Jason Monfre Joins Merchants Bank in Rochester as a Mortgage Lender


Jason Monfre has joined Merchants Bank as a mortgage lender, according to Merchants Bank in Rochester President John Doyle.

“Jason’s ability to connect with people and understanding of the mortgage industry will allow him to guide customers to a mortgage that is the right fit for their needs,” Doyle said. “He will be an asset to our organization because our customers will benefit from what he can offer to them.”

With more than 10 years of experience in the mortgage industry in Wisconsin, Nebraska and Minnesota, Monfre said he’s excited to help Rochester area residents with their mortgage needs.

“I couldn’t be happier to be in this position at Merchants Bank, where I can develop strong and lasting relationships and, at the same time, provide customers with a top of the line product that meets their housing and borrowing goals,” Monfre said.

Monfre has a long history of volunteering in the community, especially in mentoring young people in recovery from drug and alcohol addictions, and in coaching youth baseball. Monfre has bachelor’s degrees in both Psychology and Economics from the University of Minnesota. He played Division I baseball at Indiana University and the University of Minnesota.

Strong Performance Continued in 2014

BlogLinkImage-RodNelsonMerchants Financial Group, Inc. (MFGI) continued its history of strong performance with $12,349,685 in net income in 2014, according to Merchants Financial Group, Inc. President & CEO Rodney R. Nelson.

It is MFGI’s second highest year in terms of performance, less than $100,000 behind the record year of 2012, when net income was $12,439,492. MFGI has a history of consistent performance. In 2013, MFGI reported net income of $11,612,049.

“Our performance results from the team effort of our talented staff across all of our locations,” Nelson said. “We are pleased with our earnings, which were more than 15 percent over our plan, and we also anticipate continued growth.”

One of the key drivers in the 2014 performance was continued commercial loan growth, which was up 13.97% over 2013. Credit quality was again very strong. Total loan balances increased to $1,107.0 billion, up from $972.3 million in 2013. Total deposits increased to $1,207.0 billion, up from 1,128.8 billion in 2013. Total equity increased to $131.1 million, up from $116.0 million in 2013. The asset size of the Merchants organization also increased to $1,522.6 billion, up from $1,366.0 billion in 2013.

“We are pleased to share these numbers with our shareholders and customers. The numbers show we are well-positioned for continued success,” Nelson said. “We are especially proud of the long-term relationships our employees have built with our customers, helping those customers reach their business and personal financial goals.”

New Staff Here to Help You

Merchants Bank Staff

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

Chad Anderson has joined Merchants Bank as a Business Banker in Winona. Chad has over 14 years of experience in the banking industry and previously worked at Winona National Bank as a Business Banking Officer. He graduated from Winona State University in 2000 with a Bachelor of Science in Finance degree. Chad and his wife, Emily have a 18 month old daughter and reside in Trempealeau. Chad enjoys hunting, fishing, boating, curling and golf.

Alyssa Connolly has joined Merchants Bank as a Teller in Hastings. Alyssa also currently works at the American Legion as a server and was previously at Dominos as the Assistant Manager. Alyssa loves spending time with her beautiful two year old girl.

Holley Fenton has joined Merchants Bank as a Teller in Hastings. Holley previously worked at Crazy 8 as an Assistant Manager and at Treasure Island as a Front Desk Clerk. Holley has four children, a daughter-in-law and one grandson. She also has two horses, two dogs and a cat that they rescued when they lived in Kentucky.

Mary Heise has joined Merchants Bank as a Lead Teller in Rochester. She previously worked at Olmsted National Bank as a Lead Teller and at Sterling State Bank as a Teller. Mary is originally from the area and grew up in Pine Island. She enjoys playing music and spending time outdoors with her pets.

Kevin Finke has joined Merchants Bank as a Business Banker in Winona. Kevin previously worked at Fidelity National Bank as the Vice President of Commercial Lending. He is originally from Maple Lake, MN and graduated from Winona State University with a Bachelor’s degree is Business Administration and an Associates degree in Business Management. Kevin and his wife, April welcomed their first child in July of 2014. He is an avid bow hunter and also enjoys fishing, golf, and spending time with family and friends.

Kim O’Reilly has joined Merchants Bank as a Business Banker in Cannon Falls and Red Wing. Kim previously worked at Associated Bank as a Commercial Relationship Manager and at US Bank as a Commercial Banking Relationship Manager. Kim and her husband, Casey have three boys, Carsyn, Cayden and Jack. Kim and Casey both grew up on a dairy farm and now they own and operate O’Reilly Organic Dairy together. Kim is involved in many volunteer activities, including serving on the United Way Board, being a Red Wing Chamber Ambassador and a Sunday School Teacher.

Jennifer Verrkamp has joined Merchants Bank as a Teller in St. Charles. She previously worked at Endless Journey Child Care as a Teacher’s Assistant and at First National Bank of Bagley as a Teller. Jen grew up in St. Charles, has two sisters and is a twin. She likes to help out on her grandparents’ farm and is planning to have her first garden this spring.


