Alerus Financial Corp (NAS:ALRS)
$ 22.23 -0.1 (-0.45%) Market Cap: 563.27 Mil Enterprise Value: 765.98 Mil PE Ratio: 148.20 PB Ratio: 1.14 GF Score: 67/100

Alerus Financial Corp to Acquire Metro Phoenix Bank M&A Call Transcript

Dec 09, 2021 / 04:00PM GMT
Release Date Price: $30 (-4.61%)
Operator

Good morning, and welcome to the conference call to discuss Alerus Financial Corporation plan of a merger to acquire Metro Phoenix Bank Holding Company. (Operator Instructions) Please note, this event is being recorded.

This call may include forward-looking statements, and the company's actual results may differ materially from those indicated in any forward-looking statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are listed in the press release and the company's SEC filings. I would now like to turn the conference over to Alerus Financial Corporation Chairman, President and CEO, Randy Newman. Please go ahead.

Randy Louis Newman
Alerus Financial Corporation - Chairman, President & CEO

Thank you. Good morning, everyone, and thanks for joining us. As you know, yesterday, we announced our intent to acquire Metro Phoenix Bank, the largest community bank headquartered in Phoenix. Yesterday, we also shared the news with our current staff in Arizona and introduced

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