Alerus Financial has acquired 2 companies, including 2 in the last 5 years.
Alerus Financial’s largest acquisition to date was in 2024, when it acquired HMN Financial for $116M. Alerus Financial has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).
401 Demers Avenue,
Grand Forks, North Dakota
58201
United States,
(701) 795-3200
www.alerus.com
| Date | Target |
Value
$mlns |
Transaction Type | Acquirer | Seller |
SRC
Link |
||
|---|---|---|---|---|---|---|---|---|
| 2024-05-15 |
Home Federal · Financial Services
Rochester, United States · www.justcallhome.com Home Federal is a savings bank with 12 branches in Minnesota and one branch in Iowa and Wisconsin. It currently has $1.1 billion in total assets, which include approximately $876.6 million in loans and $983.2 million in total deposits. Home Federal was formed in 1934 and is based in Rochester, New York.
|
116
3.0x REVENUE |
Merger |
Alerus Financial
|
- |
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