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Alerus Financial

Alerus Financial

Alerus Financial is a commercial banking institution headquartered in Grand Forks, North Dakota. The bank provides banking products and services to individuals, families, and businesses. It primarily offers mortgage, loans, retirement, checking, deposit, online and mobile banking services. Additionally, Alerus provides wealth management, investment and cash management services.

Formerly Known As
First National Bank North Dakota
Year Founded
Service Provider Type
Commercial Bank
Primary Office
  • 401 Demers Avenue
  • Grand Forks, ND 58201
  • United States

+1 (701) 000-0000

Alerus Financial Financings (8)

Company Name Financing Date Debt/Deal Date Debt/Deal Amount
Summit Pharmacy Feb 2017 00000 0000000
0000000 000000 000 Feb 2016 00000 0000000
000000 00000000 Dec 2012 00000 0000000
00000000 00000000 Aug 2009 00000 0000000
00000000000 000000 Apr 2009 00000 0000000
0000000000 0000000 Jan 2009 00000 0000000
Clinical Supplies Management Aug 2007 00000 0000000
Rise Baking Company Aug 2000 00000 0000000
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Alerus Financial Investment Preferences

Preferred Industries Preferred Verticals Preferred Deal Types Geographic Preferences Transaction Amount

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Alerus Financial Co-Lenders (3)

Lender Lender Type Lender Location Total Shared Financings Last Shared Financing
FF Fisher Sales & Leasing Lender Fargo, ND 1
0000000 0000000 Lender Fargo, ND 0
00000000 Lender Irvin, TX 0
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Alerus Financial Subsidiaries (1)

Company Name Industry Location Founded
000000 0000000000 Other Services (B2C Non-Financial) Albert Lea, MN 0000
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Alerus Financial Team (12)

Name Title Related Financings Office Contact
Randy Newman Chief Executive Officer & Chairman 0 Grand Forks, ND
Katie Lorenson Chief Financial Officer & Executive Vice President Grand Forks, ND
Kris Compton Executive Vice President & Chief Strategy Officer 0 Grand Forks, ND
Sunil Swami Chief Investment Officer Grand Forks, ND
Karin Taylor Chief Risk Officer & Executive Vice President Grand Forks, ND

5 Former Team Members

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Alerus Financial Board Members (3)

Name Representing Role Since Contact
Galen Vetter Alerus Financial Board Member 000 0000
Michael Mathews Self Board Member 000 0000
Randy Newman Alerus Financial Chief Executive Officer & Chairman 000 0000