<?xml version='1.0' encoding='UTF-8'?>

      <!-- iXBRL document created with: Toppan Merrill Bridge iXBRL 9.6.7713.40453 -->
      <!-- Based on: iXBRL 1.1 -->
      <!-- Created on: 5/11/2021 8:00:20 PM -->
      <!-- iXBRL Library version: 1.0.7713.40461 -->
      <!-- iXBRL Service Job ID: 0caa9377-12a1-4fb8-b8b5-e7845bc3befb -->

  <html xmlns:dei="http://xbrl.sec.gov/dei/2020-01-31" xmlns="http://www.w3.org/1999/xhtml" xmlns:alrs="http://alerus.com/20210511" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:xbrli="http://www.xbrl.org/2003/instance"><head><meta http-equiv="content-type" content="text/html" /><title></title></head><body><div style="margin-top:30pt;"></div><div style="display:none;"><ix:header><ix:hidden><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityCentralIndexKey" id="Tc_26KD8zzNH0yl4B95Dt1ECg_2_1">0000903419</ix:nonNumeric><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:AmendmentFlag" id="Tc_NVIJgN9zrEWGw91fPa0DoA_3_1">false</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="alrs-20210511.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000903419</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-05-11</xbrli:startDate><xbrli:endDate>2021-05-11</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="display:inline-block;width:468pt;"></span><span style="font-variant:small-caps;font-weight:bold;text-decoration:line-through;text-decoration-style:double;visibility:hidden;">&#8203;</span></p><a id="_ba087824_94ad_4c24_8c01_b50131c9308e"></a><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;text-transform:uppercase;">United States</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;text-transform:uppercase;">Securities And Exchange Commission</b><span style="font-variant:small-caps;text-transform:uppercase;"><br /></span><b style="font-weight:bold;text-transform:uppercase;">Washington, DC 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-variant:small-caps;font-weight:bold;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-variant:small-caps;font-weight:bold;">FORM </b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:DocumentType" id="Narr_wSg65tTghkSlrco1GFUV5Q"><b style="font-variant:small-caps;font-weight:bold;">8-K</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-variant:small-caps;font-weight:bold;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;text-transform:uppercase;">Current Report </b><b style="font-variant:small-caps;font-weight:bold;text-transform:uppercase;">Pursuant to <br />Section 13 or 15(</b><b style="font-weight:bold;">d</b><b style="font-variant:small-caps;font-weight:bold;text-transform:uppercase;">) of the <br />Securities Exchange Act of 1934</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="font-variant:small-caps;font-weight:bold;text-transform:uppercase;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><span style="white-space:pre-wrap;">Date of report (Date of earliest event reported):  </span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="Narr_bnozhhg8rEKS_7mgCSicjw"><b style="font-weight:bold;">May 11, 2021</b></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityRegistrantName" id="Narr_xPybUiJhF064cX0_tTT6vg"><b style="font-weight:bold;">Alerus Financial Corporation</b></ix:nonNumeric><b style="font-variant:small-caps;font-weight:bold;"><br /></b>(Exact Name of Registrant as Specified in Charter)</p><a id="_c7178172_8d4d_48ec_b372_7fab8e14b3c6"></a><a id="Tc_117FHUHgP0yl4csMQnYd5g_2_0"></a><a id="Tc_z46MLEbF1USweiqASA_QaQ_2_1"></a><a id="Tc_CRJcygapxUSxvsDnRxM1rQ_2_2"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;width:96.43%;"><tr style="height:1pt;"><td style="vertical-align:top;width:31.59%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:31.48%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:36.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:31.59%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 2pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="Tc_DLZZiV-WGE6acKiVngqkPQ_1_0"><b style="font-weight:bold;">Delaware</b></ix:nonNumeric></p></td><td style="vertical-align:top;width:31.48%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 2pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityFileNumber" id="Tc_Mpl6A4o0Qk22wlwcpj_k1w_1_1"><b style="font-weight:bold;">001-39036</b></ix:nonNumeric></p></td><td style="vertical-align:top;width:36.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 2pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityTaxIdentificationNumber" id="Tc_54rTDIyPJkKx1o39riiBGA_1_2"><b style="font-weight:bold;">45-0375407</b></ix:nonNumeric></p></td></tr><tr><td style="vertical-align:top;width:31.59%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:12pt;text-align:center;margin:0pt;">(State or Other Jurisdiction of Incorporation)</p></td><td style="vertical-align:top;width:31.48%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:12pt;text-align:center;margin:0pt;">(Commission File Number)</p></td><td style="vertical-align:top;width:36.92%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:12pt;text-align:center;margin:0pt -4.5pt 0pt -4.2pt;">(IRS Employer Identification No.)