S.S. Titus, 1901
S.S. Titus, founder of the Bank of Grand Forks, a predecessor to Alerus Financial.
S.S. Titus founded the Bank of Grand Forks on August 29, 1879, in the back of a smokehouse on South Third Street in Grand Forks.
Following is an excerpt of a letter from Titus to a young man interested in banking...
October 2, 1908
Well, you pack up and come out here as soon as you can, and we will give you a chance to demonstrate whether you can make a go in this line of business or not.
I may not be at home when you arrive here, but you go to my residence and make that headquarters till you have found other accommodations. Then come to the bank and Mr. Smith will start you in. I can't write you the qualifications necessary to make a success. It requires an ability and experience. If you have the former, you can certainly get the latter in this office.