<SEC-DOCUMENT>0001047469-19-005221-index.html : 20190913
<SEC-HEADER>0001047469-19-005221.hdr.sgml : 20190913
<ACCEPTANCE-DATETIME>20190913143335
ACCESSION NUMBER:		0001047469-19-005221
CONFORMED SUBMISSION TYPE:	424B4
PUBLIC DOCUMENT COUNT:		19
FILED AS OF DATE:		20190913
DATE AS OF CHANGE:		20190913

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALERUS FINANCIAL CORP
		CENTRAL INDEX KEY:			0000903419
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				450375407
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B4
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-233339
		FILM NUMBER:		191092343

	BUSINESS ADDRESS:	
		STREET 1:		401 DEMERS AVE
		CITY:			GRAND FORKS
		STATE:			ND
		ZIP:			58201
		BUSINESS PHONE:		7017953200

	MAIL ADDRESS:	
		STREET 1:		PO BOX 6001
		STREET 2:		401 DEMERS AVE
		CITY:			GRAND FORKS
		STATE:			ND
		ZIP:			58206-6001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST NATIONAL CORP NORTH DAKOTA
		DATE OF NAME CHANGE:	19980312
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B4
<SEQUENCE>1
<FILENAME>a2239683z424b4.htm
<DESCRIPTION>424B4
<TEXT>
Document 1 - file: a2239683z424b4.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g490072.jpg
<DESCRIPTION>G490072.JPG
<TEXT>
Document 2 - file: g490072.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g548902.jpg
<DESCRIPTION>G548902.JPG
<TEXT>
Document 3 - file: g548902.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g236504.jpg
<DESCRIPTION>G236504.JPG
<TEXT>
Document 4 - file: g236504.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g458652.jpg
<DESCRIPTION>G458652.JPG
<TEXT>
Document 5 - file: g458652.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g274885.jpg
<DESCRIPTION>G274885.JPG
<TEXT>
Document 6 - file: g274885.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g1001545.jpg
<DESCRIPTION>G1001545.JPG
<TEXT>
Document 7 - file: g1001545.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g532308.jpg
<DESCRIPTION>G532308.JPG
<TEXT>
Document 8 - file: g532308.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g403557.jpg
<DESCRIPTION>G403557.JPG
<TEXT>
Document 9 - file: g403557.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g367914.jpg
<DESCRIPTION>G367914.JPG
<TEXT>
Document 10 - file: g367914.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g32753.jpg
<DESCRIPTION>G32753.JPG
<TEXT>
Document 11 - file: g32753.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g154945.jpg
<DESCRIPTION>G154945.JPG
<TEXT>
Document 12 - file: g154945.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g999178.jpg
<DESCRIPTION>G999178.JPG
<TEXT>
Document 13 - file: g999178.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g46423.jpg
<DESCRIPTION>G46423.JPG
<TEXT>
Document 14 - file: g46423.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g445213.jpg
<DESCRIPTION>G445213.JPG
<TEXT>
Document 15 - file: g445213.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g652794.jpg
<DESCRIPTION>G652794.JPG
<TEXT>
Document 16 - file: g652794.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g1018379.jpg
<DESCRIPTION>G1018379.JPG
<TEXT>
Document 17 - file: g1018379.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g513540.jpg
<DESCRIPTION>G513540.JPG
<TEXT>
Document 18 - file: g513540.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g169542.jpg
<DESCRIPTION>G169542.JPG
<TEXT>
Document 19 - file: g169542.jpg

</DOCUMENT>
</SEC-DOCUMENT>