NEW YORK, Feb. 13, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Alerus Financial Corp. (OTCQX: ALRS), a diversified financial services company, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
Alerus Financial begins trading today on OTCQX under the symbol "ALRS." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are proud to welcome Alerus Financial to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "As a diversified financial company with $1.5 billion in banking assets and a wealth management division comprised of $1.9 billion in assets under management and $18 billion in assets under administration, Alerus is one of the largest banks on OTCQX. We look forward to supporting Alerus as it continues to grow and enhance value for shareholders on OTCQX."
"Moving to the OTCQX marketplace is an important step in the continued evolution of Alerus," said Randy Newman, President and CEO of Alerus Financial Corporation. "Our presence on OTCQX helps to solidify our standing as a strong and growing financial institution and we believe the move will have a positive impact for our shareholders."
Raymond James & Associates serves as Alerus Financial's Corporate Broker on OTCQX.
Alerus Financial Corporation is a diversified financial services company providing commercial and consumer banking, residential mortgage, trust and investment management, financial planning, brokerage, and retirement plan administration services. Alerus provides these services through its wholly owned subsidiary bank, Alerus Financial, N.A., and its affiliates from banking offices in North Dakota, Minnesota and Arizona and serves retirement plan customers nationwide.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-alerus-financial-to-otcqx-300035710.html
SOURCE OTC Markets Group Inc.