Now MeritCare Hospital. Great Northern RR Depot built on Fifth Avenue in Fargo. North Dakota's economy deteriorates in the 1920s. Yet F-M continues to grow as a trade center. Local merchants challenge rail-freight rates and prevail in 1925, aiding new and existing processing and manufacturing.
Air service begins.
The Merchants National Bank, now part of US Bank, is built at 122 Broadway in Fargo, exemplifying Fargo-Moorhead's position as a financial center.