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Alerus Financial, N.A. Locations & Branches Grand Forks, North Dakota
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Alerus Financial, N.A. operates 26 branches from its headquarters in Grand Forks, ND, .
Alerus Financial, N.A. branch network
Its 26 branches span 5 states and 21 cities. The most are in MINNESOTA (16), NORTH DAKOTA (6) and ARIZONA (2). MINNESOTA holds 63.1% of its branch deposits. Rochester, MN has the most of its branches, 3. Its largest office by deposits is the Alerus National Association Branch office in Minnetonka, MN, with $1.77B (41.7% of its branch deposits). On June 30, 2025 it had 29 branches, 3 more than in 2026.
Alerus Financial, N.A. at a glance
Its CET1 capital ratio was 10.92% at Q2 2026, above regulatory requirements.
- Total assets, Q2 2026
- $5.28B
- CET1 ratio, Q2 2026
- 10.92%
- Deposit insurance
- FDIC
- Regulator
- OCC
- Latest call report
- Q2 2026, FFIEC 041
- Established
- 1933
Full financial profile · Is Alerus Financial, N.A. safe? · Alerus Financial, N.A. call report · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Grand Forks, ND (3 branches) | 1 of 14 | 21.0% | $568.7M |
| State: ND (6 branches) | 13 of 70 | 2.8% | $1.19B |
| Largest deposit state: MN (16 branches) | 12 of 277 | 0.8% | $2.68B |
Ranked by total assets among banks headquartered in the state: Largest banks in North Dakota.
Share by county and metro area
Alerus Financial, N.A.'s share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Hennepin, MN (3 branches) | 11 of 67 | 1.3% | $1.86B | $144.16B |
| Cass, ND (2 branches) | 6 of 28 | 5.4% | $610.5M | $11.27B |
| Grand Forks, ND (4 branches) | 1 of 15 | 20.3% | $583.6M | $2.87B |
| Olmsted, MN (3 branches) | 4 of 19 | 6.6% | $363.6M | $5.54B |
| Waukesha, WI (1 branch) | 28 of 34 | 0.4% | $76.9M | $18.94B |
| Freeborn, MN (1 branch) | 6 of 8 | 9.5% | $74.3M | $778.7M |
| Washington, MN (1 branch) | 18 of 24 | 1.0% | $72.3M | $7.09B |
| Fillmore, MN (1 branch) | 6 of 11 | 8.0% | $64.8M | $806.3M |
| Dodge, MN (1 branch) | 3 of 5 | 16.6% | $58.0M | $348.3M |
| Mower, MN (1 branch) | 5 of 11 | 7.0% | $57.9M | $830.0M |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI (6 branches) | 12 of 124 | 0.8% | $1.98B | $252.68B |
| Fargo, ND-MN (2 branches) | 7 of 32 | 4.7% | $610.5M | $12.93B |
| Grand Forks, ND-MN (4 branches) | 1 of 21 | 15.1% | $583.6M | $3.87B |
| Rochester, MN (5 branches) | 4 of 34 | 6.4% | $486.3M | $7.58B |
| Milwaukee-Waukesha, WI (1 branch) | 35 of 43 | <0.1% | $76.9M | $79.93B |
| Albert Lea, MN (1 branch) | 6 of 8 | 9.5% | $74.3M | $778.7M |
| Austin, MN (1 branch) | 5 of 11 | 7.0% | $57.9M | $830.0M |
| Phoenix-Mesa-Chandler, AZ (1 branch) | 51 of 55 | <0.1% | $55.5M | $189.69B |
| Marshalltown, IA (1 branch) | 11 of 11 | 2.8% | $39.2M | $1.39B |
| Winona, MN (1 branch) | 7 of 9 | 2.1% | $32.2M | $1.51B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Alerus National Association Branch | Minnetonka, MN | 55305 | $1.77B |
| Broadway Branch | Fargo, ND | 58102 | $410.2M |
| Home Federal Savings Bank Branch | Rochester, MN | 55901 | $335.7M |
| Alerus Financial, N.A. (main office) | Grand Forks, ND | 58201 | $332.9M |
| South Branch | Grand Forks, ND | 58201 | $232.3M |
| Fargo Urban Plains Branch | Fargo, ND | 58104 | $200.4M |
| Phoenix Branch | Phoenix, AZ | 85008 | $197.0M |
| Pewaukee Branch | Pewaukee, WI | 53072 | $76.9M |
| 7 Albert Lea Branch | Albert Lea, MN | 56007 | $74.3M |
| Prosperan Bank Branch | Oakdale, MN | 55128 | $72.3M |
| 1 Spring Valley Branch | Spring Valley, MN | 55975 | $64.8M |
| Kasson Branch | Kasson, MN | 55944 | $58.0M |
| 2 Austin Branch | Austin, MN | 55912 | $57.9M |
| Scottsdale Road Branch | Scottsdale, AZ | 85255 | $55.5M |
| Excelsior Branch | Excelsior, MN | 55331 | $45.4M |
| Beacon Bank, Eden Prairie Office | Eden Prairie, MN | 55344 | $42.4M |
| 9 Marshalltown Branch | Marshalltown, IA | 50158 | $39.2M |
| Shoreview Branch | Shoreview, MN | 55126 | $36.3M |
| 4 Winona Branch | Winona, MN | 55987 | $32.2M |
| 5 La Crescent Branch | La Crescent, MN | 55947 | $28.5M |
| 20 Rochester - Superior Dr Branch | Rochester, MN | 55901 | $20.3M |
| Owatonna Branch | Owatonna, MN | 55060 | $16.4M |
| Northwood Branch | Northwood, ND | 58267 | $14.9M |
| New Eagan Branch | Eagan, MN | 55121 | $14.6M |
| Rochester Downtown Branch | Rochester, MN | 55902 | $7.6M |
| Grand Forks - Downtown Hugo's Branch | Grand Forks, ND | 58201 | $3.5M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 3931) · FFIEC NIC profile (RSSD 933256)