West Fargo State Bank

Status:Inactive as of 04/20/1991
 Merger - Without Assistance
Successor Bank:Alerus Financial
Headquarters:West Fargo State Bank
901 13th Avenue East
West Fargo, ND 58078
Established:07/15/1925
FDIC Insurance:01/01/1934
FDIC Cert:#10245
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$54,133,000
Total Deposits:$49,359,000

History

1925-07-15Institution established: Original name:West Fargo State Bank
1991-04-20Changed name to First National Bank North Dakota (3931)
1991-04-20Merged into and subsequently operated as part of First National Bank North Dakota (3931) in GRAND FORKS, ND
1991-04-20Acquired Northwood State Bank (10238) in NORTHWOOD, ND
1991-04-20Acquired West Fargo State Bank in WEST FARGO, ND
1991-11-01Acquired First Federal Savings and Loan Association of Fargo, F.A. (33409) in FARGO, ND
2000-11-13Changed name to Alerus Financial, National Association (3931)
2007-01-20Acquired Alerus Interim, National Association (34096) in MINNETONKA, MN
2009-07-17Acquired BANKFIRST (34103) in SIOUX FALLS, SD as part of a government assisted transaction.
2009-11-06Acquired Prosperan Bank (35074) in OAKDALE, MN as part of a government assisted transaction.
2014-06-25Acquired Private Bank Minnesota (34144) in MINNEAPOLIS, MN
2016-01-16Acquired Beacon Bank (10581) in SHOREWOOD, MN