Kim O’Reilly Joins Merchants Bank as Vice President and Commercial Lender


Kim O’Reilly has joined the Merchants Bank team as a Vice President and Commercial Lender, according to Brian Hokanson, Senior Vice President and Senior Lender for the Cannon Falls region.

A well-known banker through the region, O’Reilly will be working with customers throughout the area and will have offices in both Cannon Falls and Red Wing.

“What makes Kim an exceptional banker is her desire to understand the goals of her customers and then put together a solution that helps the customer realize those goals,” Hokanson said. “She does that for the smallest companies to the biggest with an equal amount of energy and knowledge.”

O’Reilly has been in banking for 19 years, including the past 11 at Associated Bank in Red Wing. She said she’s looking forward to being a part of the Merchants Bank team.

“Merchants has an excellent reputation because it’s committed to its customers.” O’Reilly said. “That’s important to me.  I am committed to my family, our farm, our church and our community, and my customers know that I deliver that same level of commitment to everything I do for them.”

O’Reilly lives in the Red Wing area, where she, her husband, Casey, and their three sons operate an organic dairy farm with 200 head of livestock. She is active in the community as a Red Wing Chamber Ambassador, a member of the United Way of Goodhue, Wabasha and Pierce Counties Board of Directors, and she also teaches Sunday School at the Eidsvold Lutheran Church. She has an undergraduate degree from the University of Wisconsin-River Falls and a Masters’ in Business Administration from the University of St. Thomas.

Contact Kim today: kjoreilly@merchantsbank.com or 507-263-7561.

New Staff Here to Help You

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.
Kelsey Banicki has joined Merchants Bank as a Peak Time Teller in Winona. Kelsey previously worked at Fastenal in Scanning Support as well as WinCraft and Reds IGA. Kelsey is excited to be part of Merchants.
Dawn Buck has joined Merchants Bank as a Part-Time Teller in St. Charles. Dawn and her husband, Daryl, have three teenage boys who all love to bow hunt. They reside in rural St. Charles and have acreage to support wildlife and hunting. She enjoys cooking and hosting family events.
Veronica Colletti has joined Merchants Bank as a Part Time Teller in Winona. Veronica is a graduate of Winona State University with a Political Science major. She is excited to be able to now serve the community that has become her home with her new position.
Amy Engrav has joined Merchants Banks as a Teller in Winona. Amy previously worked at Perkins as the General Manager. She enjoys family time with her husband of 16 years, Eric, and their sons Graham and Ian. Amy loves to run and just completed one 5k every month in 2014.
Jorge Espinoza has joined Merchants Bank as a Part-Time Teller in Lakeville. Jorge previously worked at Office Max as a Sales Consultant and at Panera Bread as a Cook. Jorge is excited to be working at Merchants and is looking forward to getting to know everyone.
Julie Pearson has joined Merchants Bank as Correspondent Mortgage Account Executive. Julie previously worked at The State Bank of Richmond as a Loan Officer and at Security State Bank of Aitkin as a Real Estate Loan Officer. Julie and her husband, Paul, have four wonderful children and two grandchildren. She enjoys quilting and started a non-profit chapter in 2013 called “Just Because Quilting”. Julie and her husband love traveling, camping, dining out and getting out and meeting people.
Emily Werber has joined Merchants Bank as a Teller in Rochester. Emily previously worked at Kohl’s as a Customer Service Associate and in the cash office for the past 10 years. Emily is married and has a nine year old daughter. They also have three cats. Her family enjoys gardening in the Spring and Fall.

Important Changes to Your Online Banking Account


Merchants will be upgrading our Online Banking service on March 1, 2015 and we want you to be aware of a few key of changes and enhancements:

  • Your Online Banking home page will have increased functionality, such as making transfers between accounts or viewing recent transaction history.
  • You will have the ability for more customization through alerts and preference settings.
  • The location of the Logout button will move from the green menu to a smaller menu on the right side of the page. Please take note of this to ensure you securely sign out of your Online Banking account in the future.

More specifics regarding the Online Banking upgrade can be found on our website.

If you have questions regarding Online Banking, please contact our Electronic Banking department at 800-944-6285. Click here to enroll in Online Banking now.


Kevin Finke Joins Merchants Bank as an Assistant Vice President and Business Banker


Kevin Finke has joined the Merchants Bank team as an Assistant Vice President and Business Banker, according to Randy Domeyer, Senior Vice President and Business Banking Department Manager.

“Kevin’s knowledge and energy will be a definite benefit to those people looking to build their business through working with Merchants Bank,” Domeyer said. “Kevin has taken on a great deal of responsibility helping businesses succeed in the markets he has served, and we know he will continue to build relationships here in our area.”

Before joining Merchants Bank, Finke worked as a business lender in both Wisconsin and Minnesota. He has a Business Administration degree from Winona State University.

“Merchants Bank has the reputation as a business banking leader. I look forward to enhancing that reputation as I help businesses reach their goals” Finke said. “My wife and I also look forward to returning to the Winona area. It is the place where we belong.”

Contact Kevin for your business banking needs today: kjfinke@merchantsbank.com.