Bank BranchesEvery insured bank office · FDIC · 1994–2026

Bank Branches › Minnesota › Hennepin County › 19765 Highway 7

Full-service office · FDIC office no. 6782

Alerus Financial, National Association
19765 Highway 7, Shorewood, MN 55331

Last reported 2023

$171M
peak deposits
1906
established
—
rank in county
3
names on the sign

This office filed its last FDIC deposit report in 2023. It is missing from every report since, which usually means it closed. The FDIC record doesn't give a reason. Hennepin County has 258 offices open today, listed below.

This office's passbook1994–2023
DateBank on the signDepositsChange
Jun 30 2026NOT REPORTED missing from the 2026 report (and every year since 2024)
Jun 30 2023Alerus Financial, National Association$91.9M−33%
Jun 30 2022Alerus Financial, National Association$138M−20%
Jun 30 2021Alerus Financial, National Association$171M+14%
Jun 30 2020Alerus Financial, National Association$150M+34%
Jun 30 2019Alerus Financial, National Association$112M−12%
Jun 30 2018Alerus Financial, National Association$127M−13%
Jun 30 2017Alerus Financial, National Association$146M−2%
Jun 30 2016Alerus Financial, National AssociationNEW NAME$149M+2%
Jun 30 2015Beacon Bank$145M+26%
Jun 30 2014Beacon Bank$115M+7%
Jun 30 2013Beacon Bank$108M+6%
Jun 30 2012Beacon Bank$102M−7%
Jun 30 2011Beacon Bank$109M−5%
Jun 30 2010Beacon Bank$114M−6%
Jun 30 2009Beacon Bank$122M+16%
Jun 30 2008Beacon Bank$105M−4%
Jun 30 2007Beacon Bank$110M−5%
Jun 30 2006Beacon Bank$115M+32%
Jun 30 2005Beacon Bank$87.2M−3%
Jun 30 2004Beacon Bank$89.9M−3%
Jun 30 2003Beacon Bank$92.9M+53%
Jun 30 2002Beacon Bank$60.6M+1%
Jun 30 2001Beacon Bank$60.0M+19%
Jun 30 2000Beacon Bank$50.4M+39%
Jun 30 1999Beacon BankNEW NAME$36.2M+22%
Jun 30 1998First State Bank of Excelsior$29.7M+83%
Jun 30 1997First State Bank of Excelsior$16.2M+84%
Jun 30 1996First State Bank of Excelsior$8.8M−63%
Jun 30 1995First State Bank of Excelsior$24.0M+26%
Jun 30 1994First State Bank of Excelsior$19.0M
1906-01-01Office established (FDIC record) — 88 years before this passbook begins

Nearest open offices in Hennepin County

  1. 1.1 miBridgewater Bank · 21500 Highway 7, Greenwood
  2. 1.2 miU.S. Bank National Association · 17800 Highway 7, Minnetonka
  3. 1.3 miWells Fargo Bank, National Association · 5120 County Road 101, Minnetonka
  4. 1.5 miJPMorgan Chase Bank, National Association · 4799 County Road 101, Minnetonka
  5. 1.5 miCorTrust Bank National Association · 4625 County Highway 101, Minnetonka
  6. 1.8 miAlerus Financial, National Association · 409 2nd St, Excelsior
  7. 1.9 miWells Fargo Bank, National Association · 411 Water St, Excelsior
  8. 2.0 miThe Huntington National Bank · 435 Water St, Excelsior

All banks in Hennepin County →
Every Alerus Financial, National Association office →
What became of Alerus Financial, National Association →

Names on the sign

1994–1998First State Bank of Excelsior1999–2015Beacon Bank2016–2023Alerus Financial, National Association

The FDIC office number stays with the building when banks merge or rename, so the same office appears under each owner. Follow an earlier name to see what became of that bank.

Deposits are the balances the bank assigned to this office on June 30 of each year, in nominal dollars. Source: FDIC Summary of Deposits, office (UNINUMBR) 6782.