Source-grounded facts extracted from ALERUS FINANCIAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
ALERUS FINANCIAL CORP shareholders approved Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026 at the 2026-05-14 meeting.
“Proposal 3 : The ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026: Votes For Votes Against Abstentions Broker Non-Votes 20,405,133 244,190 3,648 1,386”
ALERUS FINANCIAL CORP shareholders approved Approval, on a non-binding advisory basis, of the 2025 compensation paid to the Company's named executive officers at the 2026-05-14 meeting.
“Proposal 2: For the approval, on a non-binding advisory basis, of the 2025 compensation paid to the Company’s named executive officers: Votes For Votes Against Abstentions Broker Non-Votes 13,525,678 462,923 187,447 6,478,309”
ALERUS FINANCIAL CORP shareholders approved Election of nine director nominees to serve on the Board of Directors until the 2027 Annual Meeting at the 2026-05-14 meeting.
“Proposal 1 : The election of nine (9) director nominees to serve on the Board of Directors of the Company until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified: Director Nominee Votes For Votes Withheld Broker Non-Votes Daniel E. Coughlin 12,742,063 1,433,986 6,478,308 Randy L. Newman 10,813,971 3,362,078 6,478,308 Galen G. Vetter 12,876,320 1,299,729 6,478,308 Katie A. Lorenson 12,952,431 1,223,618 6,478,308 Janet O. Estep 12,299,613 1,876,436 6,478,308 Mary E. Zimmer 12,936,989 1,239,060 6,478,308 Nikki L. Sorum 13,065,204 1,110,845 6,478,308 John Uribe 12,897,761 1,278,288 6,478,308 Jeffrey W. Bolton 13,109,347 1,066,702 6,478,308”
ALERUS FINANCIAL CORP reported the first quarter of 2026 results: net income $23.0 million, EPS $0.89 per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $23.0 million for the first quarter of 2026, or $0.89 per diluted common share”
ALERUS FINANCIAL CORP amended debt of $50.0 million with Bank of North Dakota at annual fixed interest rate of 6.75% until March 30, 2031 maturing March 30, 2036.
“entered into a Subordinated Note Purchase Agreement (the “Purchase Agreement”) with the Bank of North Dakota (the “Purchaser”), pursuant to which the Company sold and issued a $50.0 million Subordinated Note due 2031 (the “Note”). The Note was issued by the Company to the Purchaser at a price equal to 100% of its face amount. The Company used the net proceeds it”
ALERUS FINANCIAL CORP amended Modification Agreement with Bank of North Dakota (effective 2026-03-30).
“On March 30, 2026, the Company and the Purchaser entered into a Modification Agreement (the “Modification Agreement”), amending certain terms of the Purchase Agreement and the Note.”
ALERUS FINANCIAL CORP: Increased number of authorized shares of common stock from 30,000,000 to 60,000,000 (effective 2025-05-08).
“The Amendment was previously approved by the Board of Directors of the Company (the “Board”), subject to stockholder approval, and became effective on May 8, 2025 upon filing with the Delaware Secretary of State.”
ALERUS FINANCIAL CORP completed an acquisition involving HMN Financial, Inc. for approximately $128.8 million (closed 2024-10-09).
“Alerus Financial Corporation, and Home Federal Savings Bank merged with and into Alerus Financial, National Association. The all-stock transaction is valued at approximately $128.8 million as of closing. Founded in 1934, Home Federal includes 12 branches in Minnesota and one branch in each of Iowa and Wisconsin. As of June 30, 2024, HMNF had, on a consolidated”
Jeffrey Bolton was appointed as Director at ALERUS FINANCIAL CORP.
“appointed one former HMNF director, Jeffrey Bolton, to the Board”
ALERUS FINANCIAL CORP entered into Agreement and Plan of Merger with HMN Financial, Inc. valued at approximately $116.4 million (effective 2024-05-14).
“On May 14, 2024, Alerus Financial Corporation, a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with HMN Financial, Inc., a Delaware corporation (“HMNF”), pursuant to which HMNF will merge into the Company, with the Company as the surviving corporation (the “Merger”).”
ALERUS FINANCIAL CORP shareholders approved Ratification of RSM US LLP as independent registered public accounting firm at the 2024-05-07 meeting.
