Insights

Growing Financial Performance Alerus has demonstrated strong financial growth, with recent quarterly net incomes reaching nearly $17 million and quarterly earnings surpassing estimates. This indicates increased cash flow and potential for expanding their financial product offerings and investment in technology-driven services.

Diversified Service Portfolio The company offers a wide range of financial services including commercial banking, wealth management, and retirement solutions, serving an extensive client base across multiple regions. There is a significant opportunity to cross-sell emerging digital banking solutions and personalized financial planning tools tailored to their diverse client segments.

Technology Integration Alerus utilizes advanced tech stacks like Temenos, Bloomberg, and Angular, highlighting their commitment to innovation. Collaboration opportunities with fintech firms or offering targeted tech-enabled banking and wealth management products could enhance client engagement and operational efficiency.

Expansion Tied to Key Regions With offices in multiple strategic locations such as Minnesota, Wisconsin, and Arizona, Alerus has a footprint that opens avenues to introduce localized financial products or branch-specific digital campaigns, boosting regional growth and customer loyalty.

Client-Centric Approach The company's mission to deliver holistic and exceptional client service, combined with its recognition as a great place to work, suggests an emphasis on customer satisfaction and employee engagement. Developing tailored financial literacy or advisory programs can strengthen client relationships and open new revenue streams.

Alerus Tech Stack

Alerus uses 8 technology products and services including Temenos, Bloomberg, Cherwell, and more. Explore Alerus's tech stack below.

  • Temenos
    Accounting And Finance
  • Bloomberg
    Accounting And Finance
  • Cherwell
    IT Service Management
  • Angular
    Javascript Frameworks
  • styled-components
    Javascript Frameworks
  • C#
    Programming Languages
  • Google
    Search Engines
  • Ruby on Rails
    Web Frameworks

Media & News

Alerus's Email Address Formats

Alerus uses at least 1 format(s):
Alerus Email FormatsExamplePercentage
First.Last@alerus.comJohn.Doe@alerus.com
97%
FLast@alerus.comJDoe@alerus.com
2%
Last.First@alerus.comDoe.John@alerus.com
1%

Frequently Asked Questions

Where is Alerus's headquarters located?

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Alerus's main headquarters is located at 401 DeMers Ave., Grand Forks, ND 58201, US. The company has employees across 2 continents, including North AmericaEurope.

What is Alerus's stock symbol?

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Alerus is a publicly traded company; the company's stock symbol is ALRS.

What is Alerus's official website and social media links?

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Alerus's official website is alerus.com and has social profiles on LinkedIn.

What is Alerus's NAICS code?

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Alerus's NAICS code is 52 - Finance and Insurance.

How many employees does Alerus have currently?

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As of October 2025, Alerus has approximately 998 employees across 2 continents, including North AmericaEurope. Key team members include Chief Risk Officer (cro): J. B.Chief Investment Officer: S. S.Chief Compliance Officer: B. U.. Explore Alerus's employee directory with LeadIQ.

What industry does Alerus belong to?

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Alerus operates in the Financial Services industry.

What technology does Alerus use?

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Alerus's tech stack includes TemenosBloombergCherwellAngularstyled-componentsC#GoogleRuby on Rails.

What is Alerus's email format?

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Alerus's email format typically follows the pattern of First.Last@alerus.com. Find more Alerus email formats with LeadIQ.

When was Alerus founded?

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Alerus was founded in 1879.

Alerus

Financial ServicesUnited States501-1000 Employees

Alerus (Nasdaq: ALRS) is a commercial wealth bank and national retirement services provider. We deliver diversified financial services including commercial and business banking, consumer banking, mortgage, wealth, and retirement and benefits.

With thousands of commercial and consumer clients across our footprint, our experienced team serves a wide range of needs and industries. Our banking and wealth offices are in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, Rochester, Minnesota; the southern Minnesota area; Marshalltown, Iowa; Pewaukee, Wisconsin; and Phoenix and Scottsdale, Arizona. Alerus also operates a commercial wealth office in La Crosse, Wisconsin. Our retirement and benefits team serves advisors, brokers, employers, and plan participants across the United States. 

Our purpose to help our clients achieve theirs. Our core values — Passion for Excellence, Success is Never Final, Do the Right Thing, One Alerus — guide our mission to deliver holistic advice and exceptional service to our clients to help them achieve their financial goals.

Through our employee stock ownership plan (ESOP), our team members are also company owners and have a vested interest in our clients’ success. With roots tracing back to 1879, we are a highly diversified company with a long-tenured history and commitment to serving our communities. We consistently receive recognition as a great place to work and do business, and we continuously strive to be a preferred employer and business partner.

SBA Preferred Lender
Member FDIC
Equal Housing Lender
Equal Opportunity Employer
Investment products are not FDIC insured, not guaranteed, and may lose value

Section iconCompany Overview

Headquarters
401 DeMers Ave., Grand Forks, ND 58201, US
Website
alerus.com
Stock Symbol
ALRS
NAICS Code
52 - Finance and Insurance
Founded
1879
Employees
501-1000

Section iconFunding & Financials

  • $100M$250M

    Alerus's revenue is estimated to be in the range of $100M$250M

Section iconFunding & Financials

  • $100M$250M

    Alerus's revenue is estimated to be in the range of $100M$250M

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