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CEO Randy Newman Wins EY Entrepreneur of the Year® Award

Alerus | JUN 10, 2016

Winner of the Upper Midwest Region Competition

We're thrilled to announce that Randy Newman, Chairman, President and CEO of Alerus, has been named the 2016 Ernst & Young Entrepreneur Of The Year® Upper Midwest! Randy has been with Alerus for 35 years, and while at first it may not seem like a longtime banker would be thought of as an entrepreneur, one thinks about all that he has done during his tenure. Here are just a few of the major changes Alerus has gone through under the leadership of Randy, the board, and our senior management team:

  • Expanded from one location in Grand Forks, ND, to more than 25 locations in 5 states.
  • Transformed from a traditional bank to a full-service financial firm offering mortgage, retirement, and wealth management services.
  • Rebounded from 1997's devasting flood and fire that claimed First National Bank North Dakota's (now Alerus') building.
  • Completed 18 strategic acquisitions since 2002.

It's fair to say that Randy has been a major driver in reinventing this company from the inside out. We are excited for him and for the future of our company!

About the EY Entrepreneur Of The Year Program

The EY Entrepreneur Of The Year program recognizes business leaders from a broad range of industries, in almost 150 cities, and in more than 60 countries across the globe. EY divides the country into regions, and award winners from each region will go on to the national competition in November. The national awards gala will be in Palm Springs, California, on Nov. 19, 2016. The award presentation is the capstone event of the Strategic Growth Forum, a prestigious gathering of growth oriented leaders from a multitude of companies.

Founded and produced by EY, the Entrepreneur Of The Year Awards are sponsored nationally by SAP America, Merrill Corporation and the Ewing Marion Kauffman Foundation. In the Upper Midwest, region sponsors include PadillaCRT, Faegre Baker Daniels, Twin Cities Business, Schulze School of Entrepreneurship, Salo, Lockton and Pohlad Companies.

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