Mortgage Operations Leader Completes Advanced Degree

WINONA, Minn. – Robert Dougherty, Vice President of Mortgage Operations at Merchants Bank, has completed his MBA at Concordia University in St. Paul.

Dougherty leads the mortgage operations area at Merchants Bank, which supports and processes mortgage loans for Merchants’ 18 locations, as well as 210 other community banks and credit unions across five states that make up the correspondent mortgage banking network that Merchants Bank serves.

“I think that through the MBA experience I better developed the ability to understand issues and opportunities holistically through areas of expertise like risk assessment, cost-benefit analysis and strategic planning,” said Dougherty, who has supervisory responsibilities for nearly 50 employees. “That should benefit my co-workers, and, in turn, our customers.”

Dougherty has been with the Merchants organization for two years and has nearly two decades of mortgage experience.

Merchants Bank’s Jeff Carter Graduates from Graduate School of Banking in Colorado

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Jeff Carter

BOULDER, COLO. – Jeff Carter, Vice President and Business Banker at Merchants Bank in Cottage Grove, recently graduated from the Graduate School of Banking at Colorado (GSBC), a 25-month banking school which provides senior management and leadership education for community-banking professionals. Carter was among 164 graduates of the 63rd Annual School Session, hosted July 14-26 on the campus of the University of Colorado in Boulder, Colo.

GSBC students are recognized by their bank’s executive team as rising stars in their organizations, and as graduates, often continue to become leaders in their respective organizations.

“Completing the coursework and projects associated with the Graduate School of Banking at Colorado is a great accomplishment for community bankers around the country,” said GSBC President Tim Koch.

Graduates receive a diploma upon successfully completing six weeks of classroom training which focuses on the areas of general management, lending, leadership and human-resource management and financial management. Requirements for graduation also include comprehensive examinations, intercessions research projects and participation in a bank-management simulation course designed to provide the student with experience managing a bank.