Alerus Financial, National Association

Details Alerus Financial, National Association Alerus Financial, National Association

www.alerusfinancial.com

North Dakota

Grand Forks

Grand Forks

(N) Commercial bank, federal charter & Fed member

active

3931

1933

FDIC Certificate Number: 3931
FDIC's unique number: 2563
The FDIC Field Office where an institution is physically located: Grand Forks

Federal Reserve ID Number: 933256
Report Date: 2011-06-30

Bank Charter Class: N
OCC Charter Number: 13790

Number of Domestic Offices: 16
Number of Foreign Offices: 0
The date of the last data update: 2011-08-12

1933-09-30 Institution established. Original name: First National Bank In Grand Forks.
1990-02-16 Acquired First National Bank South in Grand Forks, North Dakota.
1991-04-20 Acquired Northwood State Bank in Northwood, North Dakota.
1991-04-20 Changed name to First National Bank North Dakota .
1991-04-20 Acquired West Fargo State Bank in West Fargo, North Dakota.
1991-11-01 Acquired First Federal Savings And Loan Association Of Fargo, F.A. in Fargo, North Dakota.
2000-11-13 Changed name to Alerus Financial, National Association .
2007-01-20 Acquired Alerus Interim, National Association in Minnetonka, Minnesota.
2009-07-17 Acquired Bankfirst in Sioux Falls, South Dakota as part of a government assisted transaction.
2009-11-06 Acquired Prosperan Bank in Oakdale, Minnesota as part of a government assisted transaction.

Total assets: $1,120,897,000
Total deposits: $984,575,000
Deposits held in domestic offices: $984,575,000
Equity capital: $99,004,000

Net income: $4,894,000

Return on Assets: 0.86
Return on Equity: 10.2
Last updated on: 2011-10-20

Bank Holding Company: Alerus Financial Corporation

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Profile ID: LFUS-BAB-P-21642