The Dakota Bank
| Status: | Inactive as of 08/24/1989 |
| Absorption - Assisted | |
| Successor Bank: | First National Bank South |
| Headquarters: | The Dakota Bank 24th Avenue South And Columbia Road Grand Forks, ND 58201 |
| Established: | 10/09/1979 |
| FDIC Insurance: | 10/09/1979 |
| FDIC Cert: | #22967 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $31,174,000 |
| Total Deposits: | $28,647,000 |
History
| 1979-10-09 | Institution established: Original name:The Dakota Bank | |
| 1989-08-24 | Failed. Acquired with government financial assistance and subsequently operated as part of First National Bank South (27571) | |
| 1989-08-24 | Institution established: Original name:First National Bank South (27571) | |
| 1990-02-16 | Merged into and subsequently operated as part of First National Bank in Grand Forks (3931) in GRAND FORKS, ND | |
| 1991-04-20 | Acquired Northwood State Bank (10238) in NORTHWOOD, ND | |
| 1991-04-20 | Changed name to First National Bank North Dakota (3931) | |
| 1991-04-20 | Acquired West Fargo State Bank (10245) in WEST FARGO, ND | |
| 1991-11-01 | Acquired First Federal Savings and Loan Association of Fargo, F.A. (33409) in FARGO, ND | |
| 2000-11-13 | Changed name to Alerus Financial, National Association (3931) | |
| 2007-01-20 | Acquired Alerus Interim, National Association (34096) in MINNETONKA, MN | |
| 2009-07-17 | Acquired BANKFIRST (34103) in SIOUX FALLS, SD as part of a government assisted transaction. | |
| 2009-11-06 | Acquired Prosperan Bank (35074) in OAKDALE, MN as part of a government assisted transaction. | |
| 2014-06-25 | Acquired Private Bank Minnesota (34144) in MINNEAPOLIS, MN | |
| 2016-01-16 | Acquired Beacon Bank (10581) in SHOREWOOD, MN |