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Alerus Financial Corporation (ALRS)

20.30 -0.24 (-1.17%)
At close: April 26 at 4:00 PM EDT
20.30 0.00 (0.00%)
After hours: April 26 at 4:20 PM EDT

Key Executives

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.
NameTitlePayExercisedYear Born
Ms. Katie A. Lorenson President, CEO & Director 818.4k -- 1981
Ms. Karin M. Taylor Executive VP, Chief Risk & Operating Officer 513.38k -- 1968
Mr. Jim R. Collins Executive VP and Chief Banking & Revenue Officer 601.52k -- 1972
Mr. Alan A. Villalon Executive VP & CFO -- -- 1974
Mr. Sunil N. Swami Chief Investment Officer -- -- 1957
Ms. Kari Koob Director of Accounting & Principal Accounting Officer -- -- 1985
Mr. Jonathan N. Hendry Executive VP & CTO -- -- 1966
Ms. Bonnie Upham CPA Chief Compliance Officer -- -- --
Mr. Scott Fenske General Counsel & Corporate Secretary -- -- --
Mr. Wade Dykema Director of Sales, Alerus Retirement & Benefits -- -- --

Alerus Financial Corporation

401 Demers Avenue
Grand Forks, ND 58201
United States
701 795 3200 https://alerus.com
Industry: 
Banks - Regional
Full Time Employees: 
709

Description

Alerus Financial Corporation operates as the bank holding company for Alerus Financial, National Association that engages in the provision of various financial services to businesses and consumers. The company operates in four segments: Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. It offers various deposit products, including demand deposits, interest-bearing transaction accounts, money market accounts, time and savings deposits, checking accounts, 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 in North Dakota, Minnesota, and Arizona; and retirement and benefit plans 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.

Corporate Governance

Alerus Financial Corporation’s ISS Governance QualityScore as of April 1, 2024 is 3. The pillar scores are Audit: 3; Board: 2; Shareholder Rights: 4; Compensation: 6.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS) Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.

Recent Events

  • Apr 24, 2024
    8-K: Corporate Changes & Voting Matters
    See Full Filing
  • Apr 12, 2024
    Dividend Date
  • Mar 25, 2024
    ARS: Annual Report to Shareholders
    See Full Filing
  • Mar 14, 2024
    Ex-Dividend Date
  • Mar 08, 2024
    10-K: Periodic Financial Reports
    See Full Filing

Upcoming Events

Jul 24, 2024 - Jul 29, 2024
Alerus Financial Corporation Earnings Call

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