About Alerus Financial
Alerus Financial is a publicly listed company based in Grand Forks (United States) founded in 1879. It operates as a wealth management services are provided by Alerus Financial. The company has 892 employees. Alerus Financial has completed 3 acquisitions, including Beacon Bank, Metro Phoenix Bank and RPS Plan Administration. Its chief executive is Randy Newman. Its website alerus.com draws about 377 thousand monthly visits. Alerus Financial offers products and services including Checking Accounts, Business Loans, Savings Accounts, Investment Services, and Credit Cards. Its focus areas include Asset Management, Wealth Management, Banks and Commercial Banks. Its legal entity is Alerus Financial, N.A. Its competitors include Truist, Investec, Equity Bank, Focus Financial Partners and Citi and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Alerus Financial was founded in 1879 and is headquartered in Grand Forks, United States. Operations focus on the financial sector, with wealth management as the core activity. Services include retirement planning, investment advisory, and trust administration, primarily serving clients across the Midwest and nationwide. Leadership is provided by Chairman Dan Coughlin and CEO Randy Newman, overseeing assets under management in banking and advisory roles.
- Annual Revenue$331.75 M (USD)0as on Dec 31, 2025
- Net Profit$17.47 M (USD)-1.55as on Dec 31, 2025
- Latest Funding Round$50M (USD), Debt – Conventional
Dec 2015
- Employee Count892
- Investments & AcquisitionsBeacon Bank
& 2 more
Products & Services of Alerus Financial
Alerus Financial offers a comprehensive portfolio of products and services, including Checking Accounts, Business Loans, Savings Accounts, Investment Services, and Credit Cards.
Accounts for everyday transactions and deposits for individuals.
Loans to support business expansion and operations.
Accounts for secure savings and interest growth.
Advisory for financial planning and retirement options.
Cards for purchases and rewards programs.
Apps and channels of Alerus Financial
its YouTube channel Alerus has 229 subscribers and 30 videos.
Videos from Alerus Financial
The most watched videos on Alerus Financial's YouTube channel, Alerus (229 subscribers). Click a video to play it here.
More on Alerus.
Funding Insights of Alerus Financial
- Total Rounds 1
- Last Round Debt – Conventional — $50M
- First Round $50M
(Dec 2015)
All 1 funding rounds of Alerus Financial with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2015 | $50M | Debt – Conventional | – | – | – |
People of Alerus Financial
127 people are tracked at Alerus Financial (24 in leadership, 6 in board & advisors, 97 in team); the tracked headcount is 892.
| Name | Role | Group |
|---|---|---|
Dan Coughlin | Chairman of the Board | Leadership |
Randy Newman | CEO & President | Leadership |
Nicole Hove | Director of Commercial Support | Leadership |
Sunil Swami | Chief Investment Officer | Leadership |
Katie Lorenson | President & CEO | Leadership |
Karin Taylor | EVP & Chief Risk Officer | Leadership |
y Hale | Senior Vice President | Leadership |
Kyle Benish | Senior Vice President Of Business Banking | Leadership |
Jim Collins | EVP & Chief Banking & Revenue Officer | Leadership |
Rob Woytassek | SVP & Director of Retirement & Benefits | Leadership |
Jon Hendry | EVP & CTO | Leadership |
Kelsey Moore - Mba | Director Of Account Management | Leadership |
Al Villalon | EVP & CFO | Leadership |
Chris Wolf | Commercial Banking Executive And Market President | Leadership |
Miranda Myers | Director Of Branch Operations | Leadership |
Wade Dykema | Director of Sales, Alerus Retirement & Benefits | Leadership |
Jordan Becker | Director, Enterprise Risk Management | Leadership |
Steve Haggard | Arizona Market President | Leadership |
Patrick Joyce | Vp, Commercial Real Estate Banker | Leadership |
Jane E.M. Soura | Business Advisor & Managing Lead | Leadership |
107 more people are available in the full profile.
Complete people profiles for Alerus Financial
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Alerus Financial
Alerus Financial is a publicly listed company on the NASDAQ with ticker symbol ALRS in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 Sep 2019
- Listed onNASDAQ: ALRS
- Listed entityAlerus Financial Corporation
- Exchange sectorFinance
- ISINUS01446U1034
- Share price$30.99 (-0.23% on the day) · 2026-10-13
- Market capitalisation$772.5M
- Price to earnings29.0
- EPS (diluted, trailing year)$1.07
- Dividend yield2.78%
- Volume (last session)108,440
Financials of Alerus Financial
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $331.8M | $17.5M | – |
| 2024 | $336.8M | $17.7M | – |
| 2023 | $244.8M | $11.7M | – |
| 2022 | $223.8M | $39.6M | – |
| 2021 | $245.7M | $51.9M | – |
Detailed financial statements for Alerus Financial
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Alerus Financial
Alerus Financial has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Beacon Bank, Metro Phoenix Bank and RPS Plan Administration.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial banking services are provided in Phoenix, United States. | metrophoenixbank.com | Phoenix, United States | 2007 | Dec 2021 | •••• | |
Wealth management services are provided to clients by RPS firm. | rpsplanadm.com | Littleton, United States | 1977 | Dec 2020 | •••• | |
Commercial bank | beaconbank.com | Excelsior, United States | 1906 | Sep 2015 | •••• |
Complete acquisition details for Alerus Financial
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Timeline of Alerus Financial
6 dated milestones of Alerus Financial across 142 years, from founding to its latest funding, stage changes and deals.
