ALERUS FINL CORP

Ticker: ALRS CUSIP: 01446U103 Class: Common Stock

Stilwell Value LLC's Holding History (CIK: 0001397076)

Note: Option positions (PUT/CALL) are excluded.

Q3 2019

Shares 35,000 Value ($000) $763 Avg Close $16.34 Range $15.24 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	35,000	$763	$16.34	$15.24 - $19.46