Chad Anderson has joined the team at Merchants Bank as Vice President and Business Banker, according to Randy Domeyer, Senior Vice President and Business Banking Department Manager.
“We are excited Chad has decided to join our team,” Domeyer said. “He’s an experienced and knowledgeable banker who is well known and has strong relationships in our market. We are sure he will enhance what we have to offer business customers throughout the area.”
Before joining Merchants Bank, Anderson had been employed at Winona National Bank the past 12 years as a business banker. He has experience in all areas of business lending, including commercial, residential, real estate, equipment loans and SBA (Small Business Administration) lending.
“This is a good opportunity for me to build and enhance relationships in the area business community as a member of the Merchants Bank team,” Anderson said. “I look forward to contributing to the growth of the bank and representing Merchants in the community.”
Anderson is a native of the area and is active in community organizations, including currently serving on the boards of the Winona ORC and the Winona Area Chamber of Commerce.
Contact Chad for your business banking needs today: 507-457-1196 or email@example.com.
In 2014, some of the routing numbers at Merchants Bank changed to ensure consistency between branches in case you use more than one location. You may need to take action to ensure that the correct routing number (also known as an ABA number) will be used for any annual online transactions associated with your bank account.If you use your bank account for any of the following online, please update the routing number for Merchants Bank to 091900193:
- Filing or paying tax returns
- Requesting tax refunds
- Annual subscriptions or memberships
If you have questions regarding the routing number change, please contact a Customer Service Representative at your local Merchants Bank.
At Merchants Bank, we are happy to welcome new employees and celebrate new positions filled by current staff. These frontline employees are all looking forward to serving you. Take a moment to congratulate them.
Barb Johnson has joined Merchants Bank as a Lead Teller in St. Charles. Barb was previously the owner of Potiche Pottery and Gifts in Lanesboro and has also worked at North Castle Graphics and Mestads Bridal. She is married with three children and has lived in St. Charles for 16 years. She enjoyed studying in England.
Leanne Reich has joined Merchants Bank as a Customer Service Representative in Red Wing. Leanne previously worked at Home State Bank in Willmar, MN as a Teller/Customer Service Representative. Leanne and her husband, Dan recently moved to the Lake City area from Hutchinson, MN. They have three sons, David, Nathan and Jacob. Leanne and Dan are excited to be living in this area of the state and are enjoying the beautiful scenery.
Robert Root has joined the Merchants Bank as VP/Network, Datacenter and PC Services in the Information Technology department in Winona. Bob previously worked at Eastwood Bank as an Information Officer and Project Management Officer. He is an avid fisherman and golfer. He lives in Stewartville, MN with his wife and two college age kids.
Ashley Wagner has joined Merchants Bank as an Electronic Banking Representative in Winona. Ashley has a Bachelor of Arts degree in Advertising from Winona State University and a Certificate in Baking & Pastry from the International Culinary School at the Art Institute. She formerly worked at Mon Petit Cupcake, LLC and Mugby Junction. She loves to spend time with her friends and family.
The economy continues to improve. One indicator we look at in banking is the increase in our lending portfolio.
Our lending portfolio continues to grow at Merchants Bank.
- Overall our lending portfolio has increased 15.7% through the first three quarter of 2014 compared to the first three quarters of 2013, where we had a very strong year compared to many other financial institutions.
- Commercial lending increased 16.3% across all of our locations.
- Ag lending has increased 12.9% and SBA lending has increased 16.3%.
The increase shows our expertise in and commitment to growing these important segments to help make the places we live better.
Contact a Business Banker today to learn more about business financing and leasing options at Merchants Bank. Subject to credit approval.
Two area students will each have a chance to win a $100 Merchants Bank Visa Gift Card by making a half-court shot at half-time of the St. Charles boy’s basketball game against Rushford-Peterson on Friday, January 16.
Students will be able to register up until half-time of the game and then will be chosen randomly to take part. To qualify to take the half-court shot, the students will have to make a free-throw and a three-point shot.
“This should be great fun for the students and should also benefit our athletic programs,” said Mark Linderbaum of Merchants Bank in St. Charles.
If a student makes the free throw, three-point shot and the half-court shot, the student will be presented with a certificate to redeem for a Merchants Bank Visa Gift Card. Funds up to $200 not won by the students will be donated to the St. Charles athletic programs.
Julie Pearson has joined Merchants Bank as an Assistant Vice President and a Correspondent Mortgage Account Executive, according to Senior Vice President of Sales and Marketing Sue Hovell.
Pearson will be covering Wisconsin, Iowa and a portion of Minnesota in her new position. Merchants Bank provides mortgage correspondent services for 86 separate financial institutions that include 193 separate locations. Merchants Bank also provides mortgage correspondent services in the remainder of Minnesota, North Dakota, South Dakota and Nebraska.
“Julie’s position is important to our organization and to the financial institutions she will help meet their goals to provide their customers with good rates, timely underwriting and effective servicing,” Hovell said. “One of the great parts of having Julie on board is that she is very familiar with the process.”
Pearson has been working with financial institutions in mortgage lending since 2001. Her career has taken her to two different banks where she sold home loans to the Merchants Bank Correspondent Program.
“We were fortunate enough to work with Merchants Bank on this venture, and I came to know how wonderful a partner they were in providing services,” Pearson said. “I look forward to providing the same level of service to my customers that I received when I was Merchants’ customer.”
Julie can be reached at (507) 494-0540 or firstname.lastname@example.org.
Staggering, sobering, scary. Those are just a few of the words that come to mind when you think about credit card fraud. Think of this, 97 percent of all companies suffer a data breach, according to a story CBS News’ “60 minutes” aired on November 30, 2014. So what can a company do? Most companies are doing all that they can. Still, it takes an average of 229 days from the time of the breach before it is discovered, according to the “60 Minutes” story. When a breach happens, a company tries to detect the breach as soon as it can and stop the bleeding as quickly as possible.
How can your company be protected? It really comes down to the company’s customers. There are a lot of tips that can be used. Here are just a few:
- Keep information private and avoid sharing your information with other individuals.
- Continually monitor accounts, including credit card and account statements.
- Be skeptical. Question if things are what they seem. Hover over links to see where they lead. Verify email requests from companies.
- Create strong passwords that are hard for others to detect and decipher and use passwords to protect your devices. (More information here on making a strong password.)
- Ignore emails from senders you don’t know.