Alerus names senior vice president, mortgage director

Grand Forks, N.D.-based Alerus hired Paul Schuster as senior vice president and director of mortgage.

Schuster, based in the $3.7 billion bank’s Minnetonka, Minn., office, is a seasoned mortgage lender with more than 30 years of experience in both independent and bank settings. Prior to joining Alerus, he served as the divisional vice president of Luminate Home Loans.

Schuster received the lifetime achievement award from the Minnesota Mortgage Association in 2021. He has a bachelor’s degree from Minnesota-based St. Cloud State University.