---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-066667"
form_type: "8-K"
ticker: "ALRS"
cik: "0000903419"
company_name: "ALERUS FINANCIAL CORP"
filed_at: "2022-05-31T23:59:59+00:00"
generated_at: "2026-06-25T06:06:42.278499+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Alerus names Jim Collins as Chief Banking and Revenue Officer

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-066667
- form_type: 8-K
- ticker: ALRS
- cik: 0000903419
- company_name: ALERUS FINANCIAL CORP
- filed_at: 2022-05-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903419/000110465922066667/0001104659-22-066667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903419/000110465922066667/tm2217193d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-066667
- JSON: https://secwatch.observer/filing/0001104659-22-066667.json
- Plain text: https://secwatch.observer/filing/0001104659-22-066667.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903419/000110465922066667/0001104659-22-066667-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.