Alerus Financial Corporation announced that Alan 'Al' Villalon has been named Chief Financial Officer. Mr. Villalon replaces Katie Lorenson, who transitioned to President and Chief Executive Officer effective January 1, 2022. Mr. Villalon is a strategic finance executive with over 25 years of experience in financial services.

He most recently served as Deputy Director of Investor Relations and Senior Vice President at U.S. Bank. Prior to U.S. Bank, he spent most of his career in equity analyst research roles, including serving as a Senior Research Analyst at Thrivent Asset Management, and a Senior Research Analyst at Nuveen Asset Management/First American Funds Advisors.