Alerus Financial Corp (NASDAQ:ALRS)

31.38
Delayed Data
As of 4:00pm ET
 +1.36 / +4.53%
Today’s Change
23.99
Today|||52-Week Range
38.31
+14.65%
Year-to-Date
SECTOR
Finance
INDUSTRY
Major Banks
MARKET CAP
$572.2M

Company Description

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. It operates through the following segments: Banking, Retirement & Benefit Services, Wealth Management, Mortgage, and Corporate Administration. The Banking segment provides lending and deposit products. The Retirement & Benefit Services segment consists of retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, HSA, and other benefit services. The Wealth Management segment offers fiduciary services to consumer and commercial clients, including financial planning, investment management, personal and corporate trust services, estate administration, and custody services. The Mortgage segment includes first and second mortgage loans through a centralized mortgage unit. The Corporate Administration segment covers indirect overhead allocations and income tax expense. The was company founded in 1879 and is headquartered in Grand Folks, ND.

Contact Information

Alerus Financial Corp.
401 Demers Avenue
Grand Forks North Dakota 58201
P:(701) 795-3200
Investor Relations:
(701) 280-5120

Employees

Shareholders

Other institutional22.32%
Individual stakeholders15.12%
Mutual fund holders15.00%

Top Executives

Randy L. NewmanChairman, President & Chief Executive Officer
Katie A. LorensonChief Financial Officer & Executive Vice President
Jon N. HendryChief Information Officer & Senior Vice President
Ann McConnChief Shared Services Officer & Executive VP
Karin M. TaylorChief Risk Officer & Executive Vice President