Non-traditional leadership

Minnesota bank president turns innovation into reality

Nichol Beckstrand has taken a less-than-traditional route to the president’s office at Sunrise Banks, St. Paul, Minn. She hasn’t ever been a lender. Yet, she was just what Sunrise needed in a leader as it looked to expand its products and diversify its revenue away from traditional products like commercial loans.

Since Beckstrand became COO of Sunrise Banks’ in 2006, the bank has started a national prepaid card payments division, created gift card partnerships with major retailers, and launched innovative consumer lending products. With Beckstrand now leading . . .

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