May 24, 2022

Federal Reserve Board announces approval of application by Alerus Financial Corporation

For release at 3:30 p.m. EDT

The Federal Reserve Board on Tuesday announced its approval of the application by Alerus Financial Corporation, Grand Forks, North Dakota, to merge with MPB BHC, Inc., and thereby indirectly acquire Metro Phoenix Bank, both of Phoenix, Arizona.

Attached is the Board's order relating to the approval of the application.

For media inquiries, please email [email protected] or call 202-452-2955.

Last Update: May 24, 2022