Summer Events

Our staff invites you to join them at these great events throughout the Summer. Be sure to follow us on our Facebook page for information on these events or pictures from other events you may have missed.

June 4 – Merchants Bank Night at Spring Grove Music in the Park, 6:30 p.m., Spring Grove.

June 6 – Caledonia Dairy Days Celebration, 12-4:00 p.m., Houston County 4-H will serve treats in the lobby at Merchants Bank in Caledonia.

June 7 - Apple Valley Christian Elder Bike Ride. Welcome Home celebration begins at 10:00 a.m. at Merchants Bank in Apple Valley.

June 8 – Trinona triathlon, Winona.

June 12 – Cannon Falls Dairy Days Celebration, 11 a.m.-2:00 p.m., Goodhue County Dairy Royalty will serve treats in the lobby at Merchants Bank in Cannon Falls.

June 12 – Red Wing Dairy Days Celebration, 12-3:00 p.m., Goodhue County Dairy Royalty will serve treats in the lobby at Merchants Bank in Red Wing.

June 13 – Hampton Dairy Days Celebration.

June 13 – Winona Steamboat Days Kiddie Parade, 10:00 a.m., Lake Park Band Shell, Winona.

June 13 – Spring Grove Dairy Days Celebration, 12-4:00 p.m., Syttende Mai Royalty will serve treats in the lobby at Merchants Bank in Spring Grove.

June 13 – St. Charles Dairy Days Celebration, 11 a.m.-3:00 p.m., Winona County ADA and Dairy Royalty will serve treats from the Little Red Barn.

June 15 – Winona Steamboat Days Grand Parade, 12:31 p.m., located on Broadway in Winona.

June 15 – Happy Father’s Day!

June 21 – Cottage Grove Strawberry Fest Parade, 10:30 a.m., located at the corner of 80th and Jamaica Streets.

June 27 – Merchants Bank Night at Cannon Falls Bears Game, 7:30 p.m., 100 North 7th Street in Cannon Falls. Merchants Bank will provide free tickets to the game and enter for a chance to win a pair Twins tickets.

June 28 – Lewiston Heartland Days Parade, 6:30 p.m., located on Main Street in Lewiston.

June 21 – Cottage Grove Strawberry Fest Parade, 10:30 a.m. located at the corner of 80th and Jamaica Streets.

June 27 – Merchants Bank Night at Cannon Falls Bears Game, 7:30 p.m., 100 North 7th Street in Cannon Falls. Merchants Bank will provide free tickets to the game and enter for a chance to win a pair Twins tickets.

June 28 – Lewiston Heartland Days Parade, 6:30 p.m. located on Main Street in Lewiston.

 

Surcharge Free ATM Options

SurchargeFreeATMsLooking to use your Merchants Bank Debit card free of charge to obtain cash or check account balances? Try these:

  • Merchants Bank owned ATMs
  • Fee Free cash at any one of more than 400 Kwik Trip or Kwik Star locations in Minnesota, Wisconsin or Iowa.
  • MoneyPass ATMS where you won’t be assessed a surcharge fee by the bank at MoneyPass ATMs. A foreign surcharge fee may still apply. You can find a MoneyPass location, or access locations through an iPhone or Android app, by starting here.

Plus, remember you can also get cash back when using your Merchants Bank Debit Card at most point of sale locations

Randy Domeyer Promoted

Randy Domeyer

Randy Domeyer

Randy Domeyer will succeed Dave Grewe as Manager for the Business Banking Department in Winona and as Senior Lending Officer for the Winona Region, according to Merchants Bank President & Chief Banking Officer Greg Evans.

“We are extremely fortunate to have someone with Randy’s experience poised to carry on the commitment to excellence that Dave has demonstrated in that capacity for the past several years,” Evans said.

