    <SEC-DOCUMENT>0001104659-19-048357-index.html : 20190903
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    <ACCEPTANCE-DATETIME>20190903094231
    ACCESSION NUMBER:		0001104659-19-048357
    CONFORMED SUBMISSION TYPE:	FWP
    PUBLIC DOCUMENT COUNT:		24
    FILED AS OF DATE:		20190903
    DATE AS OF CHANGE:		20190903

    SUBJECT COMPANY:

    	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:		FWP
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	333-233339
    		FILM NUMBER:		191071074

    	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

    FILED BY:

    	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:		FWP

    	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>
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    <SEQUENCE>1
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    <DESCRIPTION>FWP
    <TEXT>
    Document 1 - file: a19-8381_5fwp.htm

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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 2 - file: g83815bgi001.jpg

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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 3 - file: g83815bgi002.gif

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    Document 4 - file: g83815bgi003.gif

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    <TEXT>
    Document 5 - file: g83815bgi004.gif

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    <TEXT>
    Document 6 - file: g83815bgi005.gif

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    <TEXT>
    Document 7 - file: g83815bgi006.gif

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    <TEXT>
    Document 8 - file: g83815bgi007.gif

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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 9 - file: g83815bgi008.gif

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    <TEXT>
    Document 10 - file: g83815bgi009.gif

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    Document 11 - file: g83815bgi010.gif

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    <TEXT>
    Document 12 - file: g83815bgi011.gif

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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 13 - file: g83815bgi012.gif

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    <TEXT>
    Document 14 - file: g83815bgi013.gif

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    Document 15 - file: g83815bgi014.gif

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    Document 16 - file: g83815bgi015.gif

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    <TEXT>
    Document 17 - file: g83815bgi016.gif

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    <TEXT>
    Document 19 - file: g83815bgi018.gif

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    Document 20 - file: g83815bgi019.gif

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    <TEXT>
    Document 21 - file: g83815bgi020.gif

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    <TEXT>
    Document 22 - file: g83815bgi021.gif

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    <SEQUENCE>23
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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 23 - file: g83815bgi022.gif

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    <SEQUENCE>24
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    <DESCRIPTION>GRAPHIC
    <TEXT>
    Document 24 - file: g83815bgi023.gif

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