Net Income Ahead of Plan and Last Year for the First Half of 2014

Rod Nelson

CEO Rod Nelson reports a net income of $6,335,210 for the first six months of the year for Merchants Financial Group, Inc.

Merchants Financial Group, Inc. (MFGI) reported net income of $6,335,210 for the first six months of the year. The income is both ahead of plan and ahead of last year’s income of $6,104,872 for the first half of the year, according to MFGI President & CEO Rod Nelson.

Nelson pointed out that MFGI has continued its focus on credit quality and has experienced significant loan growth. Mortgage activity, while not at the levels of the past several years, also contributed positively to growth.

“Our growth was excellent across our entire organization. All of our regions finished the first half of the year above plan,” Nelson said. “I believe it is a direct result of the service-oriented approach that all of our employees embrace when interacting with our customers and co-workers.”

Nelson said that as he looks forward to the remainder of the year, he expects continued strong performance, including achieving planned income for the last six months of the year.

Bobbi Kasel Promoted

KaselBobbiBobbi Kasel has been promoted to Assistant Vice President/Personal Banking Manager, according to Merchants Bank in Hastings President Bruce Goblirsch.

Kasel started with Merchants in 2004 as a Customer Service Representative, was promoted to Personal Banking Officer in 2005, and became the compliance officer for the Twin Cities Region in 2007.

“Bobbi has done a great job in building our consumer lending business, and she has been instrumental in the growth and development of our bank in Hastings,” Goblirsch said. “Her knowledge of our customers and their financial goals has been an important part of our growth.”

In addition to her other responsibilities, Kasel manages the customer service and teller staff in Hastings.

“It’s a pleasure to serve our customers and meet their financial needs in whatever way we can,” Kasel said. “We have a great team here in Hastings, and I’m glad to be a part of it.”