Strawberry Pecan Pie from the Merchants Bank Family Cookbook

StrawberryPecanPieRecipe

Layer 1: 1 ½ cup flour, ¾ cup butter, ½ cup pecans

Mix and spread in pie pan. Bake @ 350 degrees for 20 minutes. Cool completely.

Layer 2: 8 oz. package cream cheese, 1 cup powdered sugar, 1 Tbsp milk, ½ tsp almond extract

Mix well & spread over crust.

Layer 3: 1-2 pounds fresh strawberries sliced.

Place berries on cream cheese layer.

Layer 4: Whipped cream or cool whip

Spread over berries. Garnish with a drizzle of chocolate syrup.

Merchants Family Cookbooks are available at all Merchants Bank locations for $15. Proceeds benefit local food shelf programs.

Merchants Financial Group, Inc. Posts First Quarter Earnings Ahead of Plan: Increases Dividend to Shareholders

Merchants Bank

Rod Nelson, President & CEO

Merchants Financial Group, Inc. (MFGI) announced first quarter net income of $3,253,297, according to MFGI President & CEO Rodney R. Nelson.

“We are pleased with the results. They are consistently strong across our locations and slightly ahead of what we forecasted for this point in the year,”Nelson said. “Part of the reason for our success includes continued excellence in commercial loan growth and excellent mortgage activity because of continued low interest rates.”

As a result of the positive performance, the MFGI Board of Directors authorized a semiannual dividend of 55 cents per share to shareholders during its April meeting, an increase of two cents per share. Dividends will be paid in June to shareholders of record as of May 20.

“We are proud that since we first started paying dividends that we’ve never missed or decreased a dividend payment. This year, the dividend represents about 2.4% of our current share price, if annualized, and dividend payments would be about one quarter of our net income, if annualized,”Nelson said. “Thanks to the continued support from our customers and work of our employees, we believe we are on track for another good year.”

The first quarter income comes on the heels of Merchants Bank’s record earnings of $13,454,698 in net income in 2015.

MFGI owns 21 Merchants Bank locations, including Minnesota locations in Winona, St. Charles, Goodview, Rochester, Rushford, Lanesboro, Caledonia, La Crescent, Spring Grove, Cannon Falls, Red Wing, Hampton, and the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount. Merchants has Wisconsin locations in Eau Claire and Onalaska. All banks are FDIC members and equal housing lenders. Additionally, MFGI also owns Twin Cities-based Merchants Bank Equipment Finance, a division of Merchants Bank, N.A.

The ownership of Merchants Financial Group is made up of its nearly 450 employees and its shareholders, mostly individuals and families from southeastern Minnesota and west-central Wisconsin.

Thai Chicken Skewers from the Merchants Family Cookbook

 

BlogRecipe4-25

Ingredients

  • ¼ cup smooth peanut butter
  • 2 Tbsp onion, finely chopped
  • 2 Tbsp parsley, finely chopped
  • 2 Tbsp fresh lemon juice
  • 1 ½ tsp soy sauce
  • 1 garlic clove, finely chopped
  • 1 tsp. tabasco
  • ½ tsp ground coriander
  • 1 lb boneless, skinless chicken breasts cut into 1 inch pieces

Directions

Combine all ingredients, except chicken, in medium bowl. Add chicken, toss to coat. Cover and refrigerate 6-8 hours or overnight.

Preheat broiler or grill. Thread marinated chicken or skewers. Broil or grill 6-8 minutes, turning frequently (do not overcook.) Serve warm on skewers.

Merchants Family Cookbooks are available at all Merchants Bank locations for $15. Proceeds benefit local food shelf programs.

Fresh Mango Salsa FROM THE MERCHANTS FAMILY COOKBOOK

Recipe_April 22

Ingredients

  • 4 mangos, peeled and chopped
  • 1 green jalapeno pepper, seeded and chopped
  • 2 green onions, sliced thin
  • 1 sweet red pepper
  • ¼ cup fresh cilantro leaves, chopped
  • 2 cloves fresh garlic
  • ¼ cup olive oil
  • 2 Tbsp. fresh lime juice

Directions

Mix all ingredients together and refrigerate overnight. Serve with lime chips, grilled chicken, pork or fish.

Merchants Family Cookbooks are available at all Merchants Bank locations for $15. Proceeds benefit local food shelf programs.

James A. Trenda Re-elected Director at Merchants Financial Group, Inc.; Company Formally Reports Record Year to Shareholders

TrendaJames

James A. Trenda, CPA

Twin Cities CPA James A. Trenda was re-elected to the Merchants Financial Group, Inc. (MFGI) Board of Directors during the company’s annual meeting Thursday, April 7.

