 GRAND FORKS, N.D.--BUSINESS WIRE--Alerus Financial Corporation NASDAQ: ALRS announced that its board of directors declared a regular quarterly cash dividend of 0.15 per common share. The dividend is payable on April 9, 2021, to shareholders of record as of close of business on March 19, 2021. The Company also announced that its board of directors approved a stock repurchase program the Program which authorizes the Company to repurchase up to 770,000 shares of its common stock, subject 