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Alerus Financial Adds Staff to Grow Private Banking and Wealth Management Services in the Twin Cities

Minnetonka, MN (October 17, 2013) – Alerus Financial (Alerus) has significantly expanded its capabilities by adding Paul Dadlez, who joins wealth management, and Sara Ausman, Sarah Kostial, Kavanaugh Hill, and Laura La Fontaine to private banking. The team will develop and grow Alerus' wealth management and private banking segments by providing comprehensive and coordinated services to individuals, institutions, and corporations with unique and sophisticated investment and private banking needs.

Paul Dadlez joins Alerus as Director of Wealth Advisory Services in the Twin Cities. He is responsible for orchestrating comprehensive wealth management services including financial and wealth transfer planning, trust services, asset management, and private banking. Paul comes to Alerus with more than 19 years of experience in the fields of banking, investments, insurance, and law. He received a Bachelor's degree from the University of Wisconsin-Madison, an MBA from the University of St. Thomas School of Business, and a J.D. from Hamline University School of Law. Paul most recently served as a Vice President, Wealth Management Advisor with The Private Client Reserve of US Bank.

"Alerus has a deep respect for personal attention and care in working with their clients," stated Dadlez. He further commented, "Its sophisticated wealth management platform affords Alerus the ability to compete on even footing with many larger institutions and provides a leg up on smaller firms unable to replicate its capabilities." Sunil Swami, President and Chief Investment Officer of Alerus Investment Advisors added, "Paul understands the complex and unique wealth management needs of individuals, business owners, and executives. He is extremely competent at coordinating specialists and mobilizing resources to help design and implement strategies to accomplish clients' goals."

Alerus' wealth advisory services are complimentary to its private banking team, which is led by Managing Director of Professional Services and Private Banking, Sara Ausman. Her team includes two private banking relationship managers, Sarah Kostial and Kavanaugh Hill, and a dedicated private banking associate, Laura La Fontaine. Offering high-touch personalized attention and exclusive services, Alerus' private banking team works primarily with affluent individuals, medical practices, law firms, and organizations with intricate ownership structures.

Sara Ausman states, "Sarah, Kavanaugh, and Laura are high performance experts in their field. I am proud to have them on the Alerus team. They are the right group of professionals with the skills and experience required to serve the unique needs of our successful customer base." Ausman adds, "In conjunction with Alerus and its affiliates' broad array of services—banking, brokerage, insurance, investment, mortgage, retirement services and trust operations along with a deep bench of talented specialists—we have sophisticated tools and resources to provide clients a 360° solution to banking and wealth management."

An accomplished banker with extensive experience working with professional service firms as well as high net worth individuals, Ausman joined Alerus in 2012 with more than 20 years of industry experience. She achieved impressive results at both private and public financial institutions including BMO Harris Bank, Marshall & Ilsley (M&I) Bank, Excel Bank, and Marquette Capital. She most recently served as regional senior vice president, managing director, commercial banking at BMO Harris Bank. Kostial, Hill, and La Fontaine bring a combined total of 35 years of experience to the Alerus private banking team.

"Sara's proven ability to implement and grow a private banking strategy, coupled with her strategic thinking and innovate leadership, are exactly what we were looking for to grow this part of our business," said Karl Bollingberg, Director of Banking Services at Alerus. Bollingberg added, "While we are initially focused on catering to our targeted customer base in the Twin Cities market, we will expand our private banking and professional services offering to all Alerus markets, including: North Dakota, greater Minnesota, and Arizona."

Full biographies and photos are available from Missy Keney, Alerus Financial corporate communications manager, 701.280.5120.

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. Alerus' banking offices are located in North Dakota's Red River Valley, Minnesota's Twin Cities, and Scottsdale, Arizona.

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