Alerus Financial Corporation Declares Cash Dividend on Common Shares

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GRAND FORKS, ND–(BUSINESS WIRE)–Alerus Financial Corporation (NASDAQ: ALRS) announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per common share, an increase of 6.7% over the dividend paid there. a year ago. The dividend is payable on April 8, 2022 to shareholders of record at the close of business on March 18, 2022. Current and historical dividend information, as well as quarterly financial statements, investor presentations and earnings call transcripts are available online through Alerus. ‘ investor relations site at investors.alerus.com.

About Alerus Financial Corporation

Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, NA, Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments: Banking, Retirement and Benefits, Wealth Management and Lending. mortgages. Alerus provides customers with a primary point of contact to help fully understand each customer’s unique needs and delivery channel preferences. Customers receive competitive products, valuable information and sound advice supported by digital solutions designed to meet customer needs. Alerus Financial banking and wealth management offices are located in Grand Forks and Fargo, ND, Minneapolis-St. Paul, MN metro area and Scottsdale and Mesa, AZ. Alerus pension and benefits administration offices are located in St. Paul, MN, East Lansing, MI and Littleton, CO.

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