Meet Matt Schuldt, President/Commercial & Ag Banker


Get to know Matt and how he assists farmers and Ag businesses as a trusted advisor.

When did you start your banking career?
Matt: I graduated in 2001 from St. Cloud State. After college, I worked with an accounting firm that strictly helped banks. I would work with banks of different sizes to complete directors exams and prepare tax returns.

After gaining that experience, I moved into my first Commercial Banking role in 2010. I joined First Community Bank in Lester Prairie, MN as a VP/Commercial Banker.

In 2014, I was lucky enough to move back to my hometown of Caledonia to work at Merchants Bank as a Commercial/Ag Banker and lead our Caledonia and Spring Grove offices. My family and I are happy to be back here. We have been greeted wonderfully and embraced by the community. We’re looking forward to growing old here together.

What do you like most about your job?
Matt: Working with customers on a day-to-day basis and helping solve their problems. I truly enjoy being one of their go-to, trusted advisors.

As part of Merchants’ commitment to our community, I also get to be involved in many different community organizations. Part of my job is to help make Caledonia and Spring Grove better communities for all of us who live and work here.

What is your message to your customers in the ag industry right now?
Matt: I want my customers to know that we understand the cyclical nature of ag markets and the ag economy as a whole. They are going to have high times and low times. During low times like this, both the Bank and myself as their advisor, are going to work with them and stick behind them. We know there will be better times ahead.

What do you hope your customers say about working with you?
Matt: That I looked out for their best interests at all times. I’m here to help them make decisions and give them options for how to meet future goals…whether that’s getting their farm paid off or helping bring their children into the operation. Our community can’t thrive without their livelihood succeeding, so we’re a team.

How can you help farmers and ag businesses?
Matt: There are so many areas where a Commercial Banker can lend expertise. From succession planning to operating lines of credit, loans and more we have options to fit an individual’s situation. Especially in times like this when the industry is struggling, we know we have to get creative with financing and work through financial obstacles together.

What does community banking mean to you?
Matt: It means that our Bank is your trusted advisor for everything, from financing your business or home to teaching your child about the importance of saving with their first bank account. It means that when you step inside the Bank, I know you on a first-name basis. It means that if you ask me to come out to visit your farm, I can be there in 10 minutes.

Ultimately, as a community bank, we realize that without farmers supporting our local economy, our whole town – and many markets Merchants Bank serves – would struggle. The Bank believes in doing everything it can to keep the community strong and growing.