Alerus Financial Corporation (ALRS)

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About Alerus Financial Corporation

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates through four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. It offers various deposit products, including demand deposits, checking accounts, interest-bearing transaction accounts, money market accounts, time and savings deposits, and certificates of deposit; and treasury management products, including electronic receivables management, remote deposit capture, cash vault services, merchant services, and other cash management services. The company also provides commercial loans, business term loans, lines of credit, and commercial real estate loans, as well as construction and land development loans; consumer lending products, including residential first mortgage loans; installment loans and lines of credit; and second mortgage loans. In addition, it offers retirement plan administration and investment advisory services, employee stock ownership plan, fiduciary services, payroll, health savings accounts, and other benefit 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 and credit cards, online banking, mobile banking/wallet, payment, private banking, payroll accounts, flex spending accounts, administration, and government health insurance program services. It offers banking services through fourteen offices in North Dakota, Minnesota, and Arizona; and retirement and benefit plans in 50 states through offices located in Michigan, Minnesota, and Colorado. 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. Address: 401 Demers Avenue, Grand Forks, ND, United States, 58201

Alerus Financial Corporation News and around…

Latest news about Alerus Financial Corporation (ALRS) common stock and company :

Alerus Financial Corporation Declares Cash Dividend on Common Shares
19 Jan, 2022 FinancialContent

Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.16 per common share, a 6.7% increase over the dividend paid a year ago. The dividend is payable on April 8, 2022, to shareholders of record as of close of business on March 18, 2022. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com.

Earnings Preview: Alerus (ALRS) Q4 Earnings Expected to Decline
19 Jan, 2022 Yahoo! Finance

Alerus (ALRS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Should You Hold Owl Rock Capital (ORCC) in Your Portfolio?
13 Jan, 2022 Yahoo! Finance

Banking on a robust portfolio and strategic measures, Owl Rock Capital (ORCC) holds potential to reap benefits for investors.

MoneyGram (MGI) Shares Jump 4.5% on Japanese Smiles Deal
12 Jan, 2022 Yahoo! Finance

MoneyGram International's (MGI) deal with Digital Wallet Corporation to enable Smiles wallet users to leverage MoneyGram's extensive network globally.

Are Investors Undervaluing These Finance Stocks Right Now?
11 Jan, 2022 Yahoo! Finance

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here's What Alerus Financial Corporation's (NASDAQ:ALRS) Shareholder Ownership Structure Looks Like
10 Jan, 2022 Yahoo! Finance

Every investor in Alerus Financial Corporation ( NASDAQ:ALRS ) should be aware of the most powerful shareholder groups...

Is Houlihan Lokey (HLI) Outperforming Other Finance Stocks This Year?
07 Jan, 2022 Yahoo! Finance

Here is how Houlihan Lokey (HLI) and Alerus (ALRS) have performed compared to their sector so far this year.

Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2021 Financial Results on Wednesday, January 26
03 Jan, 2022 FinancialContent

Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2021 financial results after market close on Wednesday, January 26, 2022.

Euronet (EEFT) Up 11.4% in Past Month: More Growth Ahead?
28 Dec, 2021 Yahoo! Finance

We are hopeful that Euronet's (EEFT) top line is set to continue delivering strong numbers on the back of solid segmental results and a slew of product and service launches.

Hartford Financial (HIG) Up 42.5% in Past Year: More Room Left?
20 Dec, 2021 Yahoo! Finance

Hartford Financial's (HIG) cost-control initiatives are likely to lower costs to a great extent and boost the bottom line.

Behind the deal: Metro Phoenix Bank sees enhanced client services, more growth after Alerus acquisition
20 Dec, 2021 Yahoo! Finance

Metro Phoenix Bank CEO Steve Haggard has been busy since news broke earlier this month that Alerus Financial would buy his bank. Haggard is hopeful the combination will only lead to more growth in the years to come. "We're going to be positioned to really do some real great things," he said.

Euronet's (EEFT) REN, Jalin to Enhance Payments Platform
15 Dec, 2021 Yahoo! Finance

Euronet's (EEFT) REN platform collaborates with Jalin to boost Indonesia's largest state-owned banking network.

MPB BHC ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MPHX and Encourages Investors to Contact the Firm
14 Dec, 2021 Yahoo! Finance

NEW YORK, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of MPB BHC, Inc. (Other OTC: MPHX) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Alerus Financial Corporation (NASDAQ: ALRS). Click here to learn more and participate in the action. On December 8, 2021, MPB announced that it had en

ProAssurance (PRA) Up 31.5% in A Year: More Growth Ahead?
14 Dec, 2021 Yahoo! Finance

ProAssurance's (PRA) cost-control initiatives are likely to lower costs to a great extent and boost the bottom line.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of MPB BHC, Inc. Merger
10 Dec, 2021 Yahoo! Finance

WILMINGTON, Del., Dec. 10, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating MPB BHC, Inc. (“MPB”) (OTC: MPHX) regarding possible breaches of fiduciary duties and other violations of law related to MPB’s agreement to be acquired by Alerus Financial Corporation (“Alerus”) (NASDAQ CM: ALRS). Under the terms of the agreement, MPB’s shareholders will receive 0.74 units of Alerus for each share of MPB common stock they own. To learn more about this investigation and your

SHAREHOLDER ALERT: WeissLaw LLP Investigates MPB BHC, INC.
10 Dec, 2021 Yahoo! Finance