</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:12pt 0pt 12pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityAddressAddressLine1" id="Narr_Ay-ILdTcPEWZaOD48ymMUg"><b style="font-weight:bold;">401 Demers Avenue</b></ix:nonNumeric><b style="font-weight:bold;"><br /></b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityAddressCityOrTown" id="Narr_mdOBlwEBoUK18dD9otSjYA"><b style="font-weight:bold;">Grand Forks</b></ix:nonNumeric><b style="font-weight:bold;">, </b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince" id="Narr_wyxrea0llk2xOSC7oh3Vgg"><b style="font-weight:bold;">North Dakota</b></ix:nonNumeric><b style="font-weight:bold;"> </b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:EntityAddressPostalZipCode" id="Narr_gPDv8BmftkuSw88baYzNOw"><b style="font-weight:bold;">58201</b></ix:nonNumeric><b style="font-weight:bold;"><br /></b>(Address of Principal Executive Offices) (Zip Code)</p><p style="font-family:'Times';font-size:12pt;font-variant:small-caps;font-weight:bold;line-height:14pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:normal;">Registrant&#8217;s telephone number, including area code: </span><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">(</b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:CityAreaCode" id="Narr_d6cxhY6BnESYDAvQbmvGjw"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">701</b></ix:nonNumeric><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">) </b><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:LocalPhoneNumber" id="Narr_pxJd-U1E2EqTuSbroLKZkQ"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;">795-3200</b></ix:nonNumeric></p><p style="font-family:'Times';font-size:10pt;font-variant:small-caps;font-weight:bold;line-height:14pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">N/A</b><span style="font-family:'Times New Roman','Times','serif';font-weight:normal;"><br /></span><span style="font-family:'Times New Roman','Times','serif';font-weight:normal;">(Former Name or Former Address, if Changed Since Last Report.)</span></p><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">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 (</span><i style="font-family:'Times New Roman','Times','serif';font-style:italic;">see</i><span style="font-family:'Times New Roman','Times','serif';"> General Instruction A.2. below):</span></p><a id="Check1"></a><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt;margin:0pt 0pt 6pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:WrittenCommunications" id="Narr_sZymrpM2hkiWm_MHOfKbtA"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric><span style="display:inline-block;width:10.25pt;"></span><span style="font-size:9pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt;margin:0pt 0pt 6pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:SolicitingMaterial" id="Narr_mj7UanVfLESwsxU9RP6kqw"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric><span style="display:inline-block;width:10.25pt;"></span><span style="font-size:9pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-align:justify;text-indent:-36pt;margin:0pt 0pt 6pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="Narr_K_-LisGII0q9a7BzjPQeMw"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric><span style="display:inline-block;width:10.25pt;"></span><span style="font-size:9pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange <br /></span><span style="display:inline-block;width:18pt;"></span><span style="font-size:9pt;">Act (17 CFR 240.14d-2(b))</span></p><p style="font-family:'Times';font-size:12pt;line-height:1.19;padding-left:36pt;text-align:justify;text-indent:-36pt;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"></span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="Narr_NGOXYeWK9EmqJ4kukZedRw"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric><span style="display:inline-block;width:10.25pt;"></span><span style="font-family:'Times New Roman','Times','serif';font-size:9pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange <br /></span><span style="display:inline-block;width:18pt;"></span><span style="font-family:'Times New Roman','Times','serif';font-size:9pt;">Act (17 CFR 240.13e-4(c))</span></p><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">Securities registered pursuant to Section 12(b) of the Act:</span></p><a id="_45fbd875_5308_468a_aaf1_51c6d7965dcb"></a><a id="Tc_P1lsYjofFUa5QR9Rd0IRhg_1_0"></a><a id="Tc_aBUzqkYhI0e0mVbxJGZaxw_1_2"></a><a id="Tc_tem92x20n0O7a3aN8WT5HQ_1_4"></a><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:99.4%;"><tr style="height:1pt;"><td style="vertical-align:top;width:37.17%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:2.45%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:16.52%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td><td