Federal Reserve Board announces approval of application by Alerus Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on May 24. It is reproduced in full below.

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.

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Source: Board of Governors of the Federal Reserve System