Domeyer joined Merchants in 2008, returning to Winona. Domeyer spent the first 20 years of his banking career with Norwest Bank and then Wells Fargo. He left in 2000 to become the President of Wells Fargo in Blue Earth and later transferred to become Wells Fargo’s Business Banking Manager in Faribault.  From 2005-2008, Domeyer was Chief Credit Officer for Roundbank in Waseca.

Grewe has led the Business Banking Department for the past five years. He has been with Merchants two times, first from the mid-1970s to the mid-1980s, and then again beginning in 2002. He has also worked in the La Crosse market with First Bank and State Bank.

Both Domeyer and Grewe have been exceptionally active in community activities. Domeyer is actively involved in the Winona Rotary Club, Winona County Chapter for the American Red Cross, and the Winona Area Chamber of Commerce Economic Development Committee. Grewe has been a member of the Winona Chamber of Commerce, a Chamber Ambassador, a long-time member of the Winona Jaycees, and a past Winter Carnival Chairman. He has been very involved in Steamboat Days, serving as President in 2006. Currently he is president of Westfield Golf Club and serves on both the Latsch Board and CEDA (Community Economic Development Association) Board.

Grewe, who will retire June 30, has already started transitioning his management responsibilities for oversight of the lending functions to Domeyer. Grewe will also work with members of the business banking team in Winona to make sure the needs of all customers are met.

Beacon House Gets New Phone System

ECPhoneDonation2 copyWhen Merchants Bank acquired the former Alliance Bank location in Eau Claire on February 14, it meant a new phone system for the bank that matched what Merchants had in place at all of its locations. That was good fortune for Beacon House, part of the Eau Claire Interfaith Hospitality Network. Merchants Bank – Eau Claire President Mark Willer worked with Kelly Christianson, Executive Director of Eau Claire Interfaith Hospitality Network, and Pam Kozuch, owner of Telephone Systems Incorporated (TSI), to make sure the phones and components were installed at Beacon House. Merchants supplied the previously used components and TSI provided the installation. Beacon House serves families and pregnant women who are temporarily homeless or at risk of homelessness.

Deb Kemp Promoted

Deb Kemp

Deb Kemp

Deb Kemp has been promoted to Assistant Vice President/Credit Card Manager at Merchants Bank, according to Sue Hovell, Senior Vice President/ Director of Sales and Marketing.

Kemp oversees Merchants Bank’s successful credit card and merchant processing area, which has grown substantially under her leadership, including about 10 percent per year over the past four years. Most recently, Kemp’s area doubled the amount of balance transfers acquired during its most recent balance transfer campaign. Additionally, the merchant processing part of her department, which helps businesses process credit card transactions, has grown significantly.

“The work Deb and her department have accomplished over the past few years has been significant in helping Merchants grow across all of our locations,” Hovell said. “She works with many employees across our organization, and I join them in congratulating her.”

Kemp has been with Merchants since 1992 and has been a part of the credit card department since 2001.

Net Income Ahead of Plan

Rod Nelson

Rod Nelson

Merchants Financial Group, Inc., reported income of $2,797,997, more than $300,000 ahead of plan, for the first quarter of 2014, according to MFGI President & CEO Rod Nelson.

As a result of the positive performance, the MFGI Board of Directors approved a semiannual dividend of 45 cents per share to be paid to shareholders. The dividend is the same as the amount paid in December of last year.

“We continue to see excellent work across our locations by our business bankers as they increase our loan portfolio. Our staff continues to work smarter. We are looking closely at ways to maintain our margins, and we are diligent about keeping our expenses in check,” Nelson said. “With increased regulation, 2014 is a year that will be full of change for the banking industry. We are more than up to that challenge, and I do anticipate another strong year.”

Merchants’ numbers were behind last year’s first quarter numbers of $3,209,760 because of decreased mortgage income. Nelson said the decrease in mortgage activity is something that is consistent throughout the banking industry and was anticipated by Merchants when putting together its plan for 2014. Total income for 2013 was $11,612,049.