Grand Forks, N.D.-based Alerus Financial Corp. named Karin Taylor executive vice president and chief risk officer.

Taylor's appointment will take effect Nov. 12. She will succeed Dan Cheever, who currently serves as the company's chief risk officer. Cheever will stay on with the company as executive vice president and a member of Alerus Financial's senior executive leadership team through the end of this year.

Taylor most recently served as chief risk officer at MidWestOne Bank.