Early in her banking career, Ruth Peterson learned that she particularly enjoyed working with small-business clients. At Minneapolis-based Union Bank, she has ample opportunities to serve that market. In 2015, she was tapped to lead the full-service community bank’s banking group. Three years later, she became the first woman in the bank’s history to serve on its board.
In 2020, Peterson provided financially stressed clients with clear application guidance for Small Business Administration loans and PPP. She also helped those clients determine how to best make use of PPP funds in order to qualify for loan forgiveness.