United States
Securities And Exchange Commission
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FORM
Current Report Pursuant to
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Securities Exchange Act of 1934
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Item 8.01.Other Events.
On January 29, 2021 (the “Redemption Date”), Alerus Financial Corporation (the “Company”) redeemed the entire aggregate $50,000,000 outstanding principal amount of the Company’s 5.75% Fixed to Floating Rate Subordinated Notes due 2025 (the “Subordinated Notes”) in accordance with the terms of the Subordinated Notes. The aggregate redemption price was 100% of the aggregate principal amount of the Subordinated Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. On and after the Redemption Date, interest ceased to accrue on all of the Subordinated Notes, and all rights with respect to the Subordinated Notes terminated, except only the right of the record holders to receive payment in connection with the redemption.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 29, 2021 | Alerus Financial Corporation | |
By: | /s/ Randy L. Newman | |
Name: | Randy L. Newman | |
Title: | Chairman, Chief Executive Officer and President | |