American Banker Names Alerus a Best Bank to Work For

GRAND FORKS, N.D. (November 21, 2023) – Alerus is pleased to announce it has been named one of American Banker’s Best Banks to Work For in 2023. The annual list is selected through extensive reviews of the company’s benefits and policies in addition to an employee survey that measures workplace satisfaction. Alerus is one of 90 organizations throughout the U.S. named to the 2023 list.

“The past year has been a challenging one for the financial industry and for many businesses and families, but our team consistently proves that when we work together, we can help our clients and each other overcome any hurdle,” said Alerus President and Chief Executive Officer Katie Lorenson. “Our employees are our greatest asset, and our incredibly skilled team deserves all the credit for making Alerus a great place to work. It is an honor to be included on this prestigious list and motivates us to continue striving to be an employer of choice.”

Alerus has more than 750 employees primarily in Arizona, Colorado, Michigan, Minnesota, New Hampshire, and North Dakota. Company benefits include an employee stock ownership plan (ESOP) for eligible employees, a generous time off program, comprehensive health, retirement and benefits packages, and access to the same financial guidance and tools that are available to Alerus clients. Other programs, such as the SMART (Small Miracles Are Reached Together) Fund and the Connect with the Community program, provide opportunities to support employees experiencing hardships and volunteer in the community.

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About Alerus

Alerus (Alerus Financial, N.A.) is a diversified financial services company that provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology.

Alerus has banking, mortgage, and wealth management offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix and Scottsdale Arizona. Alerus Retirement and Benefits plan administration hubs are located in Minnesota, Michigan, and Colorado.