Alerus Financial

General Information

(Note: A public offering: Prior to this offering, shares of our common stock were quoted on the OTC Markets Group, Inc. OTCQX Marketplace under the symbol “ALRS.”)

We are a diversified financial services company headquartered in Grand Forks, North Dakota. Through our subsidiary, Alerus Financial, National Association, we provide innovative and comprehensive financial solutions to businesses and consumers through four distinct business lines—banking, retirement and benefit services, wealth management and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology.

Employees: 792
Founded: 1879
Contact Information
Address 401 Demers Avenue, Grand Forks, ND 58201, US
Phone Number (701) 795-3200
Web Address
View Prospectus: Alerus Financial
Financial Information
Market Cap $350.2mil
Revenues $75.6 mil (last 12 months)
Net Income $28.2 mil (last 12 months)
IPO Profile
Symbol ALRS
Exchange NASDAQ
Shares (millions): 2.9
Price range $21.00 - $21.00
Est. $ Volume $60.1 mil
Manager / Joint Managers RAYMOND JAMES/ D.A. Davidson & Co.
CO-Managers Piper Jaffray
Expected To Trade: 9/13/2019
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change