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Alerus Financial Corp

5QD:DEU

Alerus Financial Corp

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About the company

Alerus Financial Corporation is a commercial wealth bank and national retirement services provider. Through its subsidiary, Alerus Financial, National Association, it provides financial solutions to businesses and consumers. It operates in three segments. The Banking segment offers a complete line of loans, deposits, cash management, mortgage loans, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. It operates over 29 banking and wealth offices, with locations in Grand Forks, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; southern Minnesota, Marshalltown, Iowa, and others.

  • Revenue in USD (TTM)198.97m
  • Net income in USD3.18m
  • Incorporated2000
  • Employees709.00
  • Location
    Alerus Financial Corp401 Demers AveGRAND FORKS 58201-4574United StatesUSA
  • Phone+1 (701) 795-3200
  • Fax+1 (302) 655-5049
  • Websitehttps://www.alerus.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status		ALRS:NAQ since
announced		Transaction
value
HMN Financial IncDeal completed15 May 202415 May 2024Deal completed6.86%236.09m
Data delayed at least 15 minutes, as of Nov 22 2024 21:00 GMT.
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