“Votes For Votes Against Abstentions Broker Non-Votes 15,340,596 81,371 233,056 0”
ALERUS FINANCIAL CORP shareholders approved Election of eight director nominees at the 2024-05-07 meeting.
“Coughlin 10,756,289 522,393 4,376,341 Randy L. Newman 10,090,081 1,188,601 4,376,341 Galen G.”
Jon Hendry departed as Executive Vice President and Chief Technology Officer at ALERUS FINANCIAL CORP.
“On April 25, 2024, Jon Hendry, the Executive Vice President and Chief Technology Officer for Alerus Financial Corporation (the “Company”), notified the Company of his intention to retire from his position on December 31, 2024.”
ALERUS FINANCIAL CORP reported the three months ended March 31, 2024 results: net income $6.4 million, EPS $0.32 per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $6.4 million for the first quarter of 2024, or $0.32 per diluted common share”
Forrest Wilson was appointed as Executive Vice President and Chief Retirement Services Officer at ALERUS FINANCIAL CORP.
“On February 22, 2024, the Company announced that Forrest Wilson has been appointed to the position of Executive Vice President and Chief Retirement Services Officer of the Company, effective February 26, 2024.”
Kevin Lemke departed as Director at ALERUS FINANCIAL CORP.
“On February 16, 2024, Kevin Lemke notified Alerus Financial Corporation (the “Company”) of his decision not to stand for reelection to the Company’s board of directors at the Company’s 2024 annual meeting of stockholders.”
Michael Mathews resigned as member of the board of directors at ALERUS FINANCIAL CORP.
“On February 14, 2024, Michael Mathews notified Alerus Financial Corporation (the “Company”) of his decision to resign as a member of the Company’s board of directors, effective immediately.”
ALERUS FINANCIAL CORP reported the fourth quarter of 2023 results: net income net loss of $14.8 million, EPS ($0.73) per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net loss of $14.8 million for the fourth quarter of 2023, or ($0.73) per diluted common share”
John Uribe was appointed as Director at ALERUS FINANCIAL CORP.
“the Board increased its size to 10 directors and appointed each of Nikki Sorum and John Uribe to the newly-created seats, effective immediately.”
Nikki Sorum was appointed as Director at ALERUS FINANCIAL CORP.
“the Board increased its size to 10 directors and appointed each of Nikki Sorum and John Uribe to the newly-created seats, effective immediately.”
ALERUS FINANCIAL CORP reported the three and nine months ended September 30, 2023 results: net income $9.2 million, EPS $0.45 per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compared to net income of $9.1 million, or $0.45 per diluted common share, for the second quarter of 2023, and net income of $9.6 million, or $0.47 per diluted common share, for the third quarter of 2022.”
Kari Koob was appointed as Director of Accounting and Principal Accounting Officer at ALERUS FINANCIAL CORP.
“Kari Koob will become the new Director of Accounting and Principal Accounting Officer of the Company.”
Jerrod K. Hanson resigned as Chief Accounting Officer at ALERUS FINANCIAL CORP.
“Jerrod K. Hanson notified Alerus Financial Corporation (the “Company”) of his intention to resign from his positions as Chief Accounting Officer and Senior Vice President of the Company and from all of his positions with the Company’s subsidiary bank, Alerus Financial, National Association (the “Bank”), effective August 18, 2023.”
ALERUS FINANCIAL CORP reported second quarter of 2023 results: net income $9.1 million, EPS $0.45 per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.1 million for the second quarter of 2023, or $0.45 per diluted common share”
ALERUS FINANCIAL CORP reported the three months ended March 31, 2023 results: net income $8.2 million, EPS $0.40 per diluted common share.
“MINNEAPOLIS, MN (April 26, 2023) – Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $8.2 million for the first quarter of 2023, or $0.40 per diluted common share, compared to net income of $10.9 million, or $0.53 per diluted common share, for the fourth quarter of 2022, and net income of $10.2 million, or $0.57 per diluted common share, for the first quarter of 2022.”
ALERUS FINANCIAL CORP reported Full Year 2022 results: revenue $211.0 million, net income $40.0 million, EPS $2.10.
