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Prosperan Bank fails; Alerus Financial buys deposits, branches
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November 07, 2009
In the swiftest demise yet of a local bank, Oakdale-based Prosperan Bank was shuttered Friday by state regulators. The deposits and three branches of Prosperan were purchased by Alerus Financial, based in Grand Forks, N.D. in that banks second acquisition of the year. In July, Alerus bought Minneapo...
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