September 25, 2022


Be INvestment Confident

Alerus Economic Corporation Names Jim Collins Chief Banking and Profits Officer

GRAND FORKS, N.D., May 31, 2022–(Enterprise WIRE)–Alerus Economic Corporation (Nasdaq: ALRS) (the “Company”) introduced nowadays that sector veteran Jim Collins will be a part of the Organization as Government Vice President and Main Banking and Profits Officer, effective May perhaps 31, 2022.

Mr. Collins is an achieved executive with approximately 30 several years of expertise in the money products and services market and comprehensive skills in industrial banking. He earlier served as the Minnesota regional main government officer and president of corporate banking for Aged National Bank. Prior to that, he held various government and management roles for Anchor Bank for about 13 decades, together with senior vice president of commercial banking, marketplace president and regional president. He served as director of professional, local community and wealth when Anchor Lender was obtained by Previous Nationwide Financial institution in 2017.

All through his job, Mr. Collins has served in several leadership roles, effectively recruiting and retaining prime expertise, creating and guiding teams to regular advancement. As Chief Banking and Revenue Officer, Mr. Collins will guide all income-connected functions across the Company’s footprint, such as balance sheet growth, procedures for client methods and segmentation, item and administration, and shopper servicing.

“Jim’s deep knowing of commercial banking and established leadership capabilities will deepen our management crew and he will engage in an essential function in executing our growth programs,” mentioned President and Main Govt Officer, Katie Lorenson. “Not only is Jim an knowledgeable banker in the marketplace, but he has also designed a powerful track record as staying a chief that other folks want to adhere to. His willingness to guide from the front traces and dedication to setting up relationships with group members and shoppers fit effectively with our tradition and marriage-concentrated approach to organization. Alerus is a growth organization with a sturdy credit history culture and a diversified company product which delivers distinctive methods to consumers. With Jim’s management, we will proceed to construct on our current successes in including new customers, lifting out groups, and recruiting experts.”

Mr. Collins retains a bachelor’s diploma in small business/finance from the College of St. Thomas in St. Paul, Minnesota, and served for 10 yrs in the U.S. Maritime Corps and Maritime Reserves as a non-commissioned officer. He is based mostly in Minneapolis.

About Alerus Money Corporation

Alerus Economic Corporation is a diversified economic products and services corporation headquartered in Grand Forks, ND. By its subsidiary, Alerus Economical, N.A., Alerus provides modern and detailed financial alternatives to corporations and shoppers by way of 4 distinctive business segments — banking, retirement and added benefits expert services, wealth administration, and home loan. Alerus provides shoppers with a most important point of speak to to aid completely recognize the special wants and supply channel preferences of each individual client. Clients are furnished with aggressive merchandise, useful perception, and seem advice supported by electronic methods created to meet up with the clients’ requires. Alerus Money banking and prosperity administration places of work are in Grand Forks and Fargo, ND, the Minneapolis-St. Paul, MN metropolitan region and Scottsdale and Mesa, AZ. Alerus Retirement and Added benefits program administration workplaces are in St. Paul, MN, East Lansing, MI, and Littleton, CO.

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Missy Keney, Investor Relations
701.280.5120 (Workplace) :: 218.791.6818 (Cell)
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