Richard Joseph 601 Carlson Parkway, Suite 1050 Minnetonka, MN 55305 952.449.5115 952.449.5101 fax 763.442.7719 cell rjoseph@alerusmail.com Welcome to Alerus e-connect! Welcome to the inaugural issue of Alerus e-connect, a periodic update on the happenings within the wealth management division of Alerus Financial. Let's Start from the Beginning We realize Alerus Financial may not be a household name (yet!), so we wanted to give you a glimpse of how it all began—and how far we've come. We're proud of our heritage, which serves as a touchpoint for decisions we make daily. Alerus Financial Buys Minneapolis-based Stanton Trust Alerus Financial is proud to announce the acquisition of Stanton Trust Company, a subsidiary of Minneapolis-based Stanton Holdings Inc. The venture expands Alerus Financial's wealth management division, adding $2.1 billion in assets under management and 390 clients in and around the Twin Cities. ESOP Fiduciary Services Employee stock ownership plans are one of the most popular ways for companies to share ownership with their employees. Alerus Financial helps companies understand and avoid the potential conflicts of interest with new or existing ESOPs. Download our fact sheet to learn how. Alerus Embraces Strategic Alliances In order to deliver the best possible solution to meet each customer's needs, we sometimes package our services with those of another professional or firm. Two recent examples epitomize this strategy. We're Growing, So We're Moving Because of our growth in Minneapolis, we need more space. Effective in January, Alerus Financial will move to the Crescent Ridge Corporate Center at 10900 Wayzata Boulevard in Minnetonka. Look for additional information in coming months. The products offered (1) are not FDIC insured; (2) are not deposits or obligations of a bank; and (3) involve investment risk, including possible loss of the principal amount invested.