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Welcome to Merchants

Merchants Financial Group, Inc. is the holding company for Merchants Bank, NA. Founded in 1875 and headquartered in Winona, MN, Merchants is a full-service community bank with:

  • Total assets of more than $2.82 billion, making us one of the largest independent financial organizations in our region.
  • 20+ locations in Minnesota and Wisconsin and an equipment finance division.
  • A strong retail mortgage and correspondent mortgage banking network partnering with more than 100 correspondent bank locations throughout ND, SD, MN, IA and WI, servicing more than $2.65 billion in mortgage loans.
  • Local ownership by our employees through our Employee Stock Ownership Plan and approximately 760 individuals and families mostly from communities we serve.
  • A history of strong regulatory capital and consistent dividend payments.

If you have questions or would like more information about Merchants Financial Group, please contact us by calling (507) 457-1135 or sending us an email.


Financial & Shareholders Resources

Merchants Financial Group Board of Directors

Richard Lommen, Jr. Headshot

Richard Lommen, Jr.

Chair of the Board

President & Owner, Courtesy Corporation

Ann Merchlewitz Headshot

Ann Merchlewitz

Vice Chair of the Board

Senior Vice President & General Counsel, St. Mary's University of Minnesota

Scott Biesanz Headshot

Scott Biesanz

Chairman of the Board, Goodson Tools & Supplies for Engine Building

Michael Cichanowski Headshot

Michael Cichanowski

Chief Executive Officer, Wenonah Canoe, Inc.

Greg Evans Headshot

Greg Evans

President & Chief Executive Officer, Merchants Financial Group, Inc. and Merchants Bank, NA

John Killen Headshot

John Killen

Senior Vice President. Hardgoods & President, WinCraft a Fanatics brand

Brad Peterson Headshot

Brad Peterson

Chairman, Mississippi Welders Supply Co., Inc.

Bruce Ryan Headshot

Bruce Ryan

President, Ryan Windows & Siding, Inc.

James Trenda, CPA Headshot

James Trenda, CPA

President, CP Advisors, LLC

Merchants Bank Charter Board of Directors

Richard Lommen, Jr.

Chair of the Board

President & Owner, Courtesy Corporation

Ann Merchlewitz

Vice Chair of the Board

Senior Vice President & General Counsel, St. Mary's University of Minnesota

Michael Cichanowski

Chief Executive Officer, Wenonah Canoe, Inc.

Greg Evans

President & Chief Executive Officer

Richard Falck

Owner, Falck Financial Services & President, RJF, Inc.

John Killen

Senior Vice President. Hardgoods & President, WinCraft a Fanatics brand

Timothy Murphy

Partner, Murphy Law Office, PLLP

Brad Peterson

Chairman, Mississippi Welders Supply Co., Inc.

Bruce Ryan

President, Ryan Windows & Siding, Inc.

Jennifer Sawyer

Founder & Partner, Rebound Partners & CEO/President, boardBOS

James Trenda, CPA

President, CP Advisors, LLC

Cannon Falls, Hampton and Red Wing Advisory Board

John Althoff

Retired Owner, Althoff Hardware Mayor of Cannon Falls

Leslie Anderson

Farmer & Real Estate Broker, Anderson Realty, LLC

Richard Peterson

Owner, Peterson Turkey Hatchery, Inc.

Mark Poss

Chief Executive Officer, Red Wing Publishing

Gary Schmidgall

Estimator Extraordinaire, Oldcastle Infrastructure

Brenda Stelter

Owner, Anchor Promotions, Apparel & Signage

Rochester Advisory Board

John Beatty

Attorney, Dunlap & Seeger, PA

Aaron Benike

President, Benike Construction

Joselyn Raymundo

Founder/CEO, Rochester Home Infusion (RHI)

James Rogers, III

Chief Business Development Officer, Mayo Clinic

Bruce Ryan

President, Ryan Windows & Siding, Inc.

Caledonia, Lanesboro, Rushford and Spring Grove Advisory Board

John Diersen

Owner & Farmer, Minnigan Hills Farm

Timothy Murphy

Partner, Murphy Law Office, PLLP

Joel Nelson

Owner, Lanesboro Sales Commission & Decorah Sales Commission

Curtis Roverud

Retired President, Roverud Construction, Inc.

La Crescent and Onalaska Advisory Board

Dean Ashbacher

President & Chief Executive Officer, Truss Specialists, Inc.

Michael Cunningham

Partner, La Crescent Property Ventures, LLC & Former CEO/Owner, The Board Store Furniture & Home Improvements

Robert Heth, Jr.

Retired President, Heth Hardware, Inc. & Managing Partner, JRLLC Properties

Stephen Loehr

Vice President of Operations Support, Kwik Trip, Inc.

Richard Lommen, Jr.

President & Owner, Courtesy Corporation

Northfield Advisory Board

Cheryl Buck

Director-Business Development Professional Risk Managers' International Association

Matt Christensen

Commercial Risk Advisor/Sales Manager, WA Group

Richard Falck

Owner, Falck Financial Services & President, RJF, Inc.

Chris Kennelly

President, Northfield Construction Company, Bluewater Properties, G&H Management

Jennifer Sawyer

Founder & Partner, Rebound Partners & CEO/President, boardBOS

Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount Advisory Board

James Emond, Sr.

Realtor & Broker, RE/MAX Advantage Plus

Peggy Johnson

Community Relations Director, Dakota Electric Association

James Trenda, CPA

President, CP Advisors, LLC

Richard Welshons

President, DCA Title

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