Alerus Financial Corp (OQ:ALRS)
Business Focus: Banks
Apr 01, 2024 05:30 pm ET
Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 24
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 24, 2024.
Feb 28, 2024 05:35 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share on February 27, 2024, a 5.56% increase over the dividend paid a year ago. The dividend is payable on April 12, 2024, to stockholders of record as of close of business on March 15, 2024. 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
Feb 22, 2024 03:00 pm ET
Alerus Financial Corporation Names Forrest Wilson Chief Retirement Services Officer
Alerus Financial Corporation (Nasdaq: ALRS) announced today that Forrest Wilson will join Alerus as Executive Vice President and Chief Retirement Services Officer, effective February 26, 2024.
Jan 24, 2024 04:15 pm ET
Alerus Financial Corporation Announces Fourth Quarter 2023 Results, Including Balance Sheet Repositioning
Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share, compared to net income of $9.2 million, or $0.45 per diluted common share, for the third quarter of 2023, and net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022.
Jan 05, 2024 03:01 pm ET
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2023 Financial Results on Wednesday, January 24
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2023 financial results on Wednesday, January 24, 2024.
Dec 19, 2023 04:15 pm ET
Alerus Financial Corporation Sells $172.3M of Debt Securities and Uses Proceeds to Fund Loan Growth, Cut Borrowings
On December 15, 2023, Alerus Financial Corporation (NASDAQ: ALRS) completed the sale of $172.3 million of available-for-sale securities (“AFS”). The sale resulted in a one-time pre-tax net loss of $24.7 million. Proceeds from the sale will be reinvested into loans to new and existing clients throughout the communities the Company serves in addition to paying down borrowings. The weighted average yield on the AFS securities sold was 2.66% and the estimated time to earn back this loss is approximately 3.7 years, compared to the estimated weighted average remaining life of the AFS securities sold
Dec 14, 2023 03:30 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares and Announces New Stock Repurchase Program
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase over the dividend paid a year ago. The dividend is payable on January 12, 2024, to shareholders of record as of close of business on December 27, 2023. 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
Dec 13, 2023 05:30 pm ET
Nikki Sorum, John Uribe Join Board of Directors for Alerus Financial Corporation
Alerus Financial Corporation (Nasdaq: ALRS) is pleased to announce the addition of Nikki Sorum and John Uribe to its board of directors.
Oct 25, 2023 05:22 pm ET
Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million
Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compared to net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023, and net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022.
Sep 21, 2023 05:05 pm ET
Alerus Financial Corporation to Announce Third Quarter Financial Results on Wednesday, October 25
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter financial results on Wednesday, October 25, 2023.
Aug 24, 2023 05:30 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase over the dividend paid a year ago. The dividend is payable on October 13, 2023 to shareholders of record as of close of business on September 15, 2023. 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
Jul 26, 2023 05:06 pm ET
Alerus Financial Corporation Reports Second Quarter 2023 Net Income of $9.1 Million
Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share, compared to net income of $8.2 million, or $0.40 per diluted common share, for the first quarter of 2023, and net income of $9.3 million, or $0.52 per diluted common share, for the second quarter of 2022.
Jun 30, 2023 03:00 pm ET
Alerus Financial Corporation to Announce Second Quarter Financial Results on Wednesday, July 26
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter financial results on Wednesday, July 26, 2023.
May 11, 2023 04:42 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase over the dividend paid a year ago. The dividend is payable on July 14, 2023, to shareholders of record as of close of business on June 15, 2023. 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
Apr 26, 2023 05:50 pm ET
Alerus Financial Corporation Reports First Quarter 2023 Net Income of $8.2 Million
Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compared to net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022, and net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022.
Mar 31, 2023 04:12 pm ET
Alerus Financial Corporation to Announce First Quarter Financial Results on Wednesday, April 26
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter financial results on Wednesday, April 26, 2023.
Feb 21, 2023 02:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.18 per common share, a 12.5% increase over the dividend paid a year ago. The dividend is payable on April 14, 2023, to shareholders of record as of close of business on March 15, 2023. 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
Jan 25, 2023 04:30 pm ET
Alerus Financial Corporation Reports Fourth Quarter 2022 Net Income of $10.9 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share, compared to net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022, and net income of $12.7 million, or $0.72 per diluted common share, for the fourth quarter of 2021.
