Bank Branches › Banks › Alerus Financial, National Association
Alerus Financial, National Association
26 offices in 5 states as of June 30, 2026, down from 29 in 2025. $4.2 billion in deposits. Main office: 401 Demers Ave, Grand Forks, ND. FDIC certificate 3931.
26
offices
5
states
−5
gone since 2025
+2
new since 2025
Where its offices are
Offices over time
Bank offices reporting on June 30Deposits booked at them (nominal dollars, own scale)
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 13 | $363M | |
| Jun 30 1995 | 13 | · | $372M |
| Jun 30 2000 | 10 | −4 | $330M |
| Jun 30 2005 | 11 | · | $503M |
| Jun 30 2010 | 15 | +2 | $910M |
| Jun 30 2015 | 15 | · | $1.3B |
| Jun 30 2020 | 15 | −1 | $2.5B |
| Jun 30 2025PEAK | 29 | +15 | $4.4B |
| Jun 30 2026NOW | 26 | −3 | $4.2B |
Open the full passbook — all 33 years ▾
| Date | offices | Change | Deposits |
|---|---|---|---|
| Jun 30 1994 | 13 | $363M | |
| Jun 30 1995 | 13 | · | $372M |
| Jun 30 1996 | 13 | · | $390M |
| Jun 30 1997 | 12 | −1 | $462M |
| Jun 30 1998 | 13 | +1 | $411M |
| Jun 30 1999 | 14 | +1 | $362M |
| Jun 30 2000 | 10 | −4 | $330M |
| Jun 30 2001 | 10 | · | $338M |
| Jun 30 2002 | 10 | · | $347M |
| Jun 30 2003 | 11 | +1 | $383M |
| Jun 30 2004 | 11 | · | $463M |
| Jun 30 2005 | 11 | · | $503M |
| Jun 30 2006 | 13 | +2 | $578M |
| Jun 30 2007 | 14 | +1 | $603M |
| Jun 30 2008 | 14 | · | $560M |
| Jun 30 2009 | 13 | −1 | $642M |
| Jun 30 2010 | 15 | +2 | $910M |
| Jun 30 2011 | 15 | · | $985M |
| Jun 30 2012 | 15 | · | $993M |
| Jun 30 2013 | 14 | −1 | $1.1B |
| Jun 30 2014 | 15 | +1 | $1.2B |
| Jun 30 2015 | 15 | · | $1.3B |
| Jun 30 2016 | 21 | +6 | $1.7B |
| Jun 30 2017 | 18 | −3 | $1.6B |
| Jun 30 2018 | 18 | · | $1.8B |
| Jun 30 2019 | 16 | −2 | $1.8B |
| Jun 30 2020 | 15 | −1 | $2.5B |
| Jun 30 2021 | 15 | · | $2.8B |
| Jun 30 2022 | 15 | · | $2.7B |
| Jun 30 2023 | 16 | +1 | $2.9B |
| Jun 30 2024 | 14 | −2 | $3.4B |
| Jun 30 2025PEAK | 29 | +15 | $4.4B |
| Jun 30 2026NOW | 26 | −3 | $4.2B |
Counted under FDIC certificate 3931. When one bank buys another, the bought bank's offices move onto the buyer's certificate, so a jump here is usually a merger, not a building spree. Its earlier names and the banks folded into it →
Offices with the most deposits booked
| Office | Deposits |
|---|---|
| Alerus National Association BranchMinnetonka, MN | $1.8B |
| Broadway BranchFargo, ND | $410M |
| Home Federal Savings Bank BranchRochester, MN | $336M |
| Alerus Financial, National AssociationGrand Forks, ND | $333M |
| South BranchGrand Forks, ND | $232M |
| Fargo Urban Plains BranchFargo, ND | $200M |
| Phoenix BranchPhoenix, AZ | $197M |
| Pewaukee BranchPewaukee, WI | $76.9M |
| 7 Albert Lea BranchAlbert Lea, MN | $74.3M |
| Prosperan Bank BranchOakdale, MN | $72.3M |
By state
| State | Offices |
|---|---|
| Minnesota | 16 |
| North Dakota | 6 |
| Arizona | 2 |
| Iowa | 1 |
| Wisconsin | 1 |