPORTANT EVENTS IN BANKS HISTORY
Below is a list of some important events in the history of Alerus Financial, including mergers and acquisitions.
DATEEVENT
09-30-1933Institution established. Original name: First National Bank in Grand Forks.
02-16-1990Acquired First National Bank South (27571) in Grand Forks, ND.
04-20-1991Changed Institution Name to First National Bank North Dakota.
04-20-1991Acquired Northwood State Bank (10238) in Northwood, ND.
04-20-1991Acquired West Fargo State Bank (10245) in West Fargo, ND.
11-01-1991Acquired First Federal Savings and Loan Association of Fargo, F.a. (33409) in Fargo, ND.
08-15-1997Main Office moved to 2401 Demers Avenue, Grand Forks, ND 58201.
11-13-2000Changed Institution Name to Alerus Financial, National Association.
01-20-2007Acquired Alerus Interim, National Association (34096) in Minnetonka, MN.
07-17-2009Acquired Bankfirst (34103) in Sioux Falls, SD as part of a government assisted merger.
11-06-2009Acquired Prosperan Bank (35074) in Oakdale, MN as part of a government assisted merger.
06-25-2014Acquired Private Bank Minnesota (34144) in Minneapolis, MN.
01-16-2016Acquired Beacon Bank (10581) in Shorewood, MN.
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