Jan 03, 2023 04:00 pm ET
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2022 Financial Results on Wednesday, January 25
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2022 financial results on Wednesday, January 25, 2023.
Nov 03, 2022 03:20 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.18 per common share, a 12.5% increase over the dividend paid a year ago. The dividend is payable on January 13, 2023, to shareholders of record as of close of business on December 23, 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
Oct 26, 2022 05:27 pm ET
Alerus Financial Corporation Reports Third Quarter 2022 Net Income of $9.6 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.6 million for the third quarter of 2022, or $0.47 per diluted common share, compared to net income of $9.3 million, or $0.52 per diluted common share, for the second quarter of 2022, and net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of 2021. Excluding the acquisition of Metro Phoenix Bank, earnings per diluted common share were $0.54 for the third quarter of 2022.
Sep 30, 2022 05:30 pm ET
Alerus Financial Corporation to Announce Third Quarter 2022 Financial Results on Wednesday, October 26
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2022 financial results on Wednesday, October 26, 2022.
Sep 13, 2022 05:57 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.18 per common share, a 12.5% increase over the dividend paid a year ago. The dividend is payable on October 14, 2022, to shareholders of record as of close of business on September 30, 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
Jul 27, 2022 05:17 pm ET
Alerus Financial Corporation Reports Second Quarter 2022 Net Income of $9.3 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $9.3 million for the second quarter of 2022, or $0.52 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022, and net income of $11.7 million, or $0.66 per diluted common share, for the second quarter of 2021.
Jul 20, 2022 04:00 pm ET
Alerus Financial Corporation Announces Executive Leadership Changes
Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced a number of changes to its executive leadership team as part of its ongoing management succession plan. Chief Shared Services Officer Ann McConn will retire on January 6, 2023. She will transition her responsibilities to Missy Keney as Chief Engagement Officer and Executive Vice President, and Jon Hendry as Chief Technology Officer and Executive Vice President.
Jul 01, 2022 04:00 pm ET
Alerus Completes Acquisition of Metro Phoenix Bank
Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total deposits as of March 31, 2022. Metro Phoenix Bank operates one branch in Phoenix, serving small- and medium-sized businesses throughout the metro area.
Jun 29, 2022 05:00 pm ET
Alerus Financial Corporation to Announce Second Quarter 2022 Financial Results on Wednesday, July 27
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2022 financial results on Wednesday, July 27, 2022.
May 31, 2022 09:30 am ET
Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer
Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that industry veteran Jim Collins will join the Company as Executive Vice President and Chief Banking and Revenue Officer, effective May 31, 2022.
May 20, 2022 10:42 am ET
Alerus Financial Corporation Announces Appointment of New Chairman
Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced that, effective May 10, 2022, Dan Coughlin was appointed by the Board of Directors to serve as Chairman of the Board.
May 11, 2022 06:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.18 per common share, a 12.5 percent increase over the dividend paid a year ago. The dividend is payable on July 8, 2022, to shareholders of record as of close of business on June 17, 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
Apr 27, 2022 05:30 pm ET
Alerus Financial Corporation Reports First Quarter 2022 Net Income of $10.2 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the first quarter of 2022, or $0.57 per diluted common share, compared to net income of $12.7 million, or $0.72 per diluted common share, for the fourth quarter of 2021, and net income of $15.2 million, or $0.86 per diluted common share, for the first quarter of 2021.
Apr 01, 2022 04:00 pm ET
Alerus Financial Corporation to Announce First Quarter 2022 Financial Results on Wednesday, April 27
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2022 financial results on Wednesday, April 27, 2022.
Jan 28, 2022 09:00 am ET
Alerus Financial Corporation Names New Chief Financial Officer and Chief Accounting Officer
Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) announced today that Alan “Al” Villalon has been named Chief Financial Officer and Executive Vice President of the Company. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Additionally, Jerrod Hanson has been named Chief Accounting Officer and Senior Vice President.
Jan 26, 2022 06:05 pm ET
Alerus Financial Corporation Reports Fourth Quarter 2021 Net Income of $12.7 Million and Record Annual Net Income of $52.7 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of 2021, and net income of $10.2 million, or $0.57 per diluted common share, for the fourth quarter of 2020.
