Alerus Financial Corporation
Organization details
- Legal name
- Alerus Financial Corporation
- Former names
- First National Corp North Dakota
- Ownership
- Public
- Status
- Active
- Sector (GICS)
- Financials
- SIC code
- 6021 — National Commercial Banks
- Jurisdiction of incorporation
- Delaware
- Headquarters city
- Grand Forks
- Headquarters state / province
- North Dakota
- Headquarters country
- United States
- Fiscal year end
- December
- Ticker symbol
- ALRS
- Primary stock exchange
- Nasdaq
Identifiers
- SEC CIK
- 0000903419
- EIN
- 45-0375407
Board of directors
-
Daniel E. Coughlin · DirectorSince 2023
-
Galen G. Vetter · DirectorSince 2023
-
Janet O. Estep · DirectorSince 2023
-
Jeffrey Bolton · DirectorSince 2024
-
Jill Schurtz · DirectorSince 2023
-
John Uribe · DirectorSince 2023
-
Katie A. Lorenson · Director · Chief Executive OfficerSince 2023
-
Kevin D. Lemke · DirectorSince 2023
-
Mary Zimmer · DirectorSince 2023
-
Michael S. Mathews · DirectorSince 2023
-
Nikki Sorum · DirectorSince 2023
-
Randy L. Newman · DirectorSince 2023
Chief executives
Director election results
Annual meeting of May 14, 2026. Support is votes for as a share of votes for and against (or withheld). Below 80% is a clear protest.
-
76.3%
-
86.8%
-
89.9%
-
90.8%
-
91.0%
-
91.3%
-
91.4%
-
92.2%
-
92.5%
Board connections
1 of this board's directors also sit on 1 other board.
- via Janet O. Estep
Insider trades
All notable trades →From SEC Forms 4 and 5. Open-market purchases and sales are highlighted; grants, option exercises and shares withheld for tax are routine.
- Bought, last 12 months
- $61,170
- 2 purchases by 1 insider
- Sold, last 12 months
- $19,779
- 1 sale by 1 insider
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Sep 22, 2026 | Randy L. Newman Director | Gift | −89,923 | — | — |
| Sep 14, 2026 | Koob Kari Officer (SVP, Controller) | Open-market sale | −597 | $33.13 | $19,779 |
| Sep 1, 2026 | Jeffrey Bolton Director | Open-market purchase | +1,000 | $32.45 | $32,450 |
| Jul 3, 2026 | Koob Kari Officer (SVP, Controller) | Shares withheld for tax | −102 | $31.11 | $3,173 |
| Jul 1, 2026 | Koob Kari Officer (SVP, Controller) | Shares withheld for tax | −140 | $31.10 | $4,354 |
| May 27, 2026 | Jeffrey Bolton Director | Open-market purchase | +1,000 | $28.72 | $28,720 |
| May 22, 2026 | Daniel E. Coughlin Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Jeffrey Bolton Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Galen G. Vetter Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Janet O. Estep Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | John Uribe Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Mary Zimmer Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Nikki Sorum Director | Grant or award | +1,772 | — | — |
| May 22, 2026 | Randy L. Newman Director | Grant or award | +1,772 | — | — |
| Feb 26, 2026 | Katie A. Lorenson Director, Officer (Chief Executive Officer) | Option exercise | +9,363 | — | — |
Peers
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Questions about Alerus Financial Corporation
Who is the CEO of Alerus Financial Corporation?
Katie A. Lorenson is Alerus Financial Corporation's President and CEO.
How many directors are on Alerus Financial Corporation's board?
Alerus Financial Corporation's board has 12 directors: Daniel E. Coughlin, Galen G. Vetter, Janet O. Estep, Jeffrey Bolton, Jill Schurtz, John Uribe, Katie A. Lorenson, Kevin D. Lemke, Mary Zimmer, Michael S. Mathews and 2 others.
Are Alerus Financial Corporation insiders buying or selling shares?
Over the last 12 months, Alerus Financial Corporation insiders bought $61,170 of shares in 2 purchases and sold $19,779 of shares in 1 sale on the open market, as reported to the SEC on Forms 4 and 5.
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