Alerus Financial

  • Bank Name:Alerus Financial
  • Bank Class:National Bank - FED Member
  • Member FDIC:Certificate #3931
  • Routing Number:N/A
  • Locations:15 Branches in 3 states
  • Web Address:alerus.com
Headquarters:401 Demers Avenue, Grand Forks, North Dakota 58201

Alerus Financial Information

Alerus Financial was founded in September 1933 and is based in Grand Forks, North Dakota. The bank operates as a subsidiary of Alerus Financial Corporation. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Alerus Financial is classified as a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC). Alerus Financial is a FDIC-insured bank with certificate number of 3931. The assigned Fed RSSD ID of Alerus Financial is 933256.

Alerus Financial currently operates with 15 branches located in 3 states. The bank has most branches in North Dakota, Minnesota and Arizona. Alerus Financial is the 19th largest bank in North Dakota with 7 branches; 61st in Minnesota with 6 branches and 37th in Arizona with 2 branches.

Bank routing number is a 9 digit code which is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other money transfers in the US. We currently do not have a routing number for Alerus Financial in our database.

The full address of bank headquarters is 401 Demers Avenue, Grand Forks, ND 58201. You can visit the official website of the bank at https://www.alerus.com for more information and online banking service if available. For a comprehensive list of Alerus Financial branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.

Map Of Branch Locations

Bank Offices By State

History Of Alerus Financial

Alerus Financial is a financial institution established on September 30, 1933, originally named First National Bank in Grand Forks, North Dakota. The bank underwent several name changes, including becoming First National Bank North Dakota on April 20, 1991, as it expanded its operations through numerous acquisitions. Notable acquisitions during the 1990s included the First Federal Savings and Loan Association of Fargo, West Fargo State Bank, and Northwood State Bank, all in North Dakota. In November 2000, the institution adopted the name Alerus Financial, National Association. Alerus Financial continued to grow in the following decades, acquiring several banks such as Prosperan Bank in Oakdale, Minnesota, and Beacon Bank in Shorewood, Minnesota, among others. The company significantly expanded its footprint by acquiring Metro Phoenix Bank in Phoenix, Arizona, on September 16, 2022. Today, Alerus Financial operates with a diversified portfolio of banking, mortgage, and investment services.

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

09-16-2022Acquired Metro Phoenix Bank in Phoenix, AZ.

01-16-2016Acquired Beacon Bank in Shorewood, MN.

06-25-2014Acquired Private Bank Minnesota in Minneapolis, MN.

11-06-2009Acquired Prosperan Bank in Oakdale, MN as part of a government assisted merger.

07-17-2009Acquired Bankfirst in Sioux Falls, SD as part of a government assisted merger.

View 9 More Events in Bank's History …

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Bank Rating & Reviews
5.0 / 5
  • Rating 5.00/

Bank rating displayed here is the average value for all Alerus Financial branches. A total of 4 customers had cast their vote for 15 branches and in average, Alerus Financial got a score of 5.0 out of 5 stars.

Popular Branches
19765 Highway 7, Shorewood, MN 55331
990 Helena Street North, Oakdale, MN 55128
901 13th Avenue East, West Fargo, ND 58078
11100 Wayzata Boulevard, Minnetonka, MN 55305
2300 South Columbia Road, Grand Forks, ND 58201
51 N. Broadway Drive Suite 150, Fargo, ND 58102
7890 Mitchell Road, Eden Prairie, MN 55344
Newly Opened Branches

No new branches were opened in the last 12 months...

Closed Branches

No branches were closed in the last 12 months...

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