United States
Securities And Exchange Commission
Washington, DC 20549
FORM
Current Report Pursuant to
Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (
N/A
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Act (17 CFR 240.14d-2(b))
Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b–2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01.Other Events.
On May 10, 2023, Alerus Financial Corporation announced that its Board of Directors declared a cash dividend of $0.19 per share of its common stock. The dividend is payable on July 14, 2023, to stockholders of record on June 15, 2023. A copy of the press release announcing the dividend is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
99.1 | Press Release of Alerus Financial Corporation dated May 10, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBLR document) |
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: May 10, 2023 | Alerus Financial Corporation | |
By: | /s/ Katie A. Lorenson | |
Name: | Katie A. Lorenson | |
Title: | President and Chief Executive Officer | |
Exhibit 99.1
Al Villalon, Investor Relations 952.417.3733 Al.Villalon@alerus.com investors.alerus.com |
FOR IMMEDIATE RELEASE
ALERUS FINANCIAL CORPORATION DECLARES
CASH DIVIDEND ON COMMON SHARES
MINNEAPOLIS (May 10, 2023) – Alerus Financial Corporation (NASDAQ: ALRS) announced that its board of directors declared a regular quarterly cash dividend of $0.19 per common share, a 5.56% increase over the dividend paid a year ago. The dividend is payable on July 14, 2023, to shareholders of record as of close of business on June 15, 2023. Current and historic dividend information, as well as quarterly financial statements, investor presentations, and earnings call transcripts are available online through Alerus’ investor relations website at investors.alerus.com.
About Alerus Financial Corporation
Alerus Financial Corporation is a diversified financial services company with corporate offices in Grand Forks, North Dakota, and the Minneapolis-St. Paul, Minnesota metropolitan area. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to business and consumer clients through four distinct business segments—banking, retirement and benefit services, wealth management, and mortgage. Alerus provides clients with a primary point of contact to help fully understand the unique needs and delivery channel preferences of each client. Clients are provided with competitive products, valuable insight and sound advice supported by digital solutions designed to meet the clients’ needs. Alerus has banking, mortgage, and wealth management offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix, Scottsdale, and Mesa Arizona. Alerus Retirement and Benefits plan administration hubs are in Minnesota, Michigan, and Colorado.
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Document and Entity Information |
May 10, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | May 10, 2023 |
Securities Act File Number | 001-39036 |
Entity Registrant Name | Alerus Financial Corporation |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 45-0375407 |
Entity Address, Address Line One | 401 Demers Avenue |
Entity Address, City or Town | Grand Forks |
Entity Address, State or Province | ND |
Entity Address, Postal Zip Code | 58201 |
City Area Code | 701 |
Local Phone Number | 795-3200 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $1.00 par value per share |
Trading Symbol | ALRS |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Central Index Key | 0000903419 |
Amendment Flag | false |
N-2 |
May 10, 2023 |
---|---|
Cover [Abstract] | |
Entity Central Index Key | 0000903419 |
Amendment Flag | false |
Securities Act File Number | 001-39036 |
Document Type | 8-K |
Entity Registrant Name | Alerus Financial Corporation |
Entity Address, Address Line One | 401 Demers Avenue |
Entity Address, City or Town | Grand Forks |
Entity Address, State or Province | ND |
Entity Address, Postal Zip Code | 58201 |
City Area Code | 701 |
Local Phone Number | 795-3200 |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
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