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Alerus (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider. We deliver diversified financial services including commercial and industrial banking, business banking, consumer banking and mortgage, wealth management, and retirement and benefits services. With thousands of commercial and consumer clients across our footprint, our experienced team serves a wide range of needs and industries. Our banking and wealth offices are in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix and Scottsdale, Arizona. Our retirement and benefits team serves advisors, brokers, employers, and plan participants across the United States. Our purpose to help our clients achieve theirs. Our core values — Passion for Excellence, Success is Never Final, Do the Right Thing, One Alerus — guide our mission to deliver holistic advice and exceptional service to our clients to help them achieve their financial goals. Through our employee stock ownership plan (ESOP), our team members are also company owners and have a vested interest in our clients’ success. With roots tracing back to 1879, we are a highly diversified company with a long-tenured history and commitment to serving our communities. We consistently receive recognition as a great place to work and do business, and we continuously strive to be a preferred employer and business partner. Preferred SBA Lender Member FDIC Equal Housing Lender Equal Opportunity Employer Investment products are not FDIC insured, not guaranteed, and may lose value.

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Website https://www.alerus.com/
Ticker ALRS
Revenue $196 million
Funding $50 million
Employees 749 (609 on RocketReach)
Founded 1879
Address 401 DeMers Ave., Grand Forks, North Dakota 58201, US
Phone (701) 795-3200
Fax (701) 795-2663
Technologies
Industry Banking, Financial Services, Personal and Business Banking Services, Finance, Mortgage Lending, Lending and Investments, Retirement Plans (401k, profit sharing, ESOP), Venture Capital, Investment Services, Cash Management Services, Financial Planning, Trust & Estate Planning, Insurance, Wealth Management
Web Rank 359251
Web Visits 114480
Keywords Financial Services, Business Banking, Wealth Management, Consumer Banking, Residential Mortgage, Retirement Plans, Benefits Administration, Financial Wellness
Competitors Bank Alfalah Limited, First Financial Bank, First Midwest Bank, Southern Bank, Union Bank & Trust
SIC SIC Code 60 Companies, SIC Code 6021 Companies, SIC Code 602 Companies
NAICS NAICS Code 5223 Companies, NAICS Code 52 Companies, NAICS Code 522 Companies

Alerus Questions

The Alerus annual revenue was $196 million in 2024.

Kris Compton is the COO of Alerus.

609 people are employed at Alerus.

Alerus is based in Grand Forks, North Dakota.

The NAICS codes for Alerus are [5223, 52, 522].

The SIC codes for Alerus are [60, 6021, 602].

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