Alerus Financial Executive and Leadership Team

July, 2026

Leadership Overview

Alerus Financial has 5 executives leading key functions including strategy, operations, finance, and market leadership.

Driven by integrated financial solutions, Alerus Financial is dedicated to delivering personalized service and financial expertise across its Banking, Mortgage, Retirement and Benefit Services, and Wealth Management segments, impacting clients across multiple regions.

Leadership Roles at Alerus Financial

  • President & Chief Executive Officer - Katie Lorenson
  • Chief Financial Officer - Carl Carlson
  • Executive Vice President & Chief Financial Officer - Alan Villalon
  • Chief Operating Officer - Lawrence McGraw
  • Market President - Matthew Bradford
  • Katie Lorenson - President & Chief Executive Officer

    Katie Lorenson, the President & Chief Executive Officer at Alerus Financial, directs the overarching corporate strategy and operational execution across all business segments. This leadership role involves guiding the company's integrated financial services model, encompassing Banking, Mortgage, Retirement and Benefit Services, and Wealth Management. Lorenson ensures the delivery of comprehensive solutions to both businesses and consumers, aligning departmental objectives with the organization's commitment to personalized service and financial expertise. Overseeing the strategic direction, Katie Lorenson drives the company's market presence and financial performance, ensuring robust growth and sustained client engagement across multiple regions. The Chief Executive Officer's mandate includes fostering innovation and maintaining the highest standards of operational integrity throughout the enterprise.

    Carl Carlson - Chief Financial Officer

    Carl Carlson, the Chief Financial Officer at Alerus Financial, oversees the financial health and strategic fiscal planning for the entire organization. This critical role involves managing the financial performance of the Banking, Mortgage, Retirement and Benefit Services, and Wealth Management segments. Carlson directs all financial operations, including budgeting, forecasting, and financial reporting, ensuring compliance with regulatory standards and maximizing profitability. The Chief Financial Officer's responsibilities extend to capital allocation, investment strategies, and risk management, safeguarding the company's assets and supporting sustainable growth. By providing astute financial oversight, Carl Carlson enables Alerus Financial to maintain its commitment to financial expertise and deliver robust integrated solutions to its diverse client base across multiple regions.

    Alan Villalon - Executive Vice President & Chief Financial Officer

    Alan Villalon, the Executive Vice President & Chief Financial Officer at Alerus Financial, collaborates closely with the Chief Financial Officer to manage the company's financial strategy and operations. Villalon's oversight extends across the Banking, Mortgage, Retirement and Benefit Services, and Wealth Management segments, ensuring financial integrity and driving fiscal performance. This executive role involves detailed financial analysis, strategic planning for capital deployment, and the management of financial risks inherent in the banking and financial services industry. Alan Villalon supports the development and execution of financial policies that align with the company's mission of providing personalized service and financial expertise. By contributing to robust financial management, Villalon reinforces Alerus Financial's capacity to serve clients effectively across multiple regions and maintain a strong market position.
    Alan Villalon

    Lawrence McGraw - Chief Operating Officer

    Lawrence McGraw, the Chief Operating Officer at Alerus Financial, manages the day-to-day operational efficiency and service delivery across the organization's four primary business segments. This involves optimizing processes within Banking, Mortgage, Retirement and Benefit Services, and Wealth Management to ensure seamless integration and client satisfaction. McGraw oversees the implementation of sophisticated treasury management solutions, including electronic receivables management and remote deposit capture, streamlining business operations for clients. The Chief Operating Officer also ensures the effective execution of lending capabilities, from commercial loans to residential mortgages, supporting business growth and individual borrowing needs. By focusing on operational excellence, Lawrence McGraw enhances the company's capacity to provide personalized service and financial expertise, directly impacting client retention and operational scalability across all served regions.

    Matthew Bradford - Market President

    Matthew Bradford, the Market President at Alerus Financial, spearheads regional business development and client relationship management within designated market areas. This leadership position focuses on expanding the company's reach and deepening client engagement across the Banking, Mortgage, Retirement and Benefit Services, and Wealth Management segments. Bradford drives the implementation of localized strategies that align with the company's overarching commitment to personalized service and financial expertise. The Market President oversees the cultivation of new business opportunities and ensures the effective delivery of integrated financial solutions tailored to regional client needs. By championing market-specific initiatives, Matthew Bradford directly contributes to Alerus Financial's growth and its reputation for delivering exceptional value across multiple regions.

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    Frequently Asked Questions Regarding Alerus Financial Top Executives and Leadership Team

    Who leads Alerus Financial?
    Alerus Financial is led by Katie Lorenson (President & Chief Executive Officer), along with executives such as Carl Carlson (Chief Financial Officer) and Alan Villalon (Executive Vice President & Chief Financial Officer).
    Who is part of Alerus Financial’s executive team?
    The executive team of Alerus Financial includes leaders such as Katie Lorenson (President & Chief Executive Officer), Carl Carlson (Chief Financial Officer), Alan Villalon (Executive Vice President & Chief Financial Officer) and other senior executives.
    How many executives does Alerus Financial have?
    Alerus Financial has 5 executives leading key business areas.
    What roles are included in Alerus Financial’s leadership team?
    The leadership team of Alerus Financial includes roles such as President & Chief Executive Officer, Chief Financial Officer, Executive Vice President & Chief Financial Officer, Chief Operating Officer, Market President.