Alerus Financial, National Association is a bank based in Grand Forks, North Dakota, established in 1933, with $5.3 billion in total assets across 27 branches. By Trust Grade it ranks 10th of 60 banks we track in North Dakota. Its capital ratio of 10.9% is stronger than 60% of similarly sized banks, versus a North Dakota median of 9.5%. It was profitable over the most recent period, with a 1.81% return on assets. No consumer complaints against Alerus Financial, National Association appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Alerus Financial, National Association compares to North Dakota peers
How we graded Alerus Financial, National Association
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.9% capital ratio)
- Strongly profitable (ROA 1.81%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Alerus Financial, National Association over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (27)
- 110 Sheyenne St, West Fargo, ND 58078
- 409 2nd St, Excelsior, MN 55331
- 502 S Mantorville Ave, Kasson, MN 55944
- 401 Demers Ave, Grand Forks, ND 58201
- 201 W Oakland Ave, Austin, MN 55912
- 208 S Walnut St, La Crescent, MN 55947
- 715 N Broadway St, Spring Valley, MN 55975
- 2300 S Columbia Rd, Grand Forks, ND 58201
- 303 W Main St, Marshalltown, IA 50158
- 143 W Clark St, Albert Lea, MN 56007
- 1016 Civic Center Dr Nw, Rochester, MN 55901
- 17045 N Scottsdale Rd, Scottsdale, AZ 85255
- 7890 Mitchell Rd, Eden Prairie, MN 55344
- 4686 E Van Buren St, Phoenix, AZ 85008
- 155 1st Avenue Sw, Rochester, MN 55902
- 175 Center St, Winona, MN 55987
- 15 Broadway N, Fargo, ND 58102
- 2048 Superior Dr Nw, Rochester, MN 55901
- 10900 Wayzata Boulevard, Suite 900, Minnetonka, MN 55305
- 1015 W Frontage Rd, Owatonna, MN 55060
- 1870 Meadow Ln, Pewaukee, WI 53072
- 500 Demers Ave, Grand Forks, ND 58201
- 503 Washington Ave, Northwood, ND 58267
- 4100 Lexington Ave. N., Shoreview, MN 55126
- 3189 Ace Allen Way S, Fargo, ND 58104
- 1515 Central Pkwy, Eagan, MN 55121
- 990 Helena Ave N, Oakdale, MN 55128
Are deposits at Alerus Financial, National Association insured?
Yes. Alerus Financial, National Association is an FDIC-insured bank (FDIC certificate #3931). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Alerus Financial, National Association: frequently asked questions
Is Alerus Financial, National Association a good bank?
Alerus Financial, National Association earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (10.9% capital ratio); Strongly profitable (ROA 1.81%).
Is Alerus Financial, National Association FDIC-insured?
Yes. Alerus Financial, National Association is a FDIC-insured bank (FDIC certificate #3931). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Alerus Financial, National Association?
Alerus Financial, National Association holds $5.3 billion in total assets, ranking 10th of 60 banks we track in North Dakota. It operates 27 branches.
Does Alerus Financial, National Association have CFPB complaints?
No CFPB complaints against Alerus Financial, National Association appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
