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Galen G. Vetter Joins Board of Directors for Alerus Financial Corporation

GRAND FORKS, ND (August 20, 2013)—Alerus Financial Corporation (OTCQB: ALRS) is honored to announce the addition of Galen G. Vetter to their board of directors. Vetter has four decades of experience in the accounting/finance industry.

"We have a very strong leadership foundation in place and are extremely pleased to have Galen join Alerus' Board of Directors," said Alerus Financial Corporation Chairman, President, and Chief Executive Officer Randy Newman. "Galen's deep professional background in working with financial service companies will bring insightful perspective and knowledge to our Board."

Vetter spent the greater portion of his career with McGladrey, the fifth largest U.S. public accounting firm. During his 25-year tenure with McGladrey, Vetter held leadership positions including Partner In-Charge of the Upper Midwest Region and National Executive Partner. In addition to serving clients during his career at McGladrey, Vetter was responsible for financial management, information technology, and development of industry specific practices, including financial service companies.

In 2008, Vetter joined Franklin Templeton Investments (FTI) as Senior Vice President and Global Chief Financial Officer. FTI is one of the largest mutual fund complexes in the world. As a member of FTI's executive management team, Vetter helped oversee approximately 450 mutual funds and approximately 8,100 private accounts. He was also responsible for enterprise-wide risk assessment and management, including global internal control activities.

In retirement, Vetter also serves on the Board of Directors for Land O'Lakes, a Fortune 500, farmer-owned food and agricultural cooperative. He is currently a member of the National Association of Corporate Directors and previously served on the American Institute of Certified Public Accountants Executive Council/Technology and the Investment Company Institute Audit and Treasury Committee. Vetter obtained his CPA designation in 1973 (currently inactive), and received a Bachelor's of Science degree from the University of Northern Iowa.

About Alerus Financial Corporation Alerus Financial Corporation is a diversified financial services company providing commercial and consumer banking, residential mortgage, insurance, trust, securities brokerage, investment advisory, and retirement plan administration, recordkeeping and advisory products and services, through its wholly owned subsidiary bank, Alerus Financial, N.A., and its affiliates Alerus Investment Advisors Corporation and Alerus Securities Corporation, with banking offices in North Dakota's Red River Valley, Minnesota's Twin Cities, and Scottsdale, Arizona.

Media Inquiries
Missy Keney
701.280.5120
missy.keney@alerus.com

 
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