Rick Jaacks Joins Merchants Bank as Vice President/Commercial Banker

Rick Jaacks, Commercial Banker

Rick Jaacks has joined Merchants Bank as a Vice President/Commercial Banker, according to Randy Domeyer, Senior Vice President and Commercial Banking Manager for Merchants in Winona.

“Rick’s extensive background in commercial lending will complement our already talented team,” said Domeyer. “He truly understands the personalized approach to banking that makes a difference for our business customers.”

With a banking career that spans more than 30 years, Rick brings strong experience in commercial and ag lending, treasury management and credit quality management to Merchants. He was previously a Business Development Officer for Community Bank and Trust in Iowa and has spent most of his career working for community banks. Rick is also a Small Business Administration (SBA) lending expert.

“Being a community banker is a privilege and I’m looking forward to continuing to embrace the community banking philosophy that’s been so important to Merchants Bank’s success. It’s about getting to know my customers’ individual needs and adding value as their financial partner,” said Rick.

In Iowa, Rick was actively involved with Waterloo Main Street, multiple commissions for the City of Waterloo, served as a Board Member for the North East Iowa Food Bank and looks forward to becoming involved in the Winona community as well. He and his wife, Heather, will be relocating to Winona.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Treasury Management and deposit services.

Merchants Bank is a full service community bank with 21 branches in southeastern Minnesota and west-central Wisconsin. Headquartered in Winona, MN, the Bank has more than $1.76 billion in assets and was founded in 1875. Loans are subject to approval.

Your Local Cash Management Experts

cashmanagement

For many businesses, the management of your day-to-day cash flow has become more complex. Over the past year, Merchants Bank recognized the need for more local service and expertise in this area and trained an additional 11 Merchants Bank staff as Treasury Management Specialists.

What does this mean for your business? You’ll now have a local business resource, in addition to your Commercial or Ag Banker, at a Merchants Bank near you. With the leadership of Tammy Johnson, our Treasury Management Sales Manager, our Treasury Management Specialists are fully equipped to help your business find the right treasury management solutions.

What services can Treasury Management Specialists help with?
We can help any business with something as simple as selecting the right business checking account or business credit card to custom FDIC insured products for larger deposit accounts (such as CDARs and ICS).

We also offer:

Who is my local Treasury Management expert?
You can find the Treasury Management Specialist for your area on our website.

Contact your local Merchants Bank to speak to the Treasury Management Specialist near you. To learn more about our Cash Management services, visit our website.

Dana Dobrunz Promoted To Personal Banking Manager

Dana Dobrunz

Dana Dobrunz has been promoted to Personal Banking Manager at Merchants Bank in La Crescent, according to Steve Christiansen, Market President for Merchants Bank in La Crescent and Onalaska.

“Dana’s passion for taking care of customers has provided her with many opportunities for growth during her career with Merchants,” said Christiansen. “In her new role, she’ll be able to share her customer service approach as a supervisor and mentor to other staff.”

Dana has been in banking for more than 25 years and began her career as a Teller with Merchants Bank in La Crescent in 1993. Since then she has been promoted to Customer Service Representative in 1998, Personal Banker in 2005 and most recently became a Consumer Lender in 2015.

“Merchants has given me so many opportunities to grow in my career and I look forward to continuing to share what I’ve learned to grow the strong team we have here in La Crescent,” said Dobrunz.

Merchants Bank is a full service community bank with 21 branches in southeastern Minnesota and west-central Wisconsin. Headquartered in Winona, MN, the Bank has more than $1.76 billion in assets and was founded in 1875.