style="vertical-align:top;width:2.79%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:41.04%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"></div></div></td></tr><tr><td style="vertical-align:top;width:37.17%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Title of each class</b></p></td><td style="vertical-align:top;width:2.45%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:14pt;margin-top:14pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.52%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Trading symbol</b></p></td><td style="vertical-align:top;width:2.79%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;line-height:14pt;margin-top:14pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:41.04%;border-bottom:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-weight:bold;">Name of each exchange on which registered</b></p></td></tr><tr><td style="vertical-align:top;width:37.17%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:Security12bTitle" id="Tc_rdwpSTobwUGmMzL7724hYQ_2_0"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Common Stock, $1.00 par value per share</span></ix:nonNumeric></p></td><td style="vertical-align:top;width:2.45%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:14pt;margin-top:14pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:16.52%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" name="dei:TradingSymbol" id="Tc_en2C4JkEAUuxBokQqt1mpg_2_2"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">ALRS</span></ix:nonNumeric></p></td><td style="vertical-align:top;width:2.79%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:14pt;margin-top:14pt;visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:41.04%;border-top:1px solid #000000;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;"><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="Tc_NeiisRcWjkC5AZjNX3bvhQ_2_4"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">The Nasdaq Stock Market LLC</span></ix:nonNumeric></p></td></tr></table><p style="font-family:'Times';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or Rule 12b&#8211;2 of the Securities Exchange Act of 1934 (&#167; 240.12b&#8211;2 of this chapter). </span></p><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">Emerging growth company </span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="Narr_9wI7c90Uo0S3T1lFkTYbCA"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9746;</span></ix:nonNumeric></p><p style="font-family:'Times';font-size:12pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 6pt 0pt;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;">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.&#160;</span><ix:nonNumeric contextRef="Duration_5_11_2021_To_5_11_2021_TT4tU1sbUEufP52-qmNiFA" format="ixt-sec:boolballotbox" name="dei:EntityExTransitionPeriod" id="Narr_yovqj7cbnUGNWEdyWxgzVw"><span style="font-family:'Segoe UI Symbol';font-size:9pt;">&#9744;</span></ix:nonNumeric></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="display:inline-block;width:468pt;"></span><span style="font-size:12pt;visibility:hidden;">&#8203;</span></p><a id="_7351a301_798b_4f4a_84dd_95db2533e8d5"></a></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;text-align:left;">Item 8.01.</b></span>Other Events.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On May 11, 2021, Alerus Financial Corporation declared a cash dividend of $0.16 per share of its common stock. The dividend is payable on July 9, 2021, to stockholders of record on June 18, 2021. &#160;A copy of the press release announcing the dividend is attached as Exhibit&#160;99.1 to this Form 8-K and is incorporated herein by reference.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:72pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:11pt;font-style:normal;font-weight:bold;text-align:left;">Item 9.01.</b></span>Financial Statements and Exhibits.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;white-space:pre-wrap;">(d)  Exhibits</b></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:13.82%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:bottom;width:83.04%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:13.82%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">Exhibit No.