Market Overview

Alerus Selects VMS Process-and-Control Solution to Enhance Back-Office Processing


Alerus Financial Corporation ("Alerus") (OTCQX:ALRS) has selected
Vertical Management Systems, Inc. ("VMS") to help streamline the
workflow of its wealth management division by providing a comprehensive
data aggregation solution for its retirement and trust systems.

"Due to Alerus' growth over the past five years combined with our
acquisition strategy, we needed an aggregation point to create an
institutional-level view across our departments to improve transparency
and flexibility with current and future third-party products," said
Brian Overby, President of Alerus Retirement and Benefits. "VMS'
workflow solution will provide better compliance oversight and help us
maximize efficiency across the organization."

"We are excited that Alerus Financial has selected VMS to provide a
holistic solution for their wealth management business that will improve
regulatory oversight and efficiency," said Kevin Rafferty, President and
Chief Executive Officer at VMS. "In addition, we are thrilled to have
Alerus as a development partner focused on automating the client billing
and shareholder service credit process."

"The growth and increased use of different types of assets and deal
structures over the last 10 years is continuing to put enormous
structural pressure on institutions' back office systems and operational
workflows around income tracking, shareholder service revenue billing
and receipt as well as reconciliation," said Bob Ward, Chief Revenue
Officer at VMS. "VMS is committed to continuing to invest in these areas
to help support our existing clients, who now process over $700B in
assets, and new clients like Alerus by providing them with the
flexibility to maximize revenue, control expenses and leverage their
already significant technology spend on existing applications."

About Alerus Financial Corporation

Alerus Financial Corporation, through its subsidiaries Alerus Financial,
N.A. and Alerus Securities Corporation, offers business and consumer
banking products and services, residential mortgage financing,
employer-sponsored retirement plan and benefit administration, and
wealth management including trust, brokerage, insurance, and asset
management. Alerus Financial banking and wealth management offices are
located in Grand Forks and Fargo, N.D., the Minneapolis-St. Paul, Minn.
metropolitan area, Duluth, Minn., and Scottsdale, Ariz. Alerus
Retirement and Benefits plan administration offices are located in St.
Paul, Minn., Albert Lea, Minn., East Lansing and Troy, Mich., and
Bedford, N.H.

About Vertical Management Systems, Inc. (VMS)

Vertical Management Systems (VMS) is one of the nation's leading
providers of data, financial networking, and account aggregation
technology. For 25 years, VMS has designed, developed and hosted
accounting and securities process-and-control solutions for the
largest financial institutions in the United States. VMS' core products
include an innovative process-and-control solution, a comprehensive data
aggregation tool, and a next-generation retirement platform. VMS is a NewSpring
portfolio company. For more information, please visit

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