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)
September 9, 2019
Business People: Alerus Financial files for IPO; APi, Kohnstamm acquired
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
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

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

Former Partner at RSM US LLP

Senior Vice President & Chief Information Officer at Deluxe Corp.

President at Galeo Group LLC

Former President at Virtual Systems, Inc.

Former President & Chief Executive Officer at Forum Communications Co.

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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

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
$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
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