Alerus names Jim Collins as Chief Banking and Revenue Officer

ALERUS FINANCIAL CORP

Jim Collins appointed EVP and Chief Banking and Revenue Officer, effective May 31, 2022.
Collins previously served as Minnesota regional CEO and president of corporate banking at Old National Bank; held senior roles at Anchor Bank for 13+ years.
Compensation includes base salary, bonus potential, cash signing bonus, and restricted stock grant vesting over three years starting Dec 2023.
Entered Executive Severance Agreement: severance equal to 100% base salary plus average of three most recent annual bonuses upon termination without cause.
Collins will lead all revenue-related activities including balance sheet growth, client solutions, segmentation, and client servicing.

item 5.02 item 9.01

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Appointed

Jim Collins

Executive Vice President and Chief Banking and Revenue Officer

ALRS · ALERUS FINANCIAL CORP

Effective: 2022-05-31
Filed: May 31, 2022, 7:59 PM ET

On May 31, 2022, Alerus Financial Corporation (the “Company”) announced that Jim Collins has been appointed to the position of Executive Vice President and Chief Banking and Revenue Officer of the Company, effective May 31, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jim Collins was appointed as Executive Vice President and Chief Banking and Revenue Officer at ALERUS FINANCIAL CORP.

Action: appointed
Role: Executive Vice President and Chief Banking and Revenue Officer

Exact text from the filing

On May 31, 2022, Alerus Financial Corporation (the “Company”) announced that Jim Collins has been appointed to the position of Executive Vice President and Chief Banking and Revenue Officer of the Company, effective May 31, 2022.

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Source: SEC EDGAR

accession 0001104659-22-066667

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