Jen Severson has been promoted to serve as the company’s president, and Jim Amundsen was hired as CEO.
Severson has more than 23 years of community banking experience, including four as the company’s CFO. Before joining the company, Jen served as CFO/COO for Stonebridge Bank, Minneapolis, supporting it through its acquisition by American National Bank, Omaha, Nebraska, where she continued to serve as senior vice president, senior director of Minnesota credit strategy. She also has experience with client service, credit and commercial real estate lending.
Amundsen most recently served as president & CEO of BankIn Minnesota, the state’s Independent Community Bankers of America affiliate. Before that, Jim spent 25 years as a community banker himself, including serving as the founding CEO of First Advantage Bank, Minneapolis. He guided the bank through the startup phase, the Great Recession, recovery and, ultimately, a merger with Border Bank, Fargo, North Dakota, in 2015.
Scott King-Ellison also joined the company as director of asset liability management strategy. He has more than 15 years of experience working with financial institutions in ALM, interest rate risk management and fixed income portfolio. King-Ellison earned a bachelor’s degree from the University of Minnesota-Duluth, holds FINRA Series 7, 63 and 65 licenses and is a certified blockchain expert.
