Alerus Financial Corporation

About Alerus Financial Corporation

Alerus Financial is a financial institution dedicated to helping individuals and businesses achieve their financial goals by providing personalized support, resources, and guidance. Their purpose is to partner with clients to bring their financial aspirations to life.

Products & Services

Personal Banking:Includes checking accounts, savings accounts, credit cards, and digital banking tools like My Alerus for managing money.

Personal Borrowing:Offers home loans with a $20,000 closing guarantee and personal loans or lines of credit.

Personal Investment and Planning:Provides investment services and financial planning for individuals.

Business Banking:Includes business checking, savings, online/mobile banking, and business credit cards.

Business Financing:Offers business loans, lines of credit, commercial real estate lending, SBA lending, and equipment financing.

Treasury & Cash Management:Provides payment solutions, receivables solutions, fraud prevention, and merchant services for businesses.

Industry Solutions:Specialized services for agriculture, commercial real estate, HOA/community associations, nonprofits, outdoor media lending, and property management.

Employee Benefits:Includes retirement plans, investment advisory services, health savings accounts, and COBRA for businesses.

Wealth Management:Offers financial planning, investment management, trust & fiduciary planning, retirement planning, and insurance services for individuals, families, businesses, corporations, nonprofits, and foundations, along with private banking.

Specialties

Personal Banking Business Banking Wealth Management Digital Banking Commercial Real Estate Lending Retirement Planning Financial Planning Investment Management

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 172300000 MR: - FA: 172.3 million FAN: 172300000	D: 2023-12-15 FD: 2023-12-15	-

Debt Latest

2023-12-15

$172.3M

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

K

Kari Vien

Financial Advisor

A

Adam Denny

Director of Information Technology Business Solutions

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