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Alerus Financial
Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services. History Alerus Financial's history dates back to August 29, 1879, with the formation of the Bank of Grand Forks by Mr. S. S. Titus. The bank was the second bank chartered in Dakota Territory. At the time, the bank was located in the back of a smokehouse on South Third Street in downtown Grand Forks. The bank quickly outgrew its building and moved into a new brick structure at the corner of South Third Street and Kittson Avenue. In 1881, the bank took out a federal charter and became known as Citizens National Bank. On July 1, 1890, the bank purchased another Grand Forks bank and took on the name of the other bank: First National Bank. In 1896, the newly merged First National Bank moved into the St. John's Block b ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Alerus Center
The Alerus Center is an indoor arena and convention center in the north central United States, located in Grand Forks, North Dakota. The facility is owned and operated by the city of Grand Forks and opened on February 10, 2001. The arena's major tenant is the University of North Dakota football team, and also hosts many large concerts, sporting events, and trade shows. It can seat more than 21,000, though 12,283 is its capacity for football. The convention center section of the facility includes a ballroom and twelve meeting rooms. The convention center is used for conferences, seminars, banquets, parties, and smaller concerts. Directly adjacent to the Alerus Center is a large hotel and waterpark complex called the Canad Inns Destination Center. Alerus Center is named after a local financial institution, Alerus Financial, which purchased the building's naming rights. Prior to opening, the facility had been referred to as the Aurora Events Center. History After attempts going ...
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Banks Established In 1879
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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American Companies Established In 1879
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ...
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Companies Based In North Dakota
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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First National Bank (Grand Forks, North Dakota)
The First National Bank is a five-story building in Grand Forks, North Dakota, that was built in 1914–15 and listed on the National Register of Historic Places in 1982. It was built for the Scandinavian-American Bank, but has been identified as the First National Bank building since 1929. History When it was founded, the Scandinavian-American Bank had its offices in the Metropolitan Opera House in Grand Forks. The new bank building was constructed in 1914–15 and occupied in 1915. When the bank later obtained a charter as a national bank, it took the name Northwestern National Bank. In 1929, it merged with the First National Bank, and the combined bank located in this building. and First National Bank failed in 1933, during the Great Depression, but was replaced by a new First National Bank entity that later became Alerus Financial in 2000. The building is located on a corner lot, approximately in size, at the intersection of DeMers Avenue and North Fourth Street. It is cons ...
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Bedford, New Hampshire
Bedford is a town in Hillsborough County, New Hampshire, United States. At the 2020 census, the population was 23,322, reflecting a growth of 10% from 2010. Bedford is a suburb of Manchester, New Hampshire's largest city. History In 1733, the Province of Massachusetts Bay established Bedford as "Narragansett, No. 5" for the benefit of soldiers who fought against the Narragansett people in Rhode Island. The area was also known as "Souhegan East". The settlement was incorporated as "Bedford" in 1750, and was named for John Russell, 4th Duke of Bedford. Lord Russell, a close friend of Governor Benning Wentworth, was the Secretary of State for the Southern Department from 1748 to 1751, and his first wife, Diana Spencer, was cousin to the influential Duke of Marlborough. The first English settlers in Bedford were Robert and James Walker III. /upload.wikimedia.org/wikipedia/commons/7/7e/SettlementMarker.JPG A monumentdated 1737 stands on what is now known as Station Road (adjacent to ...
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Troy, Michigan
Troy is a city in Oakland County, Michigan, United States. Its population was 87,294 at the 2020 U.S. census, making Troy the most populous city in the county and the 13th most-populous municipality in the state. Troy is a northern suburb of Metro Detroit, located about sixteen miles (25.7 km) northwest of downtown Detroit. Troy was organized as a township in 1827, and sections of the township incorporated much later into the cities of Birmingham, Clawson, and Royal Oak. The remainder of the township incorporated as the present-day city of Troy in 1955. Troy has become a business and shopping destination in the region, with numerous office centers and the upscale Somerset Collection mall. In 2011, Troy was ranked the safest city in Michigan and the 19th safest city in the United States. In 2008, Troy was ranked 22nd on a list of "Best Places to Live" in the United States by CNN Money, using criteria including housing, quality of education, economic strength, and recre ...
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East Lansing
East Lansing is a city in the U.S. state of Michigan. Most of the city lies within Ingham County with a smaller portion extending north into Clinton County. At the 2020 Census the population was 47,741. Located directly east of the state capital of Lansing, East Lansing is well-known as the home of Michigan State University. The city is part of the Lansing–East Lansing metropolitan area. History East Lansing is located on land that was an important junction of two major Native American groups: the Potawatomi and the Fox. By 1850, the Lansing and Howell Plank Road Company was established to connect a toll road to the Detroit and Howell Plank Road, improving travel between Detroit and Lansing, which cut right through what is now East Lansing. The toll road was finished in 1853, and included seven toll houses between Lansing and Howell. Michigan State University was founded in 1855 and established in what is now East Lansing in 1857. For the first four decades, the students and ...
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Mesa, Arizona
Mesa ( ) is a city in Maricopa County, Arizona, Maricopa County, in the U.S. state of Arizona. It is the most populous city in the East Valley (Phoenix metropolitan area), East Valley section of the Phoenix Metropolitan Area. It is bordered by Tempe, Arizona, Tempe on the west, the Salt River Pima-Maricopa Indian Community on the north, Chandler, Arizona, Chandler and Gilbert, Arizona, Gilbert on the south along with Queen Creek, Arizona, Queen Creek, and Apache Junction on the east. Mesa is the third-largest city in Arizona after Phoenix, Arizona, Phoenix and Tucson, Arizona, Tucson, the List of United States cities by population, 37th-largest city in the US, and the largest city that is not a county seat. The city is home to 504,258 people as of 2020 according to the Census Bureau, which makes it more populous than Minneapolis, St. Louis, and Miami. Mesa has been described as "America's most Conservatism in the United States, conservative city". More than 40,000 students are ...
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Scottsdale, Arizona
, settlement_type = City , named_for = Winfield Scott , image_skyline = , image_seal = Seal of Scottsdale (Arizona).svg , image_blank_emblem = City of Scottsdale Script Logo.svg , nickname = "The West's Most Western Town" (official) , image_map = File:Maricopa County Arizona Incorporated and Unincorporated areas Scottsdale Highlighted 0465000.svg , mapsize = 200x200px , map_caption = Location in Maricopa County, Arizona , mapsize1 = , map_caption1 = , pushpin_map = USA Arizona Maricopa County#USA Arizona#USA , pushpin_label = Scottsdale , pushpin_map_caption = , coordinates = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = State , subdivision_name1 = Arizona , subdivision_type2 = County , subdivision ...
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