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Alerus Financial Corporation Declares Cash Dividend on Common Shares

GRAND FORKS, ND (February 13, 2014) — Alerus Financial Corporation announced that its board of directors approved a regular quarterly cash dividend of $0.27 per common share, payable on April 11, 2014 to shareholders of record as of close of business on March 21, 2014.

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. Alerus' banking offices are located in North Dakota's Red River Valley, Minnesota's Twin Cities, and Scottsdale, Arizona.

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