Financial Snapshot
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About ALERUS FINANCIAL CORP
Alerus Financial Corp. engages in the provision of business and consumer financial products and services through its subsidiary, Alerus Financial NA. The company is headquartered in Grand Forks, North Dakota and currently employs 709 full-time employees. The company went IPO on 2001-07-27. Through its subsidiary, Alerus Financial, National Association, it provides financial solutions to businesses and consumers. The company operates in three segments. The Banking segment offers a complete line of loans, deposits, cash management, mortgage loans, 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 company operates over 29 banking and wealth offices, with locations in Grand Forks, North Dakota; the Minneapolis-St. Paul, Minnesota metropolitan area; Rochester, Minnesota; southern Minnesota, Marshalltown, Iowa, and others.
Industry: National Commercial Banks Peers: Apollo Global Management, Inc. Equitable Holdings, Inc. Voya Financial, Inc. Jackson Financial Inc. SOURCE CAPITAL INC /DE/