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. 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.

Contact Data
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Executives & Employees

President, Chief Executive Officer, Chairman of the Board

Chief Financial Officer & Executive Vice President

Chief Development Officer

Executive Vice President & Chief Risk Officer

Chief Information Officer

Chief Strategy Officer & Executive Vice President

Chief Business Officer

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 Partner at RSM US LLP

Former Chief Executive Officer at Buffalo Wild Wings, Inc.

President at Galeo Group LLC

Senior Vice President & Chief Information Officer at Deluxe Corp.

President at Virtual Systems, Inc.

President at Happy Harry's Bottle Shop, 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.

Details Hidden

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

Advised onAlerus Financial Corp. purchases PensionTrend Investment Advisers LLC

Investment Advisor

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

Investment Advisor

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

Advisors & Consultants
Legal Advisor

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
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