Trenda joined other Directors and shareholders at the event as MFGI President & CEO Rod Nelson formally announced net income of $13,454,698, record earnings for the 141-year-old company with 21 locations in Minnesota and Wisconsin. Those locations include banks in Apple Valley, Lakeville, Rosemount, Cottage Grove and Hastings.

“The Twin Cities banks and bankers contributed significantly to the record year. They are an experienced and knowledgeable group who focus on building long-term relationships with their customers,”Trenda said. “For Merchants, the Twin Cities is a place of tremendous opportunity.”

Nelson said having Trenda on the MFGI Board and also having a Twin Cities Advisory Board in place, of which Trenda is also a member, helps to inform the organization and keep it focused on opportunities with Twin Cities’ businesses.

“We see the Twin Cities as an area of significant growth for us,” Nelson said. “When others see smart and well-respected business people like Jim on our Board, we think they will see how serious we are about building our presence in the Twin Cities, especially the southern metro.”

Trenda is President of CP Advisors, LLC, in Minneapolis. He has been on the MFGI Board since 2007.

During the annual meeting, Nelson also reported loan growth of 12.1% over 2014. Deposits increased by 2.6% and MFGI’s capital grew from $131.2 million at year end 2014 to $139 million at year end 2015, a 5.9% increase. Total assets ended the year at $1,589,202,831.

In addition to the Twin Cities locations, MFGI also owns Merchants Bank locations in Winona, St. Charles, Goodview, Rochester, Rushford, Lanesboro, Caledonia, La Crescent, Spring Grove, Cannon Falls, Red Wing and Hampton.  Merchants has Wisconsin locations in Eau Claire and Onalaska. All banks are FDIC members and equal housing lenders. Additionally, MFGI also owns Twin Cities-based Merchants Bank Equipment Finance, a division of Merchants Bank, N.A.

The ownership of Merchants Financial Group is made up of its more than 450 employees and its shareholders, mostly individuals and families from southeastern Minnesota and west-central Wisconsin.

Merchants Financial Group, Inc. Re-elects Directors and Formally Reports Record Year to Shareholders

CameraZOOM-20160407160521144During its annual meeting Thursday, the shareholders of Merchants Financial Group, Inc. (MFGI) re-elected four members to the MFGI Board of Directors and heard about the organization’s record year.

Re-elected to three-year terms as Directors were: Scott K. Biesanz, Chairman of the Board, Goodson Manufacturing Company; Michael D. Cunningham, Retired President, Realwood Stores, Inc./Board Store Home Improvement, Inc.; Rodney R. Nelson, President & Chief Executive Officer of Merchants Financial Group Inc.; and James A. Trenda, CPA, President, CP Advisors, LLC. Biesanz is the MFGI Board Chair. Also recognized was MFGI Director Peter W. Woodworth, who retired from the Board after 29 years.

“One of the reasons we’ve enjoyed exceptional growth is the experience and the skill set our Board of Directors bring to the table. They know what it is to be successful and provide us the guidance and leadership we need to move ahead as a community banking organization focused on meeting the needs of our customers,”Nelson said.

During the meeting, Nelson formally reported MFGI’s 2015 record year of $13,454,698 in net income, surpassing the previous record in 2012 by more than $1 million. Nelson reported loan growth of 12.1% over 2014. Deposits increased by 2.6% and MFGI’s capital grew from $131.2 million at year end 2014 to $139 million at year end 2015, a 5.9% increase. Total assets ended the year at $1,589,202,831.

“This success is certainly a reason to celebrate and also stands as a goal for all of our employees to work to surpass in the future,”Nelson said. “We promise to continue our individual and collective efforts to make sure the people we serve are truly pleased with the products and service we provide them.”

Nelson, Chief Financial Officer Sue Savat, and Merchants Bank Equipment Finance President Brad Brolsma were featured speakers during the meeting.

Grilled Cajun Shrimp from the Merchants Family Cookbook

Recipe-CajunGrilledShrimp

Ingredients

  • 1 ½ lb. large shrimp
  • 1 tbsp. paprika
  • ¼ tsp. salt
  • ¼ tsp. pepper
  • 1 garlic clove
  • 1 stick butter
  • Oil for greasing grill

Directions

Butterfly Shrimp: With a sharp knife, slit underside of shrimp lengthwise.

Marinate Shrimp: Combine paprika, salt, pepper and garlic. Stir into melted butter. Add shrimp to mixture and coat evenly. Marinate for 1 hour.

Grill Shrimp: Shake off and save marinade. Arrange shrimp on grill or place on wooden skewers. Grill shrimp 3-4 minutes, brush with marinade, continue cooking 1-2 minutes. Garnish with lime or cilantro if desired.

Merchants Family Cookbooks are available at all Merchants Bank locations for $15. Proceeds benefit local food shelf programs.