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. The company through its subsidiaries Alerus Financial NA and Alerus Securities Corp. offers business and consumer banking products and services, residential mortgage financing, employer-sponsored retirement plan administration and employer-sponsored services, including payroll, health savings accounts, flexible spending accounts, health reimbursement arrangements, and COBRA administration, and wealth management, including trust, brokerage, executive insurance, and asset management. Alerus Financial 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

News Bites Canadian Markets

April 23, 2019

First National Financial rises for a third consecutive day, a three-day rise of 0.9% April 23, 2019 17:00 EDT

News Bites Canadian Markets

April 17, 2019

First National Financial drops on high volatility April 17, 2019 17:00 EDT

News Bites Canadian Markets

April 16, 2019

First National Financial announces dividend

News Bites Canadian Markets

April 12, 2019

First National Financial decreases April 12, 2019 17:00 EDT

News Bites Canadian Markets

April 9, 2019

First National Financial Corporation to Host First Quarter 2019 Results Conference Call on May 1, 2019

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Executives & Employees

Randy L. 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

Director-Sales & Services

Karl A. Bollingberg

Executive Vice President & Director-Banking Services

John Flesch

Executive Vice President & Director-Wealth Management

Board of Directors

Randy L. Newman

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

Galen Vetter

Former Partner at RSM US LLP

Sally J. Smith

Former Chief Executive Officer at Buffalo Wild Wings, Inc.

Karen M. Bohn

President at Galeo Group LLC

Michael S. Mathews

Senior Vice President & Chief Information Officer at Deluxe Corp.

Daniel E. Coughlin

Kevin D. Lemke

President at Virtual Systems, Inc.

Harold A. Gershman

President at Happy Harry's Bottle Shop, Inc.

Lloyd G. Case

Former President & Chief Executive Officer at Forum Communications Co.

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Alerus Financial Corp.

Owners & Shareholders

Details Hidden

Maltese Capital Management LLC

Maltese Capital Management (MCM) utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm primarily uses fundamental research and analysis in their investment process. As part of their fundamental analysis, they create earnings models for many companies, conduct extensive due diligence and make qualitative assessments. MCM may also use various technical analytical tools and approaches. MCM's funds invest in companies primarily in the financial services industry, with emphasis on US publicly-traded securities of bank holding companies, banks, thrift institutions, insurance companies and other financial companies, including, but not limited to, finance companies, mortgage companies, asset managers and credit card companies. While the funds focus mainly on investments in securities of financial institutions, they may also invest in securities of non-financial institutions.

Details Hidden

Maltese Capital Management LLC

Maltese Capital Management (MCM) utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm primarily uses fundamental research and analysis in their investment process. As part of their fundamental analysis, they create earnings models for many companies, conduct extensive due diligence and make qualitative assessments. MCM may also use various technical analytical tools and approaches. MCM's funds invest in companies primarily in the financial services industry, with emphasis on US publicly-traded securities of bank holding companies, banks, thrift institutions, insurance companies and other financial companies, including, but not limited to, finance companies, mortgage companies, asset managers and credit card companies. While the funds focus mainly on investments in securities of financial institutions, they may also invest in securities of non-financial institutions.

Recent Transactions

Details Hidden

Alerus Financial, NA, Alerus Financial Corp. purchase Alliance Benefit Group North Central States, Inc.

Details Hidden

Alerus Financial, NA, Alerus Financial Corp. purchase Beacon Bank from Excelsior Financial Services, Inc. (Minnesota)

Details Hidden

Alerus Financial Corp. raised money in a private placement transaction

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

$266M

Total Enterprise Value

$388M

Earnings Per Share

$1.84

Revenue

$190M

Total Debt

$152M

Net Profit

$25.9M

Enterprise Value Sales

2.04x

Total Equity

$197M

TEVNet Income

15x

Debt TEV

0.39x

Five Year Compounded Annual Growth Rate Of Revenue

7.92%

Three Year Compounded Annual Growth Rate Of Revenue

8.38%

Non-Profit Donations & Grants

$500 - $1,499

2007

The Children’s Theater Company

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