Peterson is a native of Fergus Falls, where she graduated from Fergus Falls High School.
Peterson earned a Master’s of Business Administration-Accounting from the University of Phoenix in Arizona and a Bachelor’s of Science Degree in Mortuary Science from the University of Minnesota in Minneapolis. She completed the National School for Experienced Ag Lenders at Black Hills State University in Spearfish, South Dakota.
Peterson has seven years of commercial and retail credit experience in banking in Fargo, North Dakota and Phoenix, Arizona. She has also worked as a Chief Financial Officer in Phoenix and as a Finance Manager in Minneapolis.
Peterson is a member of the American Legion and the Veterans of Foreign Wars and has done volunteer work with the United Way.