Burgum appoints Kruse to lead North Dakota Department of Financial Institutions

Monday, October 23, 2017 - 11:00am

North Dakota Gov. Doug Burgum today appointed Lise Kruse to lead the state Department of Financial Institutions, where she has served as chief examiner of banks since January 2011. The department oversees North Dakota’s state-chartered banks and credit unions as well as other financial companies. Kruse replaces Commissioner Robert Entringer, who in May announced he will retire Nov. 30.

As chief examiner of banks, Kruse oversees the department’s 16 bank examiners and the examination process. She was originally hired by the department as a financial institutions examiner in June 2004. Prior to that, she worked as a competitor research specialist with Clarica Life Insurance Co. in Fargo for about seven years.

“With her strong management and analytical skills, Lise Kruse has played an essential role in the Department of Financial Institutions providing consistent regulation and sound oversight of our state-chartered banks,” Burgum said. “Her background in information technology will serve our citizens well as financial institutions continue to evolve and adapt to the 21st century economy.”

A native of Elverum, Norway and a North Dakota resident since 1997, Kruse earned a bachelor’s degree in business and organizational communication in 1996 from Concordia College in Moorhead, Minn., and a masters of business administration degree with an emphasis in information technology in 2003 from the University of Colorado at Colorado Springs. She graduated from the Colorado Graduate School of Banking in Boulder in 2012 and has served as chair of the Conference State Bank Supervisors’ Risk Identification Team.

“I am humbled and honored by the opportunity to serve on Governor Burgum’s team,” Kruse said. “I’m grateful for the privilege to lead the Department of Financial Institutions and continue its important mission of ensuring the safety and soundness of our financial institutions.”

Burgum also expressed his gratitude to Entringer for his 35 years with the Department of Financial Institutions. Entringer was appointed commissioner in January 2011 by then-Gov. Jack Dalrymple and was reappointed by Burgum last December.  This appointment requires confirmation by the North Dakota Senate.