- Founded Alerus Financial is founded.
- Acquisition Acquires Beacon Bank.
- Funding First funding round of $50.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires RPS Plan Administration.
- Acquisition Acquires Metro Phoenix Bank.
Competitors of Alerus Financial
Alerus Financial has 9 listed competitors in our database, 3 of them funded. They include Truist, Investec, Equity Bank, Focus Financial Partners and Citi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | – | 55,480 | Wealth advisory and banking services are offered to clients. | |
| investec.com | 1974 | London, United Kingdom | – | 9,444 | Global banking, investment, and wealth management services are offered worldwide. | |
| equitybank.com | 2002 | Wichita, United States | $89.7M | – | Commercial banking services are provided to businesses and individuals. | |
| focusfinancialpartners.com | 2004 | New York, United States | $332.68M | – | Business consulting services are provided to banks and lending institutions. | |
| citigroup.com | 1812 | New York, United States | – | 500 | Diversified financial services are offered through commercial banking operations. | |
| aleragroup.com | 1995 | Deerfield, United States | $250M | – | HR, insurance, and liability services are provided by Alera Group. | |
| key.com | 1849 | Cleveland, United States | – | 17,333 | Regional bank | |
| huntington.com | 1866 | Shelton, United States | – | 2,276 | Commercial banking services are provided across the United States. | |
| jpmorgan.com | 1799 | New York, United States | – | – | Comprehensive financial services are provided to corporations and individuals. |
Detailed competitors of Alerus Financial
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Alerus Financial
The website of Alerus Financial (alerus.com) receives about 376.5K visits a month and ranks #120,560 among all websites worldwide, #7,559 in Banking Credit and Lending.
- Monthly visits376.5K
▲ 31.3% vs previous month
- Unique visitors82.1K
per month
- Global rank#120,560
among all websites
- Category rank#7,559
Finance · Banking Credit and Lending
- Bounce rate16%
- Pages per visit5.5
- Average visit4 min 02 sec
- DevicesDesktop 69% · Mobile 31%
Websites whose visitors overlap most with Alerus Financial. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
alerusrb.com | alerusrb.com | 100% | – | #648,356 | – |
| chase.com | 90% | 198.6M | #125 | View details | |
| wellsfargo.com | 89% | 104.9M | #241 | View details | |
| capitalone.com | 88% | 148.4M | #178 | View details | |
| usbank.com | 87% | 29.1M | #1,212 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Alerus Financial
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Top companies in Asset Management
10 companies that operate in the same segment as Alerus Financial (Asset Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore, Singapore, Singapore | USD 721.47 M | USD 22.94 B | 3,733 | |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | – | – | |
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | – | – | – | |
Global banking, investment, and wealth management services are offered worldwide. | 1974 | London, England, United Kingdom | – | USD 6.37 B | 7,550 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Diversified investment management services are offered across multiple asset classes. | 2001 | Rio De Janeiro, Rio De Janeiro, Brazil | USD 273 M | – | – | |
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | – | USD 126.21 B | 46,500 | |
Universal banking and financial advisory services are provided globally. | 1865 | London, England, United Kingdom | – | USD 141.4 B | 211,000 | |
Insurance and asset management services are offered in multiple regions. | 1696 | London, England, United Kingdom | – | USD 78.79 B | 29,090 |
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Related news about Alerus Financial
Complete news archive for Alerus Financial
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Frequently Asked Questions about Alerus Financial
Alerus Financial was founded in 1879 and raised its 1st funding round 136 years after it was founded.
Alerus Financial is headquartered in Grand Forks, United States. It is registered at Grand Forks, North Dakota, United States.
Randy Newman is the current CEO of Alerus Financial.
Alerus Financial has 892 employees.
Annual revenue of Alerus Financial is $331.75M as on Dec 31, 2025.
Alerus Financial was founded in 1879 and is headquartered in Grand Forks, United States. Operations focus on the financial sector, with wealth management as the core activity. Services include retirement planning, investment advisory, and trust administration, primarily serving clients across the Midwest and nationwide. Leadership is provided by Chairman Dan Coughlin and CEO Randy Newman, overseeing assets under management in banking and advisory roles.
Alerus Financial offers Checking Accounts, Business Loans, Savings Accounts, Investment Services, and Credit Cards.
Yes, Alerus Financial is publicly traded on NASDAQ under the ticker symbol ALRS.
Alerus Financial has made 3 acquisitions, including Beacon Bank, Metro Phoenix Bank, and RPS Plan Administration.
Alerus Financial operates through Alerus Financial, N.A..
The website of Alerus Financial receives about 377 thousand visits a month and ranks #120,560 among all websites worldwide.