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OCC OKs Alerus Financial's purchase of Bell Bank's HSA accounts

The Office of the Comptroller of the Currency on Sept. 25 approved Grand Forks, N.D.-based Alerus Financial NA's application to acquire assets and liabilities related to 36,704 health savings accounts from Fargo, N.D.-based Bell Bank.

The application was filed with the OCC on Aug. 17.

Alerus Financial is a unit of Alerus Financial Corp., while Bell Bank is a unit of State Bankshares Inc.