Jan 19, 2022 05:30 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
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
Jan 11, 2022 11:05 am ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Reminds Investors of Investigation of TMX, CCMP, MPHX, and VRS Mergers
Rigrodsky Law, P.A. announces that it is investigating: Terminix Global Holdings, Inc. (“Terminix”) (NYSE: TMX) regarding possible breaches of fiduciary duties and other violations of law related to Terminix’s agreement to be acquired by Rentokil...
Jan 03, 2022 01:00 pm ET
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2021 Financial Results on Wednesday, January 26
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.
Dec 14, 2021 12:40 pm ET
MPB BHC ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MPHX and Encourages Investors to Contact the Firm
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...
Dec 10, 2021 11:44 am ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of MPB BHC, Inc. Merger
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...
Dec 09, 2021 08:26 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Investigates MPB BHC, INC.
NEW YORK, Dec. 9, 2021 /PRNewswire/ -- 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 based upon MPB's December 8, 2021 closing price of $19.35.
Dec 08, 2021 06:30 pm ET
Alerus Announces Acquisition of Metro Phoenix Bank
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.
Dec 08, 2021 05:32 pm ET
MPB BHC, INC., The Holding Company For Metro Phoenix Bank, Enters Into A Merger Agreement With Alerus Financial Corporation
PHOENIX, Dec. 8, 2021 /PRNewswire/ -- 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 services, wealth management, and mortgage. Alerus has been operatin
Nov 23, 2021 03:30 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
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 percent increase over the dividend paid a year ago. The dividend is payable on January 14, 2022, to stockholders of record as of close of business on December 24, 2021. 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
Oct 27, 2021 04:00 pm ET
Alerus Financial Corporation Reports Third Quarter 2021 Net Income of $13.1 Million
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.
Oct 21, 2021 04:00 pm ET
Janet Estep, Jill Schurtz, and Mary Zimmer Join Board of Directors for Alerus Financial Corporation
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, inv
Oct 01, 2021 01:00 pm ET
Alerus Financial Corporation to Announce Third Quarter 2021 Financial Results on Wednesday, October 27
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2021 financial results on Wednesday, October 27, 2021.
Sep 20, 2021 04:15 pm ET
Alerus Financial Corporation Announces CEO Transition
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.
Aug 03, 2021 09:00 am ET
Alerus Performance Earns Spot Among Top 10 Banks in U.S.
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.
Jul 28, 2021 04:00 pm ET
Alerus Financial Corporation Reports Second Quarter 2021 Net Income of $11.7 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $11.7 million for the second quarter of 2021, or $0.66 per diluted common share, compared to net income of $15.2 million, or $0.86 per diluted common share, for the first quarter of 2021, and net income of $11.5 million, or $0.65 per diluted common share, for the second quarter of 2020.
Jul 26, 2021 01:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
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 percent increase over the dividend paid a year ago. The dividend is payable on October 8, 2021, to shareholders of record as of close of business on September 17, 2021. 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
Jul 01, 2021 01:00 pm ET
Alerus Financial Corporation to Announce Second Quarter 2021 Financial Results on Wednesday, July 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2021 financial results after market close on Wednesday, July 28, 2021.
May 25, 2021 03:30 pm ET
Alerus Expands SBA Lending Strength with Addition of 5 Specialists
Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it is strengthening its U.S. Small Business Administration lending capabilities with the addition of an expert SBA team. Led by industry veteran John Kimball, who most recently served as SBA lending manager at MidWestOne Bank, the five-person team collectively has more than 100 years of business banking and small business lending experience at community and regional banks.
May 11, 2021 04:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
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 percent increase over the dividend paid a year ago. The dividend is payable on July 9, 2021, to shareholders of record as of close of business on June 18, 2021. 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
Apr 28, 2021 04:00 pm ET
Alerus Financial Corporation Reports First Quarter 2021 Net Income of $15.2 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $15.2 million for the first quarter of 2021, or $0.86 per diluted common share, compared to net income of $10.2 million, or $0.57 per diluted common share, for the fourth quarter of 2020, and net income of $5.4 million, or $0.30 per diluted common share, for the first quarter of 2020.
