Alerus Financial
Legal institution: Alerus Financial, National Association. Headquartered in Grand Forks, ND. Part of Alerus Financial Corporation. FDIC certificate #3931 · Federal Reserve RSSD 933256.
Total assets
$5.3B
Deposits
$4.4B
Q1 2026
Active branches
27
Closings since Jan 2020
8
4 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$24M
Return on assets
1.81%
Return on equity
16.77%
Noncurrent loan rate
1.32%
Deposits by year (Summary of Deposits)
22019
32020
32021
32022
32023
32024
42025
Values in $ billions, June 30 of each year.
Closings by year
12020
12023
12024
32025
22026
Openings by year
12021
12024
12025
12026
Other network changes since 2020
- 2 branch relocations
- 15 branches acquired through purchases or mergers
Branches by state
Recent closings
- 2805 DODD RD · closed April 10, 2026
- 1201 BROADWAY AVE S · closed January 16, 2026
- Alerus Financial — Minneapolis, MNbank exits cityCANADIAN PACIFIC PLAZA, 120 S 6TH ST, STE. 200 · closed November 21, 2025
- 3137 32ND AVE SW · closed September 19, 2025
- 901 13TH AVE E · closed September 19, 2025
- 19765 HIGHWAY 7 · closed June 21, 2024
- Alerus Financial — Mesa, AZbank exits city1640 S STAPLEY DR · closed October 16, 2023
- 1750 32ND AVENUE SOUTH · closed November 30, 2020
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.alerus.com.