</b></p></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">&#160;&#160;&#160;&#160;</b></p></td><td style="vertical-align:bottom;width:83.04%;border-bottom:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><b style="font-weight:bold;">Description</b></p></td></tr><tr><td style="vertical-align:top;width:13.82%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:83.04%;border-top:1.0pt solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:13.82%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">99.1</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">104</p></td><td style="vertical-align:top;width:3.13%;margin:0pt;padding:0pt 5.4pt 0pt 5.4pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:83.04%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><a style="-sec-extract:exhibit;" href="alrs-20210511xex99d1.htm"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Press Release of Alerus Financial Corporation, dated May 11, 2021</span></a></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Cover Page Interactive Data File (embedded within the Inline XBLR document)</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="letter-spacing:-0.15pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:11pt;visibility:hidden;">&#8203;</span></p><a id="_5601e3ca_ef5e_4d24_9c32_8443a66d2461"></a></div></div>
<div style="background-color:#000000;clear:both;height:2pt;page-break-after:always;width:79.3%;border:0;margin:30pt 10.35% 30pt 10.35%;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;font-weight:bold;text-align:center;margin:0pt 0pt 12pt 0pt;">SIGNATURES</p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:justify;text-indent:36pt;margin:0pt;">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.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:5.69%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td><td style="vertical-align:top;width:44.32%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p></div></div></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="white-space:pre-wrap;">Date:  May 11, 2021</span></p></td><td colspan="2" style="vertical-align:top;width:50.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Alerus Financial Corporation</p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:50.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:50.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:5.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">By:</p></td><td style="vertical-align:top;width:44.32%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">/s/ Randy L. Newman</p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:5.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Name:</p></td><td style="vertical-align:top;width:44.32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Randy L. Newman</p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td style="vertical-align:top;width:5.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Title:</p></td><td style="vertical-align:top;width:44.32%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Chairman, Chief Executive Officer and President</p></td></tr><tr><td style="vertical-align:top;width:49.97%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td><td colspan="2" style="vertical-align:top;width:50.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">&#8203;</span></p></div></div>
<div style="background-color:#000000;clear:both;height:2pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border:0;"></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "alrs-20210511x8k.htm", "description": "8-K", "secsgml_size_bytes": 34930}]
{"company-data": {"conformed-name": "ALERUS FINANCIAL CORP", "cik": "0000903419", "assigned-sic": "6021", "irs-number": "450375407", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-39036", "film-number": "21911171"}, "business-address": {"street1": "401 DEMERS AVE", "city": "GRAND FORKS", "state": "ND", "zip": "58201", "phone": "7017953200"}, "mail-address": {"street1": "PO BOX 6001", "street2": "401 DEMERS AVE", "city": "GRAND FORKS", "state": "ND", "zip": "58206-6001"}, "former-company": {"former-conformed-name": "FIRST NATIONAL CORP NORTH DAKOTA", "date-changed": "19980312"}}
​
United States
Securities And Exchange Commission
Washington, DC 20549
​
FORM
8-K
​
Current Report
Pursuant to
Section 13 or 15(
d
) of the
Securities Exchange Act of 1934
​
Date of report (Date of earliest event reported):
May 11, 2021
Alerus Financial Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware
001-39036
45-0375407
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
401 Demers Avenue
Grand Forks
,
North Dakota
58201
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(
701
)
795-3200
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):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
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
Common Stock, $1.00 par value per share
​
ALRS
​
The Nasdaq Stock Market LLC
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 11, 2021, Alerus Financial Corporation declared a cash dividend of $0.16 per share of its common stock. The dividend is payable on July 9, 2021, to stockholders of record on June 18, 2021.  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
104
​
Press Release of Alerus Financial Corporation, dated May 11, 2021
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 11, 2021
Alerus Financial Corporation
​
​
​
​
​
By:
/s/ Randy L. Newman
​
Name:
Randy L. Newman
​
Title:
Chairman, Chief Executive Officer and President
​
​
​
​
​