Apr 19, 2021 04:26 pm ET
Raymond James Ranks Alerus Among Top 10% of Community Banks
Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this prestigious award recognizes the top 10% of 241 publicly traded community banks in the U.S. with assets between $500 million and $10 billion.
Apr 01, 2021 01:00 pm ET
Alerus Financial Corporation to Announce First Quarter 2021 Financial Results on Wednesday, April 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2021 financial results on Wednesday, April 28, 2021.
Mar 30, 2021 05:38 pm ET
Alerus Financial Corporation Announces Private Placement of a $50 Million Subordinated Note Due 2031
Alerus Financial Corporation (NASDAQ: ALRS) announced that it has completed the private placement of a $50 million Subordinated Note due 2031 (the “Note”) with The Bank of North Dakota (“BND”). The Note will bear interest at a fixed rate of 3.50% until March 30, 2026, and thereafter will bear interest until maturity at the 5-year FHLB advance rate, plus 2.00%, with a minimum annual fixed rate of not less than 3.50%.
Feb 22, 2021 05:00 pm ET
Alerus Financial Corporation Declares Dividend and Announces Stock Repurchase Program
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share. The dividend is payable on April 9, 2021, to shareholders of record as of close of business on March 19, 2021.
Jan 27, 2021 12:00 pm ET
Alerus Financial Corporation Reports Fourth Quarter 2020 Net Income of $10.2 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.2 million for the fourth quarter of 2020, or $0.57 per diluted common share, compared to net income of $17.7 million, or $0.99 per diluted common share, for the third quarter of 2020, and net income of $7.7 million, or $0.43 per diluted common share, for the fourth quarter of 2019.
Dec 31, 2020 12:24 pm ET
Alerus Financial Corporation to Announce Fourth Quarter and Full-Year 2020 Financial Results on Thursday, January 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its fourth quarter and full-year 2020 financial results after market close on Wednesday, January 27, 2021.
Dec 18, 2020 02:29 pm ET
Alerus Acquires Retirement Planning Services, Inc.
Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS), announced today it has completed its previously announced acquisition of Retirement Planning Services, Inc. (“RPS”), which does business as RPS Plan Administrators and 24HourFlex. RPS provides retirement and health benefits administration for more than 1,000 plans, 48,000 plan participants, 300 COBRA clients, and 10,000 COBRA members, and brings more than 30 years of experience to Alerus’ robust retirement and health benefits services division. RPS is based in Littleton, Colorado, which expands Alerus’ geographic footprint to the Rocky Mo
Dec 02, 2020 04:00 pm ET
Alerus Announces Intent to Acquire Retirement Planning Services, Inc.
Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS), announced today it has entered into a definitive agreement to acquire Retirement Planning Services, Inc. (“RPS”), which does business as RPS Plan Administrators and 24HourFlex. RPS provides retirement and health benefits administration for more than 1,000 plans, 48,000 plan participants, 300 COBRA clients, and 10,000 COBRA members, and brings more than 30 years of experience to Alerus’ robust retirement and health benefits services division. RPS is based in Littleton, Colorado, which expands Alerus’ geographic footprint to the Rocky Mount
Nov 17, 2020 04:48 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share. The dividend is payable on January 8, 2021, to shareholders of record as of close of business on December 18, 2020. 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
Oct 28, 2020 05:30 pm ET
Alerus Financial Corporation Reports Third Quarter 2020 Net Income of $17.7 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $17.7 million for the third quarter of 2020, or $0.99 per diluted common share, compared to net income of $11.5 million, or $0.65 per diluted common share, for the second quarter of 2020, and net income of $7.1 million, or $0.48 per diluted common share, for the third quarter of 2019.
Oct 01, 2020 03:00 pm ET
Alerus Financial Corporation to Announce Third Quarter 2020 Financial Results on Wednesday, October 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its third quarter 2020 financial results on Wednesday, October 28, 2020.
Aug 05, 2020 05:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share, a 7.1 percent increase over the dividend paid a year ago. The dividend is payable on October 9, 2020, to shareholders of record as of close of business on September 18, 2020. 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
Jul 28, 2020 04:00 pm ET
Alerus Financial Corporation Reports Second Quarter 2020 Net Income of $11.5 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $11.5 million for the second quarter of 2020, or $0.65 per diluted common share, compared to $5.4 million of net income, or $0.30 per diluted common share, for the first quarter of 2020, and net income of $8.3 million, or $0.59 per diluted common share, for the second quarter of 2019.
