ALRS - Alerus Financial Corporation Stock Price & Dividend Safety Sector: Financial Services | Exchange: NASDAQ Capital Market Current Price & Safety Score Price: 32.27 USD StockBonds Safety Grade: A Altman Z-Score (Bankruptcy Risk): 0.22 StockBond Score: 0.49 Company Description Alerus Financial Corporation operating primarily through its subsidiary Alerus Financial National Association delivers a broad spectrum of financial services to both commercial clients and individual consumers The company organizes its operations across four distinct segments Banking Retirement and Benefit Services Wealth Management and Mortgage Within its Banking segment Alerus provides a comprehensive array of deposit solutions including checking savings money market and certificate of deposit accounts It also supports businesses with robust treasury management products like electronic receivables management remote deposit capture cash vault services and other cash management tools Lending solutions encompass various commercial loans such as business term loans lines of credit commercial real estate financing and construction and land development loans alongside consumer offerings like residential first and second mortgages and installment loans The Retirement and Benefit Services division focuses on administering retirement plans providing investment advisory services managing employee stock ownership plans ESOPs and offering payroll health savings accounts HSAs and other employee benefits including individual retirement accounts IRAs Through Wealth Management clients can access financial planning investment management personal and corporate trust services estate administration and custodial solutions Additional offerings extend to debit and credit cards modern online and mobile banking platforms secure payment solutions and exclusive private banking privileges as well as flex spending accounts and government health insurance program services Geographically the companys banking services are delivered through fourteen offices located in North Dakota Minnesota and Arizona Its Retirement and Benefit Services however boast a national footprint serving clients in all 50 states from offices situated in Michigan Minnesota and Colorado Founded in 1879 Alerus Financial Corporation was originally known as First National Bank North Dakota before adopting its current name in 2000 The company maintains its headquarters in Grand Forks North Dakota