Acquiring Company
Alerus Financial Corporation and Alerus Financial N.A
Acquired Company
MPB BHC and Metro Phoenix Bank
Description
Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. Founded in 2007, Metro Phoenix Bank is the largest full-service community bank headquartered in Phoenix, with approximately $453 million in total assets, $280 million in total loans, and $402 million in total deposits as of March 31, 2022. Metro Phoenix Bank operates one branch in Phoenix, serving small- and medium-sized businesses throughout the metro area.
Quick answer
Alerus Financial Corporation and Alerus Financial N.A is acquiring MPB BHC and Metro Phoenix Bank, announced July 1, 2022.
- How much did Alerus Financial Corporation and Alerus Financial N.A pay for MPB BHC and Metro Phoenix Bank?
- The deal value was not disclosed.
- What does Alerus Financial Corporation and Alerus Financial N.A do?
- Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, N.D. Through its subsidiary, Alerus Financial, N.A., Alerus provides innovative and comprehensive financial..
Source: Fundz verified event record.
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Who to call at Alerus Financial Corporation and Alerus Financial N.A, and when
When Alerus Financial Corporation and Alerus Financial N.A changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired MPB BHC and Metro Phoenix Bank?
MPB BHC and Metro Phoenix Bank was acquired by Alerus Financial Corporation and Alerus Financial N.A. The deal was reported on July 1, 2022. Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, N.D. Alerus Financial Corporation and Alerus Financial N.A is privately held and operates in Financial Services.
When did Alerus Financial Corporation and Alerus Financial N.A acquire MPB BHC and Metro Phoenix Bank?
Alerus Financial Corporation and Alerus Financial N.A's acquisition of MPB BHC and Metro Phoenix Bank was reported on July 1, 2022. Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc. (OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MPB BHC and Metro Phoenix Bank do?
Metro Phoenix Bank (“MPB”), established in 2007 and headquartered in Phoenix, Arizona, is a full-service community bank that caters to small- to mid-sized businesses and real estate professionals. It is privately held, operating in Financial Services.
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