We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MPB BHC, INC. (“MPB” or the “Company”) (OTC: MPHX), in connection with the proposed acquisition of the Company by Alerus Financial Corporation(“Alerus”) (NASDAQ: ALRS).  Under the terms of the merger agreement, MPB’s shareholders will receive 0.74 of a share of Alerus for each MPB share they own, representing implied per-share merger consideration of approximately $14.32 based upon MPB’s December 8, 2021 closing price of $19.35.

WeissLaw LLP is investigating whether (i) MPB’s board acted in the best interest of MPB’s public shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates MPB’s shareholders, and (iii) all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to MPB’s public shareholders.