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Alerus Financial Corp
401 Demers Ave
Phone: (701) 795-3200p:701 795-3200 GRAND FORKS, ND  58201-4574  United States Ticker: ALRSALRS
Business Summary
Alerus Financial Corporation is a diversified financial services company. Through its subsidiary, Alerus Financial, National Association (the Bank), the Company provides financial solutions to businesses and consumers. The Company's segments include Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. The Banking segment offers a complete line of loan, deposit, cash management, and treasury services. The Retirement and Benefit Services segment provides various services, including recordkeeping and administration services to qualified retirement plans; ESOP trustee, recordkeeping, and administration; and investment fiduciary services to retirement plans, among others. The Wealth Management segment provides advisory and planning services, investment management, and trust and fiduciary services. The Mortgage segment offers first and second mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the banking office locations.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes---

Industries
SIC Code Description
6029 Commercial banks, not elsewhere classified
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Daniel E.Coughlin 61 5/10/2022 1/1/2016
President, Chief Executive Officer, Director Katie A.Lorenson 43 1/1/2022 12/1/2017
Chief Financial Officer, Executive Vice President Alan A.Villalon 50 1/1/2024 2/1/2022
9 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
MPB BHC Inc 4686 E. Van Buren Street, Suite 150 PHOENIX AZ United States
Retirement Planning Services, Inc. 4 W Dry Creek Circle Littleton CO United States
Private Bancorp, Inc. 222 S 9th Street Minneapolis MN United States
3 additional Subsidiary records available in full report.

Business Names
Business Name
Alerus Appraisals Corporation
Alerus Financial Insurance Services Corporation
Alerus Financial, N.A.
12 additional Business Names available in full report.

General Information
Number of Employees: 709 (As of 12/31/2023)
Outstanding Shares: 19,885,905 (As of 3/12/2024)
Shareholders: 227
Stock Exchange: NASD
Federal Tax Id: 450375407
Fax Number: (302) 655-5049


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Tuesday, April 16, 2024