Randy Bachman has been promoted to Consumer & Commercial Banking Officer at Merchants Bank, according to Twin Cities Regional President Lawrence Stovern.
“Randy is already so familiar with the Cottage Grove business community through his role as Branch Manager and involvement with the local Chamber of Commerce,” said Stovern. “With the addition of commercial banking to his skill set, he’ll be able to help business with all of their financial needs from treasury management to financing.”
Bachman has been in banking for more than 10 years. He began his career at Merchants Bank in 2012 as a Personal Banker. Since then he has been promoted to Personal Banking Manager in 2012 and most recently became a Consumer Banker and Branch Manager in 2016.
“Moving into commercial banking was a natural next step for me since I already work with businesses for their deposit accounts and services. I’m excited to now be able to walk business customers through traditional financing options and help meet specialized needs like floor plan financing and leasing,” said Bachman.
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 bank locations and one loan production office in southeastern Minnesota and two bank locations in west-central Wisconsin. Headquartered in Winona, MN, the Bank has nearly $2 billion in assets and was founded in 1875.