Alerus Financial Corporation Names Jim Collins Chief Banking and Revenue Officer

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GRAND FORKS, ND–(BUSINESS WIRE)–Alerus Financial Corporation (Nasdaq: ALRS) (the “Company”) today announced that industry veteran Jim Collins will join the Company as Executive Vice President and Chief Banking and Revenue Officer, as of May 31, 2022.

Mr. Collins is an accomplished executive with nearly 30 years of experience in the financial services industry and extensive expertise in commercial banking. Previously, he was Minnesota Regional General Manager and President of Business Banking for Old National Bank. Previously, he held various management and executive positions for Anchor Bank for over 13 years, including Senior Vice President of Commercial Banking, Market President and Regional President. He was Director of Commerce, Community and Wealth when Anchor Bank was acquired by Old National Bank in 2017.

Throughout his career, Mr. Collins has held a variety of leadership positions, successfully recruiting and retaining top talent, building and guiding teams to consistent growth. As Director of Banking and Revenue, Mr. Collins will lead all revenue-related activities across the company’s footprint, including balance sheet growth, solution strategies and customer segmentation. , products and administration, and customer service.

“Jim’s deep understanding of commercial banking and proven leadership skills will strengthen our leadership team and he will play an important role in executing our growth plans,” said President and CEO Katie Lorenson. . “Not only is Jim an experienced banker in the industry, but he has also built a solid reputation as a leader that others want to follow. His willingness to lead from the front lines and his dedication to building relationships with team members and clients fits well with our culture and our relationship-driven approach to business. Alerus is a growing company with a strong credit culture and a diversified business model that brings unique solutions to its customers. With Jim’s leadership, we will continue to build on our recent successes by adding new clients, growing teams and recruiting professionals.

Mr. Collins holds a Bachelor of Commerce/Finance degree from the University of St. Thomas in St. Paul, Minnesota, and served 10 years in the US Marine Corps and Marine Reserves as a non-commissioned officer. He is based in Minneapolis.

About Alerus Financial Corporation

Alerus Financial Corporation is a diversified financial services company headquartered in Grand Forks, ND. Through its subsidiary, Alerus Financial, NA, Alerus provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments: Banking, Retirement and Benefits, Wealth Management and Lending. mortgages. Alerus provides customers with a primary point of contact to help fully understand each customer’s unique needs and delivery channel preferences. Customers receive competitive products, valuable information and sound advice supported by digital solutions designed to meet customer needs. Alerus Financial banking and wealth management offices are located in Grand Forks and Fargo, ND, Minneapolis-St. Paul, MN metro area and Scottsdale and Mesa, AZ. Alerus pension and benefits plan administrative offices are located in St. Paul, MN, East Lansing, MI and Littleton, CO.

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