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Alerus (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider. We help individuals, businesses, and advisors move toward their financial goals with banking, mortgage, wealth management, retirement, and benefits services. We serve thousands of clients across the country through our banking, wealth, and retirement teams. Our offices support clients throughout North Dakota, Minnesota, Iowa, Wisconsin, and Arizona, and our retirement and benefits professionals work with advisors, brokers, employers, and plan participants nationwide. Our purpose is simple: to help our clients achieve theirs. Our core values — Passion for Excellence, Success Is Never Final, Do the Right Thing, and One Alerus — guide how we work and the experience we strive to deliver. We are an employee-owned company through our ESOP, giving our team members a direct stake in our clients’ success. With roots dating back to 1879, we are committed to stability, partnership, and service in the communities we serve. SBA Preferred Lender Member FDIC Equal Housing Lender Equal Opportunity Employer Investment products are not FDIC insured, not guaranteed, and may lose value.

Website https://www.alerus.com/
Ticker ALRS
Revenue $226.2 million
Funding $50 million
Employees 1,003 (628 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, Commercial Banking, Wealth Management, Banking Services, Business Banking, Retirement Planning, Retirement Services, Consumer Banking, Wealth Advisory, Financial Planning, Retirement Accounts, Mortgage Banking, Commercial Loans, Investment Management, Investment Banking, Benefit Services, Business Loans, Mortgage Loans, Estate Planning, Employee Benefits
Competitors Chase, Wells Fargo, Bank of America, PNC, Citizens, KeyBank, SunTrust Investment Services, Inc., TD, Regions Bank, U.S. Bank +35 more (view full list)
SIC SIC Code 60 Companies, SIC Code 6021 Companies, SIC Code 602 Companies
NAICS NAICS Code 522 Companies, NAICS Code 52 Companies, NAICS Code 5223 Companies

Alerus Questions

The Alerus annual revenue was $226.2 million in 2026.

Dan Coughlin is the Chairman of the Board of Alerus.

628 people are employed at Alerus.

Alerus is based in Grand Forks, North Dakota.

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

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

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