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.

Contact Data
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In The News
St. Paul Pioneer Press (Minnesota)
December 9, 2019
Business People: Fed conducting small-business credit survey
Global Banking News
November 18, 2019
-Alerus Financial declares dividend
SNL Financial
November 15, 2019
Alerus Financial ups dividend
Executives & Employees

President, Chief Executive Officer, Chairman of the Board

Executive Vice President & Chief Financial Officer

Chief Development Officer

Executive Vice President & Chief Risk Officer

Chief Information Officer

Chief Strategy Officer & Executive Vice President

Chief Business Officer

Group President, Director-Sales & Services

Executive Vice President & Director-Banking Services

Executive Vice President & Director-Wealth Management

Board of Directors

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

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

President at Galeo Group LLC

Former Partner at RSM US LLP

Senior Vice President & Chief Information Officer at Deluxe Corp.

Former President at Virtual Systems, Inc.

Former President & Chief Executive Officer at Forum Communications Co.

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Owners & Shareholders
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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.

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M3F focuses on investments in the US bank and thrift sector.

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FJ Capital Management manages a long/short equity hedge fund that employs a fundamental investment approach and focuses on investments in underfollowed financial institutions and small- and mid-cap banks and thrifts.

Recent Transactions
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Alerus Financial Corp. issued USD Common Stock

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

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

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onAlerus Financial Corp. purchases PensionTrend Investment Advisers LLC

Underwriter

Advised onAlerus Financial Corp. issued USD Common Stock

Escrow Agent

Advised onAlerus Financial Corp. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Former Partner at Faegre Baker Daniels LLP

Key Stats and Financials As of 2018
Market Capitalization
$369M
Total Enterprise Value
$388M
Earnings Per Share
$1.84
Revenue
$190M
Total Debt
$152M
Net Profit
$25.9M
Enterprise Value Sales
2.04x
TEVNet Income
15x
Total Equity
$197M
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
Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Wells Fargo & Co. Retail & Commercial Banking - SAN FRANCISCO, CA

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

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