Alerus Financial Corp
Ms. Estep Ms. Estep is an accomplished executive with extensive knowledge of digital technology, electronic payments, strategic planning, mergers and acquisitions, and product development, sales, marketing, and risk management. She retired in 2019 as CEO of Nacha, the governing body for the US ACH payment network. Before joining Nacha, Ms. Estep served as Executive Vice President of U.S. Bank’s Transaction Services Division. Prior roles included leading the sales and marketing teams of Pace Analytical, as well as its major environmental lab location. Before these roles, she developed extensive technology knowledge through many field and headquarters positions with IBM, managing sales teams, and product development for both hardware and software.
Ms. Estep received a B.A. in Economics and Psychology from St. Olaf College and currently serves on the board of ACI Worldwide, a global payments software provider, serving on its Nominating and Governance and its Audit/Risk Committees.
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Alerus Financial Corp
Alerus Financial Corporation is a diversified financial services company. Through its subsidiary, Alerus Financial, National Association, the Company provides financial solutions to businesses and consumers. It operates through four segments: Banking, Retirement and Benefit Services, Wealth Management and Mortgage. The Banking division offers a line of loan, deposit, cash management, and treasury services. Retirement and Benefit Services provides recordkeeping and administration services to retirement plans; employee stock ownership plan (ESOP) trustee, recordkeeping, and administration, and investment fiduciary services to retirement plans. The Wealth Management division provides advisory and planning services, investment management, and trust and fiduciary services to clients. The Mortgage division offers mortgage loans through a centralized mortgage unit in Minneapolis, Minnesota, as well as through the Banking office locations.