Alerus Financial Corporation (ALRS)
NASDAQ: ALRS · Real-Time Price · USD
20.44
-0.70 (-3.31%)
At close: Aug 1, 2025, 4:00 PM
20.44
0.00 (0.00%)
After-hours: Aug 1, 2025, 4:10 PM EDT

Company Description

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

The company operates through three segments: Banking, Retirement and Benefit Services, and Wealth. It offers demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, noninterest-bearing deposits, interest-bearing checking accounts, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault, merchant, and other cash management services.

The company also provides commercial loans, business term loans, and lines of credit; commercial real estate, and commercial and industrial loans; consumer lending products, including residential first mortgage loans; and installment loans, and loans collateralized by cash and marketable securities.

In addition, it offers retirement plan, and investment advisory services, employee stock ownership plan, investment fiduciary services, health savings accounts, flex spending accounts, COBRA recordkeeping, and other administration services, as well as individual retirement accounts; and financial planning, investment management, personal and corporate trust, estate administration, and custody services.

Further, the company provides debit cards, personal and business loans, credit cards, online and mobile banking/wallet, private banking, deposit and payment solutions, administration, and government health insurance program services.

The company was formerly known as First National Bank North Dakota and changed its name to Alerus Financial Corporation in 2000.

Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

Alerus Financial Corporation
Alerus Financial logo
CountryUnited States
Founded1879
IPO DateSep 13, 2019
IndustryBanks - Regional
SectorFinancials
Employees892
CEOKatie Lorenson

Contact Details

Address:
401 Demers Avenue
Grand Forks, North Dakota 58201
United States
Phone701 795 3200
Websitealerus.com

Stock Details

Ticker SymbolALRS
ExchangeNASDAQ
Stock TypeCommon Stock
Fiscal YearJanuary - December
Reporting CurrencyUSD
IPO Price$21.00
CIK Code0000903419
CUSIP Number01446U103
ISIN NumberUS01446U1034
Employer ID45-0375407
SIC Code6021

Key Executives

NamePosition
Katie A. Lorenson CPAPresident, Chief Executive Officer and Director
Daniel Edmund CoughlinExecutive Chairman
Alan A. VillalonExecutive Vice President and Chief Financial Officer
Karin M. TaylorExecutive Vice President and Chief Operating Officer
Jim R. CollinsExecutive Vice President and Chief Banking and Revenue Officer
Forrest Rexford WilsonExecutive Vice President and Chief Retirement Services Officer
Kari KoobDirector of Accounting
Bonnie Upham CPAChief Compliance Officer
Missy S. KeneyExecutive Vice President and Chief Engagement Officer
Joseph BirkholzChief Risk Officer

Latest SEC Filings

DateTypeTitle
Jul 28, 20258-KCurrent Report
May 22, 20258-KCurrent Report
May 13, 2025SCHEDULE 13G/AFiling
May 12, 20258-KCurrent Report
May 6, 202510-QQuarterly Report
Apr 28, 20258-KCurrent Report
Mar 28, 2025ARSFiling
Mar 28, 2025DEFA14AAdditional definitive proxy soliciting materials and Rule 14(a)(12) material
Mar 28, 2025DEF 14AOther definitive proxy statements
Mar 18, 2025PRER14AFiling