NOTICE OF APPLICATION FOR ACQUISITION OF A BANK HOLDING COMPANY BY A BANK HOLDING COMPANY Alerus Financial Corporation, 401 Demers Avenue, Grand Forks, North Dakota 58201, has applied to the Federal Reserve Board (the “Federal Reserve”) for permission to merge with another bank holding company, MPB BHC, Inc., which controls Metro Phoenix Bank, both of which are located at 4686 E. Van Buren Street, Suite 150, Phoenix, Arizona 85008. The Federal Reserve considers a number of factors in deciding whether to approve the application including the record of performance of banks we own in helping to meet local credit needs. You are invited to submit comments in writing on the application to the Federal Reserve Bank of Minneapolis, Attention: Applications Officer, Division of Supervision, Regulation and Credit, P.O. Box 291, Minneapolis, Minnesota 55480-0291. The comment period will not end before February 11, 2022, and may be somewhat longer. The Board’s procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Federal Reserve Board’s procedures, or if you need more information about how to submit your comments on the application, contact Chris Wangen, Assistant Vice President, at (612) 204-5087. The Federal Reserve will consider your comments and any request for a public meeting or formal hearing on the application if they are received in writing by the Reserve Bank on or before the last day of the comment period. (Jan. 12, 2022) 21651