---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-103191"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2024-09-26T23:59:59+00:00"
generated_at: "2026-05-31T01:43:33.959064+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alerus and HMN Financial receive stockholder and regulatory approvals for merger; close expected early Q4 2024

## Summary
- Stockholders of both Alerus and HMNF approved the all-stock merger during special meetings on September 12, 2024.
- All necessary regulatory approvals have been received; closing expected early Q4 2024 subject to customary conditions.
- Combined company will have ~$5.5B total assets, $3.7B loans, $4.3B deposits, and $43.1B assets under administration.
- Addition of Home Federal's 12 branches expands Alerus' footprint to 29 locations across the Midwest and Arizona.
- Transaction unanimously approved by both boards; management cites shared values and client service commitment.

## SEC filing metadata
- accession: 0001104659-24-103191
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2024-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000110465924103191/0001104659-24-103191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465924103191/tm2424767d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-103191
- JSON: https://secwatch.observer/filing/0001104659-24-103191.json
- Plain text: https://secwatch.observer/filing/0001104659-24-103191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.