![]() Alerus Alerus Financial is a financial services company that offers banking, mortgage, wealth management, and retirement services. | ![]() The Federal Savings Bank The Federal Savings Bank is a provider of VA (veterans affairs) and FHA (federal housing administration) loans for military and first-time home buyers. | ||||
Founding Date | Founding Date 1999 | Founding Date 1858 | Founding Date 2009 | Founding Date 1879 | Founding Date 2012 |
Type | Type Subsidiary | Type Public | Type Public | Type Public | Type Private |
Tags | |||||
Locations | Locations Chantilly, US HQ Alexandria, US Chantilly, US Leesburg, US Manassas, US Vienna, US | Locations Bendigo, AU HQ | Locations Miami Lakes, US HQ | Locations Grand Forks, US HQ Eden Prairie, US Excelsior, US Minneapolis, US Minneapolis, US Minnetonka, US Oakdale, US see more | Locations Chicago, US HQ |
Employees | Employees 276 | Employees 4,812 | Employees 1,7352% increase | Employees 792 | Employees 1,3091% increase |
Valuation ($) | Valuation ($) N/A | Valuation ($) 4.4 b | Valuation ($) 2.7 b | Valuation ($) 605.8 m | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) $127.6m (FY, 2017) | Revenue (est.) N/A | Revenue (est.) $21.7m (FY, 2025) | Revenue (est.) $51.9m (FY, 2025) | Revenue (est.) N/A |
Net income | Net income $16.5m (FY, 2017) | Net income N/A | Net income $268.4m (FY, 2025) | Net income $17.4m (FY, 2025) | Net income N/A |
Operating ⚠ | |||||
Non-accrual Loans | Non-accrual Loans $6.5m (Q2, 2017) | Non-accrual Loans N/A | Non-accrual Loans $139m (Q2, 2017) | Non-accrual Loans N/A | Non-accrual Loans N/A |
Total Loans | Total Loans $1.9b (Q2, 2017) | Total Loans N/A | Total Loans $20.2b (Q2, 2017) | Total Loans N/A | Total Loans N/A |

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