Alerus Financial Corporation (NASDAQ:ALRS) Q4 2022 Earnings Conference Call January 26, 2023 12:00 PM ET
Company Participants
Katie Lorenson - President, Chief Executive Officer
Alan Villalon - Chief Financial Officer
Karin Taylor - Chief Risk Officer
Jim Collins - Chief Banking and Revenue Officer
Karen Bohn - Independent Director
Conference Call Participants
Jeff Rulis - D.A. Davidson
Nathan Race - Piper Sandler
Eric Grubelich - Private Investor
Ben Gerlinger - Hovde Group
Operator
Good morning or good afternoon, everyone and welcome to the Alerus Financial Corporation Earnings Conference Call.
All participants will be in listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.
This call may include forward-looking statements and the company’s actual results may differ materially from those indicated in any forward-looking statements. Important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are listed in the earnings release and the company’s SEC filings.
I would now like to turn the conference over to Alerus Financial Corporation, President and CEO, Katie Lorenson. Please go ahead.
Katie Lorenson
Thank you, Emily and thank you, everyone for joining our call this morning. 2022 was the year of significant transitions in our company as I moved into my current role and spent a better part of the year building the executive leadership team, including our new Chief Financial Officer, Al Villalon, who joined me on the call today along with Karin Taylor, our Chief Risk Officer.
In June we recruited a new chief banking and revenue officer who is also here with me today in the Twin Cities and in July we promoted from within two long tenured employees to round out the new executive team of Alerus. I am so proud of the professionals across the company who I get to work with every day as we take Alerus to new heights.
Recruiting and retaining talent beyond the executive leadership team is a key strategic initiative we remain committed to as we build our commercial, treasury and private banking franchise to support our historical strong client growth, scale and brand, we have already established in our wealth management, retirement and mortgage division.
On Monday, we announced another win on the talent side with the addition of three high-performing commercial bankers to the Alerus team. And this week, we also welcomed our new Head of Treasury Management and deposit strategy to our company. Consistent with the rest of the industry, 2022 was full of unpredictable and unprecedented headwinds to our company.