Jul 01, 2020 01:00 pm ET
Alerus Financial Corporation to Announce Second Quarter 2020 Financial Results on Tuesday, July 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its second quarter 2020 financial results after market close on Tuesday, July 28, 2020.
May 12, 2020 05:37 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share, a 7.1 percent increase over the dividend paid a year ago. The dividend is payable on July 10, 2020, to shareholders of record as of close of business on June 15, 2020. 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
Apr 28, 2020 04:00 pm ET
Alerus Financial Corporation Reports First Quarter 2020 Net Income of $5.4 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $5.4 million for the first quarter of 2020, or $0.30 per diluted common share, compared to $7.7 million of net income, or $0.43 per diluted common share, for the fourth quarter of 2019, and net income of $6.4 million, or $0.46 per diluted common share, for the first quarter of 2019.
Apr 20, 2020 11:30 am ET
Alerus Financial Corporation Announces Move to Virtual Annual Meeting of Stockholders For 2020
Alerus Financial Corporation (NASDAQ: ALRS) announced that its 2020 Annual Meeting of Stockholders scheduled for Tuesday, May 12, 2020 at 1:30 p.m. CT, will be conducted through virtual means only due to the public health concerns related to the coronavirus (COVID-19) pandemic and to support the health and safety of its stockholders and employees. Stockholders can participate via live webcast, but may not physically attend this year’s meeting.
Apr 03, 2020 08:30 pm ET
Alerus Financial Corporation to Announce First Quarter 2020 Financial Results on Tuesday, April 28
Alerus Financial Corporation (NASDAQ: ALRS) announced that it will issue its first quarter 2020 financial results after market close on Tuesday, April 28, 2020.
Mar 10, 2020 04:00 pm ET
Alerus Financial Corporation Names Ryan Goldberg as Chief Revenue Officer
Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) announced today that Ryan Goldberg will join Alerus as executive vice president and Alerus’ first Chief Revenue Officer, effective March 31, 2020. An accomplished financial executive, Mr. Goldberg brings more than 25 years of successful sales and business leadership to Alerus. He previously served as executive vice president and director of retail banking at Flagstar Bancorp. Prior to Flagstar, Mr. Goldberg served in various roles at Regions Bank for over two decades. These roles included executive vice president and head of priority banki
Feb 19, 2020 10:00 pm ET
Alerus Financial Corporation Declares Cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.15 per common share, a 7.1 percent increase over the dividend paid a year ago. The dividend is payable on April 10, 2020, to shareholders of record as of close of business on March 20, 2020.
Jan 28, 2020 04:00 pm ET
Alerus Financial Corporation Reports Fourth Quarter 2019 Net Income of $7.7 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $7.7 million for the fourth quarter of 2019, or $0.43 per diluted common share, compared to $7.1 million of net income, or $0.48 per diluted common share, for the third quarter of 2019.
Nov 14, 2019 03:16 pm ET
Alerus Financial Corporation Declares cash Dividend on Common Shares
Alerus Financial Corporation (NASDAQ: ALRS) announced that on November 11, 2019, its board of directors declared a regular quarterly cash dividend of $0.15 per common share, a 7.1 percent increase over the dividend paid a year ago. The dividend is payable on January 10, 2020, to shareholders of record as of close of business on December 20, 2019.
Oct 24, 2019 04:00 pm ET
Alerus Financial Corporation Reports Third Quarter 2019 Net Income of $7.1 Million
Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $7.1 million for the third quarter of 2019, or $0.48 per diluted common share, compared to $8.3 million of net income, or $0.59 per diluted common share, for the second quarter of 2019.
Jun 02, 2016 08:00 am ET
OTCQX Dividend Index Launches
NEW YORK, June 2, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of the OTCQX®, OTCQB® and Pink® markets for 10,000 U.S. and global securities, today announced the launch of the OTCQX® Dividend Index (.OTCQXDIV), a new benchmark for tracking the performance of US and International Companies trading on the OTCQX Market that pay a regular dividend.
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