Alerus Expands Commercial Banking Expertise with Addition of Kelly Elkin

MINNETONKA, MINNESOTA (July 18, 2023) – Alerus is pleased to announce the addition of Kelly Elkin as a commercial banking executive specializing in nonprofit and government lending.

Elkin has more than 35 years of experience in the financial services industry, with extensive expertise in government and nonprofit lending, capital markets, Community Reinvestment Act, and grant-making. She is a decades-long advocate for community and economic development and is a skilled collaborator with nonprofits, government agencies, community development financial institutions, and the private sector to finance projects and programs that equitably support the needs of diverse communities. Before joining Alerus, Elkin spent seven years as a manager of government and nonprofit banking at Old National Bank. She previously served as senior vice president of nonprofit services at Minnesota Bank & Trust.

“Expanding our abilities in government and nonprofit banking is a strategic growth decision, and it also reflects our core value of doing the right thing,” Alerus President and CEO Katie Lorenson said. “Serving this segment allows us the opportunity to help our communities grow and thrive while improving the lives of individuals and families. Kelly brings a very high caliber of talent to our company, and we are honored to have her lead our growth in this area.”


About Alerus

Alerus (Alerus Financial, N.A.) is a diversified financial services company that provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology.

Alerus has banking, mortgage, and wealth management offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix, Scottsdale, and Mesa, Arizona. Alerus Retirement and Benefits plan administration hubs are located in Minnesota, Michigan, and Colorado.