Alerus Financial Announces Leadership Changes in Technology and Risk Management

Alerus Financial Transitions Leadership in Technology and Risk Management

Alerus Financial Corporation announces a significant leadership change as Jon Hendry, the Executive Vice President and Chief Technology Officer, prepares for retirement at the end of the year. This transition marks the culmination of Hendry’s impressive 40-year career, during which he has played an essential role in steering the company's technological advancements and crisis management efforts, notably during the Grand Forks flood and fire in 1997. As Alerus Financial continues to evolve, the company strategically places Karin Taylor in the role of Executive Vice President and Chief Operating Officer, effective January 1, 2025. Taylor's extensive experience, which includes her tenure as Chief Risk Officer since 2018, positions her well to lead the company in its next chapter.

Karin Taylor brings approximately 30 years of experience in the financial industry to her new role, where she will oversee critical areas such as risk management, regulatory compliance, legal, internal audit, and operations. This multifaceted responsibility will extend to information technology, ensuring that Alerus Financial not only maintains but enhances its technological capabilities. With a comprehensive understanding of the company’s operational framework, Taylor's leadership is expected to foster an environment of innovation and risk mitigation, aligning with Alerus's commitment to delivering competitive, client-focused solutions.

In tandem with Taylor's promotion, Alerus appoints Joe Birkholz as the new Chief Risk Officer. Birkholz, who brings nearly two decades of experience with a strong focus on risk management, previously served as Chief Risk Officer at Bridgewater Bank and held a senior role at TCF Financial Corporation. His addition to the team is timely, as Alerus Financial aims to strengthen its risk management practices amidst evolving market dynamics. Both Taylor and Birkholz are set to play pivotal roles in ensuring that the company remains agile in addressing potential challenges while continuing to prioritize client needs.

Alerus Financial operates 29 banking and wealth offices primarily located in Grand Forks, Fargo, and the Minneapolis-St. Paul metropolitan area. The company emphasizes its commitment to understanding client needs and delivering competitive banking, wealth management, and retirement plan services. With the leadership transition, Alerus reaffirms its dedication to leveraging digital solutions to enhance client experiences and service delivery.