<SEC-DOCUMENT>0001104659-24-079889-index.html : 20240715
<SEC-HEADER>0001104659-24-079889.hdr.sgml : 20240715
<ACCEPTANCE-DATETIME>20240715164551
ACCESSION NUMBER:		0001104659-24-079889
CONFORMED SUBMISSION TYPE:	S-4
PUBLIC DOCUMENT COUNT:		32
FILED AS OF DATE:		20240715
DATE AS OF CHANGE:		20240715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALERUS FINANCIAL CORP
		CENTRAL INDEX KEY:			0000903419
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				450375407
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-280815
		FILM NUMBER:		241117767

	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>S-4
<SEQUENCE>1
<FILENAME>tm2414375-10_s4.htm
<DESCRIPTION>S-4
<TEXT>
Document 1 - file: tm2414375-10_s4.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tm2414375d11_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
Document 2 - file: tm2414375d11_ex5-1.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tm2414375d11_ex23-1.htm
<DESCRIPTION>EXHIBT 23.1
<TEXT>
Document 3 - file: tm2414375d11_ex23-1.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>tm2414375d11_ex23-2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
Document 4 - file: tm2414375d11_ex23-2.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>5
<FILENAME>tm2414375d11_ex23-3.htm
<DESCRIPTION>EXHIBIT 23.3
<TEXT>
Document 5 - file: tm2414375d11_ex23-3.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>6
<FILENAME>tm2414375d11_ex23-4.htm
<DESCRIPTION>EXHIBIT 23.4
<TEXT>
Document 6 - file: tm2414375d11_ex23-4.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.5
<SEQUENCE>7
<FILENAME>tm2414375d11_ex23-5.htm
<DESCRIPTION>EXHIBIT 23.5
<TEXT>
Document 7 - file: tm2414375d11_ex23-5.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.6
<SEQUENCE>8
<FILENAME>tm2414375d11_ex23-6.htm
<DESCRIPTION>EXHIBIT 23.6
<TEXT>
Document 8 - file: tm2414375d11_ex23-6.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>9
<FILENAME>tm2414375d11_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
Document 9 - file: tm2414375d11_ex99-1.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>10
<FILENAME>tm2414375d11_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
Document 10 - file: tm2414375d11_ex99-2.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>11
<FILENAME>tm2414375d11_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
Document 11 - file: tm2414375d11_ex99-3.htm

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<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>ft_investmentbanking-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 12 - file: ft_investmentbanking-bw.jpg

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<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>ft_raymondchicago-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 13 - file: ft_raymondchicago-bw.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>lg_alerusfincorp-4clr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 14 - file: lg_alerusfincorp-4clr.jpg

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<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>lg_davidson-4c.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 15 - file: lg_davidson-4c.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>lg_hmnfin-bwlr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 16 - file: lg_hmnfin-bwlr.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>lg_raymondjamesreg-4c.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 17 - file: lg_raymondjamesreg-4c.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>sg_bradleypkrehbiel-bwlr.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 18 - file: sg_bradleypkrehbiel-bwlr.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>sg_cindykhamlin-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 19 - file: sg_cindykhamlin-bw.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>sg_katiealorenson-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 20 - file: sg_katiealorenson-bw.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>sg_nicholasbrenckman-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 21 - file: sg_nicholasbrenckman-bw.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>sg_raymondjamesreg-bw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 22 - file: sg_raymondjamesreg-bw.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>tm2414375d11_ex23-6img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 23 - file: tm2414375d11_ex23-6img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>tm2414375d11_ex23-6img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 24 - file: tm2414375d11_ex23-6img002.jpg

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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>tm2414375d11_ex5-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 25 - file: tm2414375d11_ex5-1img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>tm2414375d11_ex99-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 26 - file: tm2414375d11_ex99-1img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>tm2414375d11_ex99-1img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 27 - file: tm2414375d11_ex99-1img002.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>tm2414375d11_ex99-1img003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 28 - file: tm2414375d11_ex99-1img003.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>29
<FILENAME>tm2414375d11_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
Document 29 - file: tm2414375d11_ex-filingfees.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>30
<FILENAME>tm2414375d11_img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 30 - file: tm2414375d11_img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>31
<FILENAME>tm2414375d11_ex99-2img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 31 - file: tm2414375d11_ex99-2img001.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>32
<FILENAME>tm2414375d11_ex99-2img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 32 - file: tm2414375d11_ex99-2img002.jpg

</DOCUMENT>
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