ALRS

Alerus Financial Corporation (NASDAQ:ALRS) is a diversified financial services company founded in 1879 and headquartered in Grand Forks, North Dakota. Originally established as First National Bank North Dakota, the company rebranded to Alerus Financial Corporation in 2000 and went public in 2003. Over its 145-year history, Alerus has evolved from a traditional community bank into a multi-faceted financial services provider operating across four distinct business segments. The company has grown through both organic expansion and strategic acquisitions, most notably completing the acquisition of Home Federal in 2024, which expanded its total assets to over $5 billion and significantly enhanced its market presence across North Dakota, Minnesota, and Arizona.