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Alerus Financial Corporation - Corrected Record Date For First Quarter Cash Dividend

GRAND FORKS, ND (March 10, 2013) – Alerus Financial Corporation previously announced that its board of directors approved a regular quarterly cash dividend of $0.25 per common share. The record date as well as the date on which this dividend will be paid was incorrect in the company’s February 12, 2013 news release. The company’s first quarter cash dividend on common shares will be payable on April 12, 2013 to shareholders of record as of close of business on March 22, 2013.

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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