The bank's headquarters would remain in this building until the devastating Red River Flood of 1997. During the disaster, the bank's downtown building was both flooded and almost destroyed in a fire which burned out of control. After the flood, the bank moved their corporate headquarters to a location in south Grand Forks and moved their downtown location into a new city-owned office complex known as the Corporate Center. The vacated 322 DeMers Avenue building was totally remodeled by another party and is now an office building.