Jim Peterson has joined Merchants Bank in Cannon Falls as Vice President and Commercial and Ag Banker, according to Brian Hokanson, Senior Vice President and Senior Lender for Merchants Bank.
“We believe Jim’s skills, especially in the area of ag lending, are a tremendous fit for our focus as a bank, but, more so, the right fit for our current and future customers,” Hokanson said.
Peterson has 16 years of commercial lending experience, working both in North Dakota and Minnesota. In addition to serving the needs in the Cannon Falls area, Peterson will also work with Ag customers in the Rochester area.
“The areas of focus that are important to me are also important to Merchants Bank,” Peterson said. “It has a great reputation for taking care of the immediate and long-term needs of its customers. I’m happy to be part of the team.”
Peterson is a native of North Dakota and graduate of North Dakota State University, with a degree in Agricultural Economics. He has a long history of community involvement and a love for the outdoors, including time serving on the Advisory Board for the North Dakota Parks and Recreation Department. Jim and his wife, Tina, are looking forward to being active members of the Cannon Falls community.
Loans are subject to credit approval.