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Alerus Financial Corporation Declares Cash Dividend On Common Shares

GRAND FORKS, ND (November 12, 2012) – Alerus Financial Corporation announced that its board of directors approved a regular quarterly cash dividend of $0.24 per common share, payable on January 11, 2013 to shareholders of record as of close of business on December 21, 2012. As of November 8, 2012, there were 4,538,848 common shares outstanding.

About Alerus Financial Corporation:

Alerus Financial Corporation is a diversified financial services company providing commercial and consumer banking, residential mortgage, insurance, trust, securities brokerage, investment advisory, and retirement plan administration, recordkeeping and advisory products and services, through its wholly owned subsidiary bank, Alerus Financial, N.A., and its affiliates Alerus Investment Advisors Corporation and Alerus Securities Corporation, with banking offices in North Dakota’s Red River Valley, Minnesota’s Twin Cities, and Scottsdale, Arizona.

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