“in 2021 ◾ Return on average common equity of 11.55%, compared to 15.22% in 2021 ◾ Return on average tangible common equity (1) of 15.09%, compared to 18.89% in 2021 ◾ Revenue of $211.0 million, a decrease of $23.5 million, or 10.0%, compared to $234.5 million in 2021 o Net interest income was $99.7 million, an increase of $12.6 million, or 14.5%, compared to $87.1”
ALERUS FINANCIAL CORP reported the fourth quarter of 2022 results: net income $10.9 million, EPS $0.53 per diluted common share.
“Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $10.9 million for the fourth quarter of 2022, or $0.53 per diluted common share”
ALERUS FINANCIAL CORP engaged RSM, LLP as its auditor.
“On December 1, 2022, the Audit Committee of the Board of Directors (the “Audit Committee”) of Alerus Financial Corporation (the “Company”) approved the appointment of RSM, LLP (“RSM”) to serve as the Company’s independent registered public accounting firm”
ALERUS FINANCIAL CORP dismissed CliftonLarsonAllen LLP as its auditor.
“On December 1, 2022, the Audit Committee of the Board of Directors (the “Audit Committee”) of Alerus Financial Corporation (the “Company”) approved the dismissal of CliftonLarsonAllen LLP (“CLA”), as the Company’s independent registered public accounting firm”
Jill Schurtz resigned as director at ALERUS FINANCIAL CORP.
“On September 30, 2022, Jill Schurtz notified Alerus Financial Corporation (the “Company”) of her decision to resign as a member of the Company’s board of directors, effective immediately.”
Ann McConn departed as Chief Shared Services Officer at ALERUS FINANCIAL CORP.
“On July 20, 2022, Ann McConn, the Chief Shared Services Officer for Alerus Financial Corporation (the “Company”) announced her intention to retire from her position, with an anticipated retirement date of January 6, 2023.”
Jim Collins was appointed as Executive Vice President and Chief Banking and Revenue Officer at ALERUS FINANCIAL CORP.
“On May 31, 2022, Alerus Financial Corporation (the “Company”) announced that Jim Collins has been appointed to the position of Executive Vice President and Chief Banking and Revenue Officer of the Company, effective May 31, 2022.”
Jerrod Hanson was appointed as Chief Accounting Officer at ALERUS FINANCIAL CORP.
“On January 28, 2022, the Company announced that, effective on January 28, 2022, Jerrod Hanson will become the new Chief Accounting Officer and Senior Vice President of the Company”
Alan Villalon was appointed as Chief Financial Officer at ALERUS FINANCIAL CORP.
“On January 28, 2022, Alerus Financial Corporation (the “Company”) announced that, effective on February 1, 2022, Alan Villalon will become the new Chief Financial Officer of the Company”
Mary E. Zimmer was appointed as Director at ALERUS FINANCIAL CORP.
“the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.”
Jill E. Schurtz was appointed as Director at ALERUS FINANCIAL CORP.
“the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.”
Janet O. Estep was appointed as Director at ALERUS FINANCIAL CORP.
“the Board increased its size to 10 directors and appointed each of Janet O. Estep, Jill E. Schurtz and Mary E. Zimmer to the newly-created seats, effective immediately.”
Ryan S. Goldberg resigned as Executive Vice President and Chief Revenue Officer at ALERUS FINANCIAL CORP.
“On October 14, 2021, Ryan S. Goldberg notified Alerus Financial Corporation (the “Company”) of his intention to resign from his positions as Executive Vice President and Chief Revenue Officer of the Company and from all of his positions with the Company’s subsidiary bank, effective October 14, 2021.”
Katie A. Lorenson was appointed as Director at ALERUS FINANCIAL CORP.
“appointed Katie Lorenson as a director to fill the vacancy created by this increase.”
Katie A. Lorenson was appointed as President and Chief Executive Officer at ALERUS FINANCIAL CORP.
“Katie A. Lorenson, will become the new President and Chief Executive Officer of the Company.”
Randy L. Newman retired as President and Chief Executive Officer at ALERUS FINANCIAL CORP.
“Randy L. Newman will retire from his roles as President and Chief Executive Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.