Alerus Financial Corporation Announces Cash Dividend for Common Shares

Alerus Financial Corporation Increases Quarterly Cash Dividend to $0.20 per Common Share”

Alerus Financial Corporation (NASDAQ: ALRS) has announced that its board of directors approved a regular quarterly cash dividend of $0.20 per common share on May 21, 2024. This represents a 5.26% increase over the dividend paid a year ago. The dividend is scheduled to be paid on July 15, 2024, to shareholders of record as of the close of business on June 14, 2024. Investors can access current and historical dividend information, along with quarterly financial statements, investor presentations, and earnings call transcripts, through Alerus’ investor relations website at

About Alerus Financial Corporation

Alerus Financial Corporation (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider headquartered in Grand Forks, North Dakota, with additional corporate offices in the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, National Association, Alerus offers a comprehensive range of financial solutions to business and consumer clients, including banking, wealth services, retirement and benefits plans, and services. Alerus aims to provide personalized financial guidance and solutions tailored to meet the unique needs and preferences of its clients, supported by digital solutions. Alerus has banking and wealth offices located in Grand Forks and Fargo, North Dakota; the Minneapolis-St. Paul metropolitan area; and Phoenix and Scottsdale, Arizona. Alerus Retirement and Benefits serves advisors, brokers, employers, and plan participants nationwide.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties are detailed in the “Risk Factors” sections of reports filed by Alerus Financial Corporation with the Securities and Exchange Commission. Forward-looking statements are based on current beliefs, expectations, and assumptions regarding future business performance, plans, and strategies, economic conditions, and other factors affecting future conditions. Alerus Financial Corporation undertakes no obligation to publicly update any forward-looking statement, whether written or oral, as a result of new information, future developments, or otherwise, except as required by law

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