Alerus Financial declares $0.21 quarterly dividend (+5% YoY) and enters CEO severance agreement

ALERUS FINANCIAL CORP

Quarterly cash dividend $0.21 per share, payable Oct 10, 2025 to holders of record Sept 26, 2025; 5% increase YoY.
Board entered Executive Severance Agreement with CEO Katie A. Lorenson effective Aug 28, 2025.
Severance provides 2x Severance Pay (base + avg bonus + benefits) for termination without cause pre-Change in Control, paid over 12 months.
After a Change in Control, termination provides 2.99x Severance Pay lump sum, with a 24-month evergreen term.

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