Alerus Financial Corp.

Alerus Financial Corp.

Alerus Financial Corp.

Date Founded




Type of Company



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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Alerus Financial Corp.
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


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
Total Enterprise Value
Earnings Per Share
Total Debt
Net Profit
Enterprise Value Sales
TEVNet Income
Total Equity
Debt TEV
Five Year Compounded Annual Growth Rate Of Revenue
Three Year Compounded Annual Growth Rate Of Revenue
Non-Profit Donations & Grants
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