EX-21.1 23 a2239413zex-21_1.htm EX-21.1

Exhibit 21.1

 

LIST OF SUBSIDIARIES OF ALERUS FINANCIAL CORPORATION

 

Subsidiary

 

Organized Under Laws
of

 

 

 

Excelsior Financial Statutory Trust I

 

Minnesota

 

 

 

Excelsior Financial Statutory Trust II

 

Minnesota

 

 

 

Alerus Financial, National Association

 

United States of America

 

 

 

Subsidiaries of Alerus Financial, National Association:

Alerus Securities Corporation

 

North Dakota