Mergers & Acquisitions

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Deal Overview

Buyer:
First Dakota Financial Corporation
Actual Acquirer:
First Dakota National Bank
Target:
1 Branch
Deal Type:
Bank & Thrift Branch
Seller:
Alerus Financial Corporation
Agreement Date:
7/17/2009
Announcement Date:
7/17/2009
Number of Target Branches
1
Branch Locations
Sioux Falls
SD
Franchise Premium ($ 000)
100
Tangible Book Premium/ Deposits (%)
0.11
Status:
Completed
Completion Date:
7/17/2009

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 88,817
Total Assets ($ 000) 88,717
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Lindquist & Vennum LLP
Seller Yes Dorsey & Whitney LLP