Brief: Alerus Financial Corporation Sells $172.3M Of Debt Securities And Uses Proceeds To Fund Loan Growth, Cut Borrowings

Alerus Financial

19/12/2023 22:05

Dec 19 (Reuters) - Alerus Financial Corp  ALRS.O :
    * ALERUS FINANCIAL CORPORATION SELLS $172.3M OF DEBT
SECURITIES
AND USES PROCEEDS TO FUND LOAN GROWTH, CUT BORROWINGS
    * ALERUS FINANCIAL CORP - SALE RESULTED IN A ONE-TIME
PRE-TAX NET
LOSS OF $24.7 MILLION
    * ALERUS FINANCIAL CORP - RESTRUCTURING HAS NO IMPACT ON
TANGIBLE
CAPITAL, IMPROVES NET INTEREST MARGIN AND POSITIONS CO FOR
HIGHER EARNINGS IN 2024

Source text for Eikon:  ID:nBwbDjVMLa 
Further company coverage:  ALRS.O 

 ((Reuters.Briefs@thomsonreuters.com;))