BEACON BANK

  • Bank Name:Beacon Bank
  • Bank Class:Federal Reserve Non-Member Bank
  • Member FDIC:Certificate #10581 - Inactive
  • Web Address:No website available
Headquarters:19765 Highway 7, Shorewood, Minnesota 55331
Acquired by Alerus Financial
Beacon Bank is no longer doing business under that name.

HISTORY OF 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

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

01/31/1991 -Moved bank headquarters from New Germany, MN to Excelsior, MN

01/31/1991 -Changed name to First State Bank of Excelsior

04/01/1996 -Moved bank headquarters from Excelsior, MN to Shorewood, MN

02/01/1999 -Changed name to Beacon Bank

01/16/2016 -Merged into and subsequently operated as part of Alerus Financial, National Association (3931) in Grand Forks, ND

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