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MPB BHC, INC. ("MPB" or the "Company") (OTC: MPHX), in connection with the proposed acquisition of the Company by Alerus Financial Corporation ("Alerus") (NASDAQ: ALRS). Under the terms of the merger agreement, MPB's shareholders will receive 0.74 of a share of Alerus for each MPB share they own, representing implied per-share merger consideration of approximately $14.32 bas

Metro Phoenix Bank, one of the few banks based in Arizona, to be acquired by North Dakota chain
09 Dec, 2021 Yahoo! Finance

Metro Phoenix Bank, one of the few remaining banks headquartered in Arizona, will be acquired by Alerus Financial Corp. of Grand Forks, North Dakota. The move follows a decades-long pattern of banks in other states using acquisitions to secure a foothold in Phoenix's growing market.

PRA Group (PRAA) Up 13.2% in 6 Months: More Growth Ahead?
09 Dec, 2021 Yahoo! Finance

PRA Group's (PRAA) strong capital position indicates the possibility of a rise in purchasing volumes for 2022.

MPB BHC, INC., The Holding Company For Metro Phoenix Bank, Enters Into A Merger Agreement With Alerus Financial Corporation
08 Dec, 2021 Yahoo! Finance

MPB BHC, INC. ("MPB") (OTCPink:MPHX), the holding company for Metro Phoenix Bank, announced today the signing of a merger agreement with Alerus Financial Corporation ("Alerus") (NASDAQ: ALRS). The definitive agreement and plan of merger to acquire MPB, the largest full-service community bank headquartered in Phoenix, represents the twenty-fifth acquisition for Alerus since 2000 as part of its long-term plan to continually expand its four business segments—banking, retirement and benefits service

Alerus Announces Acquisition of Metro Phoenix Bank
08 Dec, 2021 FinancialContent

Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today the signing of a definitive agreement and plan of merger to acquire MPB BHC, Inc. (“MPHX”) (OTCPK: MPHX), the bank holding company for Metro Phoenix Bank, the largest full-service community bank headquartered in Phoenix. The transaction represents the twenty-fifth acquisition for Alerus since 2000 as part of its long-term plan to continually expand its four business segments—banking, retirement and benefits services, wealth management, and mortgage. Alerus has been operating in the Phoenix market since 2009.

Alerus Financial Corp. (ALRS) Q3 2021 Earnings Call Transcript
28 Oct, 2021 FinancialContent

ALRS earnings call for the period ending September 30, 2021.

Alerus Financial Corporation Reports Third Quarter 2021 Net Income of $13.1 Million
27 Oct, 2021 FinancialContent

Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $13.1 million for the third quarter of 2021, or $0.74 per diluted common share, compared to net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021, and net income of $17.7 million, or $0.99 per diluted common share, for the third quarter of 2020.

Preview: Alerus Financial's Earnings
26 Oct, 2021 FinancialContent

Alerus Financial (NASDAQ:ALRS) is set to give its latest quarterly earnings report on Wednesday, 2021-10-27. Here's what investors need ...

Janet Estep, Jill Schurtz, and Mary Zimmer Join Board of Directors for Alerus Financial Corporation
21 Oct, 2021 FinancialContent

Alerus Financial Corporation (NASDAQ: ALRS) (the “Company”) is honored to announce the addition of Janet O. Estep, Jill E. Schurtz, and Mary E. Zimmer to its board of directors. Ms. Estep is an experienced executive with extensive knowledge of digital technology, electronic payments, strategic planning, mergers and acquisitions, product development, and sales, marketing, and risk management. Ms. Schurtz is the current CEO and Chief Investment Officer of the St. Paul Teachers’ Retirement Fund Association and brings expertise in investment and portfolio management, retirement administration, investment banking, mergers and acquisitions, and sales and marketing management. Ms. Zimmer is a highly accomplished financial industry executive with extensive knowledge of wealth management, capital markets, strategic planning, client segmentation, and product development.

5 Value Stocks To Watch In The Financial Services Sector
21 Oct, 2021 FinancialContent

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that ...

Alerus Financial Corporation to Announce Third Quarter 2021 Financial Results on Wednesday, October 27
01 Oct, 2021 FinancialContent

Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2021 financial results on Wednesday, October 27, 2021.

Alerus Financial Corporation Announces CEO Transition
20 Sep, 2021 FinancialContent

Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that its Board of Directors appointed Katie A. Lorenson, the Company’s current Executive Vice President and Chief Financial Officer, as the Company’s next President and Chief Executive Officer, effective January 1, 2022. Ms. Lorenson will also join the Company’s Board of Directors upon assuming her new role. Randy L. Newman will transition to the role of Executive Chairman of the Board to ensure a seamless leadership transfer.

A Look Into Financial Services Sector Value Stocks
12 Aug, 2021 FinancialContent

What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's ...

Alerus Performance Earns Spot Among Top 10 Banks in U.S.
03 Aug, 2021 FinancialContent

Alerus is pleased to announce Bank Director magazine has named it the #9 overall performing bank out of the 300 largest publicly traded U.S. banks.

Alerus Financial Corp. (ALRS) Q2 2021 Earnings Call Transcript
31 Jul, 2021 FinancialContent

ALRS earnings call for the period ending June 30, 2021.

Alerus Financial Corporation (ALRS) is a NASDAQ Common Stock listed in , ,

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