Company Profile
Alerus Financial
Company Overview
Alerus Financial is a customer-driven financial services company.
Re-established in 1933, with roots tracing back to 1879, Alerus Financial is an independent, multibillion-dollar financial services company serving customers across the country and around the world. We offer a broad array of banking and wealth management products and services and knowledgeable staff to help our customers identify and attain their financial goals.
Alerus has banking locations in North Dakota (Fargo & Grand Forks), Minnesota (Twin Cities), and Arizona (Scottsdale).
Company History
One of the earliest banks to do business in the Dakota Territory, Alerus was committed to helping its customers make Grand Forks the commercial, educational, and cultural center of the region.
In the Spring of 1997 the dikes in Grand Forks failed, flooding 75 percent of the city, including the entire downtown area. The flood paralyzed many downtown businesses, and our company was no exception. Following the initial floodwaters, a fire tore through downtown Grand Forks, completely gutting the bank buildings. With the unfaltering help of our employees, we exhibited a resiliency that kept the company - and everything it stood for - alive.
This recovery and rebuilding process provided an opportunity for growth and expansion. In 2000, our board made the strategic decision to change the company's name to Alerus Financial. With Latin origins expressing 'to take flight,' the new name perfectly aligned with the board's vision for the company, reflecting our evolution from a traditional bank to a total financial services company. Since the name change, Alerus has tripled in size, added comprehensive retirement and mortgage services, and expanded into two major markets. Today, Alerus continues to operate true to the words that have guided us going back to the early days of Grand Forks: Always in your best interest. To us this is more than just a slogan - it's something we truly believe in. We take pride in helping our customers wherever they are on life's journey. And we mean it when we say, "It's our purpose to help you achieve yours."