Randy L. Newman

Chairman, President and CEO, Alerus Financial NA and Alerus Financial Corporation, Grand Forks, ND


Class A Director


Randy Newman has led Alerus (formerly First National Bank of North Dakota) as president since 1987 and added CEO to his responsibilities in 1995. Earlier in his career he taught corporate finance and business strategy courses at the University of North Dakota. His affiliations include serving as board chair of the Federal Home Loan Bank in Des Moines, Iowa; a directorship on the board of UND’s Center for Innovation Foundation; and membership on the Altru Health Services Corporate Advisory Board.

Mr. Newman was awarded the 2007 Henry Havig Award, Grand Forks’ highest community service honor. In 2017 he received the Sioux Award from the University of North Dakota Alumni Association honoring his achievement, service, and loyalty. Mr. Newman earned BS in Business Administration and his MBA from the University of North Dakota; he is also a Certified Financial Planner.