Alerus Financial Corp.

Alerus Financial Corp.

Alerus Financial Corp.

Overview
Date Founded

2000

Headquarters

401 DEMERS AVENUE GRAND FORKS ND 58201

Type of Company

Public

Industries

Holding Companies
Retail & Commercial Banking
Investment Services & Portfolio Management

Company Description

Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiaries, Alerus Financial NA and Alerus Securities Corp.. Its products and services include retirement plans, philanthropic giving, financial and estate planning, education funding, trust and fiduciary services, private banking, check loans, mortgage, savings, and personal loans. The was founded in 1933 and is headquartered in Grand Folks, ND.

Website

http://www.alerus.com

Contact Data
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In The News
St. Paul Pioneer Press (Minnesota)
September 9, 2019
Business People: Alerus Financial files for IPO; APi, Kohnstamm acquired
SNL Financial
September 4, 2019
Alerus Financial discloses IPO price range, number of shares to be offered
Star Tribune (Minneapolis, Minnesota)
August 20, 2019
Alerus aims to raise $75M in IPO
Global Banking News
August 20, 2019
-Alerus Financial files for IPO
SNL Financial
July 30, 2019
Alerus Financial closes sale of Duluth, Minn., assets to Frandsen Bank & Trust

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Executives & Employees
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Randy Louis Newman

President, Chief Executive Officer, Chairman of the Board

Katie A. Lorenson

Chief Financial Officer & Executive Vice President

Dan Cheever

Chief Development Officer

Karin Taylor

Executive Vice President & Chief Risk Officer

Jon N. Hendry

Chief Information Officer

Kris E. Compton

Chief Strategy Officer & Executive Vice President

Ann McConn

Chief Business Officer

David Norris

Group President, Director-Sales & Services

Karl A. Bollingberg

Executive Vice President & Director-Banking Services

John Flesch

Executive Vice President & Director-Wealth Management

Board of Directors
Randy Louis Newman

President, Chief Executive Officer, Chairman of the Board at Alerus Financial Corp.

Sally J. Smith

Former President, Chief Executive Officer, Director at Buffalo Wild Wings, Inc.

Galen Vetter

Former Partner at RSM US LLP

Michael S. Mathews

Senior Vice President & Chief Information Officer at Deluxe Corp.

Karen M. Bohn

President at Galeo Group LLC

Daniel E. Coughlin

Kevin D. Lemke

Former President at Virtual Systems, Inc.

Lloyd G. Case

Former President & Chief Executive Officer at Forum Communications Co.

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Alerus Financial Corp.
Recent Transactions
Details Hidden

Alerus Financial Corp. raised money in a private placement transaction

Details Hidden

Alerus Financial, NA, Alerus Financial Corp. purchase Interactive Retirement Systems Ltd.

Details Hidden

Alerus Financial Corp. purchases PrivateBancorp, Inc.

Transaction Advisors
Legal Advisor
Dorsey & Whitney LLP

Advised onAlerus Financial Corp. purchases PensionTrend Investment Advisers LLC

Investment Advisor
Raymond James & Associates, Inc.

Advised onAlerus Financial Corp. raised money in a private placement transaction

Investment Advisor
Sandler O'Neill & Partners LP

Advised onAlerus Financial Corp. raised money in a private placement transaction
Advisors & Consultants
Legal Advisor
David B. Miller

Former Partner at Faegre Baker Daniels LLP
Key Stats and Financials As of 2018
Market Capitalization
$270M
Total Enterprise Value
$388M
Earnings Per Share
$1.84
Revenue
$190M
Net Profit
$25.9M
Total Debt
$152M
Total Equity
$197M
Enterprise Value Sales
2.04x
TEVNet Income
15x
Debt TEV
0.39x
Three Year Compounded Annual Growth Rate Of Revenue
8.38%
Five Year Compounded Annual Growth Rate Of Revenue
7.92%
Non-Profit Donations & Grants
$500 - $1,499
2007
The Children’s Theater Company

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This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Alerus Financial Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Alerus Financial Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Alerus Financial Corp..