Shannon Spahr of Merchants Bank Successfully Completes CPA Exams

Shannon Spahr

Shannon Spahr

Merchants Bank Finance Specialist Shannon Spahr has passed her Certified Public Accountant (CPA) exams.

“The CPA exams are difficult, and Shannon’s ability to pass those exams while working full time for us reflects not only her ability, but also her focus on meeting a significant goal that moves her career ahead and helps move us ahead as an organization,” said Sue Savat, Chief Financial Officer for Merchants Bank. “We’re happy for her and proud of her accomplishment.”

Spahr said she recognizes the investment of her time and energy is paying dividends for her career. Spahr has been with Merchants since September of 2010 and has recently moved into her role as a Finance Specialist. Spahr said the four CPA exams each take three and a half to four hours, and the passing rate for each of those exams is 45%-50%.

“I believe that hard work, maintaining a positive attitude and support from family and co-workers all contributed to me passing the exams,” Spahr said. “I’m very grateful to have the chance to work under Sue’s direction here and look forward to learning more.”

Spahr is a graduate of Winona Senior High School, Winona State University, where she received an Accounting degree, and Stetson University, where she received her Master’s in Accountancy.

“I’ve always valued furthering my education. It provides me with a great foundation. The book knowledge is important, but I feel I’ll be able to learn the most from my co-workers,” Spahr said.