Massett Named Merchants Bank Regional President for Cannon Falls, Red Wing and Hampton

Dan Massett

Dan Massett

Red Wing financial leader Dan Massett has been named the new Regional President for Merchants Bank in Cannon Falls, Red Wing and Hampton, according to Merchants Bank President and Chief Banking Officer Greg Evans. Massett started his new position April 2.

“We’re excited to expand the depth of our leadership team with somebody who has significant familiarity with the markets of this important region and strong leadership experience,” Evans said.

Massett comes to Merchants Bank from Associated Bank in Red Wing, where he has been Community Bank President and had Regional Team Leadership responsibility for Business Banking with Associated, including oversight of markets in western Wisconsin, part of the Twin Cities metropolitan area and Rochester.

“Working with the leadership group, they gave me the feeling that Merchants is a strong community bank, and that’s where I feel I belong,” Massett said. “With nearly 25 years in banking, I bring a variety of banking experience to the table. My goal is to add value to every experience I have with customers.”

Massett grew up in Red Wing, graduating from Red Wing High School in 1987. He earned a degree in Organizational Management from Gustavus Adolphus College and began his banking career as a Business Banker with Norwest Bank in 1991, working with the organization as it transitioned to Wells Fargo. In 1998 he moved back to Red Wing to work for the Jones family at Goodhue County National Bank, which became Signal Bank. He has been with that Bank in Red Wing through the transition to Associated and until now.

Massett is committed to community banking and providing community leadership. Dan currently serves on the Board of Directors for the Jones Family Foundation, the Red Wing YMCA (Treasurer) and the Every Hand Joined Partner Table, a collective impact/community-wide initiative to enhance educational outcomes in Red Wing. He is a past Board member for the Red Wing Mayor’s Blue Ribbon Panel for Economic Development, the Red Wing Chamber of Commerce, and the Red Wing Port Authority. He has been active in the Red Wing Athletic Association and the United Way for Goodhue/Wabasha/Pierce Counties.

Massett will have offices in both Cannon Falls and Red Wing. Evans has been Merchants Bank’s President and Chief Banking Officer for all 21 locations since January 1. He had also continued his role as Regional President for Cannon Falls, Red Wing and Hampton until Massett’s hiring.

Matthew Schuldt Named President at Merchants Bank in Caledonia and Spring Grove

SchuldtMatt

Matt Schuldt

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.

Rick Roesch Joins Merchants Bank as a Mortgage Lender

Veteran Mortgage Lender Rick Roesch has joined Merchants Bank, according to Merchants Bank’s Eau Claire Market President Mark Willer.

Rick Roesch

Rick Roesch

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.

Mark Willer Named Market President for Merchants Bank’s New Location in Eau Claire

Mark Willer

Mark Willer

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 Joins Merchants Bank as a Mortgage Lender in Cottage Grove

Lance Rud

Lance Rud

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.

New Faces at Merchants Bank

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!

NewtoTeamPhotosSeptemberEN

Jeff Carter Joins Merchants Bank in Cottage Grove as Vice President and Business Banker

CarterJeff

Jeff Carter

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.