{"id":478321,"date":"2021-04-19T16:29:10","date_gmt":"2021-04-19T20:29:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/raymond-james-ranks-alerus-among-top-10-of-community-banks\/"},"modified":"2021-04-19T16:29:10","modified_gmt":"2021-04-19T20:29:10","slug":"raymond-james-ranks-alerus-among-top-10-of-community-banks","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/raymond-james-ranks-alerus-among-top-10-of-community-banks\/","title":{"rendered":"Raymond James Ranks Alerus Among Top 10% of Community Banks"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Raymond James Ranks Alerus Among Top 10% of Community Banks<\/b><\/p>\n<p>GRAND FORKS, N.D.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAlerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this prestigious award recognizes the top 10% of 241 publicly traded community banks in the U.S. with assets between $500 million and $10 billion.\n<\/p>\n<p>\nRecipients demonstrated superior financial performance in one or more of six financial performance and stability areas, as identified and measured by Raymond James. Those areas include: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity.\n<\/p>\n<p>\n\u201cThis award recognizes the value of our business model and meaningful work we provide to clients. Our company continues to achieve incredible financial performance, despite a global pandemic and economic downturn,\u201d said Alerus Chief Financial Officer Katie Lorenson. \u201cIt is an honor to be among a select few community banks across the nation that outperformed the NASDAQ Bank Index.\u201d\n<\/p>\n<p>\nAlerus was one of just 25 organizations to receive the 2020 Community Bankers Cup and one of seven first-time recipients. 2020 was the first year Alerus was eligible to receive the award, after becoming publicly traded on Nasdaq in September 2019.\n<\/p>\n<p><b>About Alerus Financial Corporation<\/b><\/p>\n<p>\nAlerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments\u2014banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. Alerus Financial banking and wealth management offices are located in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan area and Scottsdale and Mesa, AZ. Alerus Retirement and Benefits plan administration offices are located in St. Paul, MN, East Lansing, MI, and Littleton, CO.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210419005885r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210419005885\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210419005885\/en\/<\/a><\/span><\/p>\n<p>\nKris Bevill, Public Relations Manager<br \/>\n<br \/>701.280.5076 (Office)<br \/>\n<br \/>701.306.8561 (Cell)<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kris.bevill@alerus.com\">kris.bevill@alerus.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America North Dakota<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210419005885\/en\/769702\/3\/AlerusFinancialCorporation-Color.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Raymond James Ranks Alerus Among Top 10% of Community Banks GRAND FORKS, N.D.&#8211;(BUSINESS WIRE)&#8211; Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this prestigious award recognizes the top 10% of 241 publicly traded community banks in the U.S. with assets between $500 million and $10 billion. Recipients demonstrated superior financial performance in one or more of six financial performance and stability areas, as identified and measured by Raymond James. Those areas include: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity. \u201cThis &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/raymond-james-ranks-alerus-among-top-10-of-community-banks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Raymond James Ranks Alerus Among Top 10% of Community Banks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-478321","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Raymond James Ranks Alerus Among Top 10% of Community Banks - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/raymond-james-ranks-alerus-among-top-10-of-community-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raymond James Ranks Alerus Among Top 10% of Community Banks - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Raymond James Ranks Alerus Among Top 10% of Community Banks GRAND FORKS, N.D.&#8211;(BUSINESS WIRE)&#8211; Alerus Financial Corporation (NASDAQ: ALRS) is pleased to announce it has received the Raymond James Community Bankers Cup award for 2020. Now in its ninth year, this prestigious award recognizes the top 10% of 241 publicly traded community banks in the U.S. with assets between $500 million and $10 billion. Recipients demonstrated superior financial performance in one or more of six financial performance and stability areas, as identified and measured by Raymond James. 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