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Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS), announced today it has completed its previously announced acquisition of Retirement Planning Services, Inc. (“RPS”), which does business as RPS Plan Administrators and 24HourFlex. RPS provides retirement and health benefits administration for more than 1,000 plans, 48,000 plan participants, 300 COBRA clients, and 10,000 COBRA members, and brings more than 30 years of experience to Alerus’ robust retirement and health benefits services division. RPS is based in Littleton, Colorado, which expands Alerus’ geographic footprint to the Rocky Mountain region.
Alerus is a leading independent provider of retirement and benefit administration services. This transaction represents the company’s eleventh acquisition in the retirements and benefits vertical since 2003 and builds Alerus’ health benefits scale in a consolidating industry. The trans
Dow ends 124 points lower as Congress races to avert government shutdown, pass economic relief package MarketWatch 12/18/2020
MARKET SNAPSHOT
Benchmark U.S. stock indexes finished slightly lower Friday, after closing at record highs Thursday, as Washington lawmakers raced to extend a midnight deadline to avert a government shutdown and to pass another pandemic relief package.
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Friday also marked what is known as “quadruple witching day” the date when stock-index futures, stock-index options, stock options, and single-stock futures expire simultaneously, a potential source of volatility.
Tesla Inc. is being included in the S&P 500 at the conclusion of trading Friday and a rebalancing of portfolios likely also added some choppiness to markets, analysts said.
Dow ends 124 points lower as Congress races to avert government shutdown, pass economic relief package MarketWatch 12/18/2020
MARKET SNAPSHOT
Benchmark U.S. stock indexes finished slightly lower Friday, after closing at record highs Thursday, as Washington lawmakers raced to extend a midnight deadline to avert a government shutdown and to pass another pandemic relief package.
Popular Searches
Friday also marked what is known as “quadruple witching day” the date when stock-index futures, stock-index options, stock options, and single-stock futures expire simultaneously, a potential source of volatility.
Tesla Inc. is being included in the S&P 500 at the conclusion of trading Friday and a rebalancing of portfolios likely also added some choppiness to markets, analysts said.