Randy Newman

Randy L. Newman serves as President, CEO, and Chairman of the Board for Alerus Financial,

N.A. and Alerus Financial Corporation (ALRS), a $2.4 billion commercial bank, with a wealth management division comprised of $6 billion assets under management and $28.2 billion assets under administration. Mr. Newman joined Alerus, formerly First National Bank North Dakota in 1981, and became its President in 1987 and CEO in 1995. Prior to joining Alerus, he taught Corporate Finance and Business Strategy courses at the University of North Dakota.

Mr. Newman served as a Class A Director of the Federal Reserve Bank of Minneapolis from 2013-2018 a director of the Federal Home Loan Bank of Des Moines from 1999-2007.

Mr. Newman received his BSBA in 1975 and his MBA in 1979 from the University of North Dakota.