Please join the Northland Foundation in welcoming Michael Colclough as the new Director of Business Finance. Michael will succeed John Elden, who retires at the end of July after 24 years spent leading the Program.
Michael has 17 years of experience working in business banking in northeastern Minnesota and Superior, Wisconsin, most recently as the Market President of BMO Harris Bank in Duluth. He received a Bachelor of Arts Degree in Politics, Philosophy and Economics from Oxford University, United Kingdom, and Masters' Degrees in both Business Administration and Management from The College of St. Scholastica.
Michael serves on the Loan and Program Committee of the Duluth Local Initiatives Support Corporation (LISC) and the Board of St. Mary's Medical Center/St. Mary's Hospital of Superior. Past board service includes the Duluth Area Chamber of Commerce, Superior Business Improvement District, and Northern Communities Land Trust. He is also a member of the National Association of Financial Professionals and the National Risk Management Association and has served on the Northland Foundation's Technical Advisory Committee.
For his first few weeks on the job, Michael will work with John Elden and our Senior Loan Officer, Kurt Johnson, to get a firm grounding in the Program. He will also spend time connecting with partners throughout the region in the months to come. We are pleased to have Michael on our team and are confident he will be an excellent resource to northeastern Minnesota.