As the First National Bank and Merchants Bank prepare for their official merger and systems conversion in May, Merchants has announced the establishment of its Local Advisory Board of Directors for the Northfield community, according to Merchants Financial Group, Inc. President & CEO Gregory M. Evans.
“Our community banking philosophy includes an intense commitment to local leadership and local decision-making,” explained Evans. “Creating a local Advisory Board in Northfield is consistent with our go-to-market approach in our various communities. Our Board members have strong ties to the local community and will provide key insights about how we can best serve the families and businesses of Northfield and the surrounding area.”
The Northfield Advisory Board is made up of six members including Cheryl Buck, Director of Business Development at Professional Risk Managers’International Association; Matt Christensen, Commercial Risk Advisor at WA Group; Richard Falck, Owner of Falck Financial Services and RJF, Inc; Chris Kennelly, President of Northfield Construction Company and Bluewater Properties; Jennifer Sawyer, Founder and Principal for Rebound Enterprises and BoardBOS; and Kevin Wright, Managing Partner at Red Pine Communities.
“The First National and Merchants Bank teams have been doing a wonderful job of working together since September. We knew there would be an excellent fit of each organization’s culture and the mutual commitment to customers and community,” said Richard Falck, Advisory Board member. “Now, with establishing the Northfield Advisory Board, we are taking the next step in serving Northfield and surrounding areas. I’m very excited to be part of a Board with such high quality people who are dedicated to helping Merchants make a growing impact in the community.”
The Board and Advisory Board leadership structure is well established in the Merchants culture and has contributed to the growth of the organization. Advisory Boards across Merchants’ footprint ensure the Bank is connected with the communities served and provides key insights into the local population and economies. Advisory Board members contribute meaningful feedback about what is important to community members and business owners and how Merchants Bank can collaborate on a local level to create thriving communities.
Merchants Bank is a full service community bank with 19 bank locations in southeastern Minnesota, two bank locations in west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. As the parent company for Merchants Bank, Merchants Financial Group, Inc. (MFGI) also owns the First National Bank of Northfield, with two banking offices in Northfield and a loan production office in Bloomington, Minn. Headquartered in Winona, MN, MFGI has more than $2.1 billion in assets. Merchants was founded in 1875.