Are my retirement assets safe at Alerus?
•Strength of Alerus Financial, N.A. Alerus Retirement Solutions is a division of Alerus Financial, N.A. a nationally chartered bank with our home office in Grand Forks, North Dakota. We are proud of the fact that we have grown over the last 75 years using a common sense approach to business expansion. We have not participated in sub-prime mortgage lending and remain a strong regional bank. We continue to be “Well Capitalized” as defined by federal regulators. In addition, our institution has most recently received a four star rating (excellent) by Bauer Financial, an independent nationally recognized bank rating system. •Safety of Retirement Plan Assets It is important to note that your retirement plan assets are not affected by the financial condition of Alerus. We hold your assets pursuant to The Employee Retirement Income Security Act of 1974 (ERISA) and we are required to keep these assets segregated from the general assets of the bank.
