CALEDONIA/SPRING GROVE, Minn. – Caledonia native Matthew Schuldt has been appointed Market President for Merchants Bank in Caledonia and Spring Grove, according to Merchants Bank’s Southern Region President Jay Friedl.
Schuldt served as Interim President of First Community Bank in Lester Prairie, Minn., and also worked in other roles at the bank, including Vice President of Lending, working with consumer, agriculture and commercial lending customers.
“Matt’s experience will serve our Caledonia and Spring Grove customers very well as he helps them find the solution that is best for their individual needs,” Friedl said.
In addition to his experience at First Community Bank, Schuldt also spent eight years working with Eide Bailly, a public accounting and business advisory firm. He also volunteers as a youth wrestling coach.
“I’m excited to be a part of an organization so well thought of by community bankers throughout the state. Certainly, Merchants has the resources that make it possible to finance almost any sort of loan, but the strength of the organization is how it treats each customer like that person is the Bank’s only customer,” Schuldt said.
Schuldt started his new position in Caledonia and Spring Grove on February 24.
Veteran Mortgage Lender Rick Roesch has joined Merchants Bank, according to Merchants Bank’s Eau Claire Market President Mark Willer.
Roesch had most recently been a mortgage lender at Alliance Bank, which was acquired by Merchants Bank February 14.
“We are extremely pleased that Rick will continue providing home loan solutions to Chippewa Valley mortgage customers. We know that he brings a thorough understanding of the mortgage industry to Merchants,” Willer said.
In addition to his seven years as a mortgage lender at Alliance, Roesch has been active in the Chippewa Valley real estate industry since 1978. He has worked as a real estate agent, assessor and appraiser, in addition to his work as a mortgage lender.
“Merchants is appealing to me and should be appealing to customers because it offers a full range of mortgage options. That means that customers can be fitted to the type of loan that is best for them,” Roesch said. “Perhaps most appealing, given my experience in the industry, is the fact that Merchants Bank services its own loans. That makes all the difference in the world when you need someone to talk to.”
Roesch has remained active in the community. He currently serves as an Elder in his church. Most recently he served on the Board of Directors for the Foundation Board of the Realtor Association of Northwest Wisconsin.
EAU CLAIRE, Wis. – Merchants Bank has named long-time Eau Claire financial services leader Mark Willer as Market President for its new Eau Claire location, according to Merchants Financial Group President & CEO Rodney R. Nelson.
“Mark has a deep understanding of the financial needs of consumers and businesses in the Chippewa Valley. His experience in our industry and genuine belief in the importance of community makes him a natural fit for our banking Team,” Nelson said.
Willer has been a part of the Eau Claire community since 1979 and from 1984 until recently had been a key part of the management team at Royal Credit Union, serving as Chief Operating Officer for 15 years.
“Merchants is the perfect fit for me. The values of the organization are the same that are important to me. Merchants believes in enriching the lives of the people who live and work in our community,” Willer said. “I look forward to introducing the Merchants brand to the area.”
Willer has a long history of community involvement and leadership. He is currently President of Downtown Eau Claire, Inc., a member of the local Junior Achievement board, a member of the City of Altoona Finance Committee, a member of the St. Mary’s Parish Endowment Fund Committee, co-chair for Taste of Eau Claire, and a past board member of the Eau Claire Area Chamber of Commerce.
“I look forward in taking the lead as Merchants Bank serves our community,” Willer said.
Merchants Bank has agreed to purchase Alliance Bank’s Mall Drive location, as well as deposits and loans from the Mall Drive location and Alliance’s Pinnacle Way location. All told, Merchants Bank will be acquiring about $48 million in deposits and $17 million in loans. The sale has received regulatory approval and is expected to be completed February 14. Terms of the sale have not been released.
Lance Rud has joined Merchants Bank in Cottage Grove as a mortgage lender, according to Jeff Carter, Vice President at Merchants Bank in Cottage Grove.
