BEACON BANK

Beacon Bank was established on January 1, 1906, originally under the name First State Bank of New Germany in New Germany, Minnesota. Over the years, the institution underwent several name changes and relocations. On January 31, 1991, it changed its name to First State Bank of Excelsior, coinciding with a move of its main office to 35 Water Street, Excelsior, Minnesota. Subsequently, the bank relocated its main office again on September 30, 1989, to 270 Broadway Street East in New Germany, Minnesota. The name was changed to Beacon Bank on February 1, 1999. On April 1, 1996, the main office moved to 19765 Highway 7 in Shorewood, Minnesota. Ultimately, on January 16, 2016, Beacon Bank merged with and became part of Alerus Financial, National Association, based in Grand Forks, North Dakota.

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

DATEEVENT

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

1989-09-30Main Office moved to 270 Broadway Street East, New Germany, MN 55367.

1991-01-31Changed Institution Name to First State Bank of Excelsior.

1991-01-31Main Office moved to 35 Water Street, Excelsior, MN 55331.

1996-04-01Main Office moved to 19765 Highway 7, Shorewood, MN 55331.

1999-02-01Changed Institution Name to Beacon Bank.

2016-01-16Merged and became part of Alerus Financial, National Association in Grand Forks, ND.