First National Bank South

Details First National Bank South First National Bank South

North Dakota

Grand Forks

Grand Forks

(N) Commercial bank, federal charter & Fed member

inactive

27571

1989

FDIC Certificate Number: 27571
FDIC's unique number: 40356
The FDIC Field Office where an institution is physically located: Grand Forks

Federal Reserve ID Number: 1404191
Report Date: 1989-12-31

Bank Charter Class: N
OCC Charter Number: 22074
The date of the last data update: 1994-08-24

1989-08-24 Institution established. Original name: First National Bank South.
1989-08-24 Acquired The Dakota Bank in Grand Forks, North Dakota.
1990-02-16 Merged into and subsequently operated as part of First National Bank in Grand Forks in Grand Forks, North Dakota.
1991-04-20 Changed name to First National Bank North Dakota .
1991-04-20 Acquired Northwood State Bank in Northwood, 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: $24,348,000
Total deposits: $22,142,000
Last updated on: 2011-10-20

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