“We’re excited to have Lance join our team in Cottage Grove,” Carter said. “His combination of energy and knowledge will benefit customers looking to buy, build or refinance a home.”
Rud has worked with ING, TCF and most recently MidCountry Bank as a business lender and a mortgage lender.
“Merchants Bank is the perfect place to put my experience to work in helping people realize their housing dreams,” Rud said. “I look forward to working in Cottage Grove.
How can Merchants Bank meet your banking needs? We know how, by hiring great employees to help you when you need it. We want you to be satisfied with all of your banking needs, so we’ve hired skilled employees to provide you with the excellent service you deserve. Stop in and get to know our new front-line team members:
Angie Fredrickson joined the Red Wing team as a part-time Teller. Angie currently works at Nash Finch Econo Foods in Cannon Falls as a Cashier. She will be attending Inver Hills Community College in the fall. Angie is very excited to be a part of the Merchants team and can’t wait to meet everyone.
Austin Gelhar joined the Apple Valley location as a part-time Teller. Austin previously worked at Green Mill as a Host and at Emerald Greens in maintenance. Austin loves sports and enjoys participating in ultimate frisbee.
Abby Hanson started as a Customer Service Representative in Winona. Abby has been with Merchants Bank as an Electronic Banking Representative since 2010. Previous to this, she worked at the Associated Bank Operations Center as a Customer Care Representative. Abby is happy that she gets to continue to help the wonderful customers at Merchants Bank.
Shonna Pellowski started an Electronic Banking Representative in Winona. Shonna previously worked as a Customer Sales and Service Representative/Banker at Wells Fargo and Retail Desk Specialist at Watkins. Shonna enjoys art and has a dog named Jorge. She is excited to start at Merchants Bank so that she can get to know our wonderful customers!
COTTAGE GROVE, Minn. – Jeff Carter has joined the team at Merchants Bank’s Cottage Grove location as a Vice President and Business Banker. He will lead the team in Cottage Grove, according to Twin Cities Regional President Lawrence Stovern.
“Jeff’s experience and ability will be a tremendous asset to our customers, our staff and business owners throughout the area,” Stovern said “He has a great understanding of commercial, consumer and SBA loans.”
Carter has more than 15 years of banking experience, including time at TCF Bank in Bloomington, and most recently at Drake Bank in St. Paul. He has a great deal of expertise in commercial and SBA loans.
“My knowledge will allow me to look closely at a business and suggest the best course of action that business can take for financing,” Carter said. “I look forward to continuing to help businesses achieve their goals, and to continuing to help our community grow through being involved.”
Carter recently completed his course work at the Graduate School of Banking in Colorado. He is a member of the Neighborhood Economic Development Association (NeDA) of St. Paul and the West St. Paul Kiwanis Club. He has a long history of working with and volunteering his time with community organizations.
Say, “Hello” to our new staff
Merchants Bank is dedicated to providing you with top-notch service. We want you to be satisfied with all of your banking needs. We recently hired these qualified employees to provide you with the excellent service you deserve. Please help us welcome the new front-line team members of Merchants Bank.
Jeff Carter joined Merchants Bank, Cottage Grove as a Vice President/Commercial Banker. He previously worked at Drake Bank as a Vice President/Commercial. Jeff and his family reside in Hastings. Jeff is involved with the community as a Board Member for the Neighborhood Economic Development Association (NeDA) and the West St. Paul Kiwanis Club.
Jenny Kiese joined the Winona Lakeside team as a part-time Teller. Jenny and her husband moved off their dairy farm in Lewiston last year and now they live in Winona with their two teenagers Jake and Ellie. She is adjusting to “big city” life. Jenny is looking forward to getting to know her new customers and providing them with excellent service. She previously worked as a Teller at Winona National Bank.
Meggan Scanlan joined Merchants Bank, Caledonia as a part-time Teller. Meggan is currently attending Caledonia High School and also works as a lifeguard. She also previously worked as a Dishwasher/Prep Cook. Meggan is excited to be part of the Merchants team.