Merchants Bank Establishes Northfield Advisory Board of Directors

Greg Evans, President & CEO

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.

Meet Jon Dahl: Ag/Commercial Banker, Market President in Cannon Falls

Jon Dahl

Q: What is your banking background?

I’ve been in banking for 35 years. I’ve got a lot of experience in the ag lending and management areas. I’m hoping to leverage those experiences and skills to help serve the Cannon Falls community.

Q: What drew you to Cannon Falls?

Cannon Falls had a lot of appeal to me because of its beautiful scenery and it’s proximity to the Twin Cities. It’s a great balance between a cozy, picturesque town and close to the energy and convenience of a larger city. Cannon Falls has a great business and ag community here and I’m looking forward to getting involved.

Q: What drew you to Merchants Bank?

It’s very evident to me that Merchants is a great organization. It shows in the tenured employees and the culture of customer and community service. The values here really align with my own. Those things taken together, it was a no brainer.

Q: What’s the best piece of advice you’ve ever received?

One of my early mentors shared a quote from Shakespeare that resonated with me and has stayed with me: “This above all: to thine own self be true.”

Though there are different interpretations of this, to me it means being honest with yourself and others, doing the right thing, and demonstrating commitment to principles.

Q: What do you like to do in your free time? 

I like a little bit of everything, actually. I like to read; I’m a self-proclaimed history buff. My wife and I both play instruments: I play guitar, Becky plays piano. We love outdoor activities like boating and fishing, and we’re also avid Minnesota sports fans – especially the Minnesota Gophers. Becky and I went to the University of Minnesota, and we’ve had season tickets for over 20 years.

Jon was hired in March of 2020 as an Ag/Commercial Banker and Market President. Jon has over 30 years of experience in the financial industry and will do commercial lending as well as oversee the Cannon Falls branch.

Loans are subject to approval.

Jon Dahl Named Market President for Merchants Bank in Cannon Falls

Jon Dahl

Experienced Ag/Commercial Banker, Jon Dahl has been named the new Market President for Merchants Bank in Cannon Falls, according to Dan Massett, Central Region President.

“Expanding our leadership team in this region is an important investment in the continued growth of local businesses and the community. Jon’s leadership experience and particularly his community and ag banking background make him a great fit for Merchants and our Cannon Falls customers,” said Massett.

Dahl has 35 years of commercial and ag banking experience. He has worked for several community banks and also spent 14 years with John Deere Credit and five years with Rabo AgriFinance. Dahl was most recently the Vice President and Branch Manager for Star Bank in Elbow Lake, MN. His special expertise in financing for farming and ag businesses is the culmination of more than three decades in the industry.

“Joining an organization with such a strong customer and community service culture aligns with my personal approach to working with clients,” said Dahl. “I want to leverage my experience and skills to serve the local business and ag community.”

Dahl grew up in Barrett, MN and attended the University of Minnesota, earning a Bachelor of Science in Agricultural Economics. He and his wife will be relocating to the Cannon Falls area and are looking forward to becoming involved in the community. His hobbies include outdoor activities like boating and fishing, reading, playing guitar and cheering on his favorite Minnesota sports teams.

Since 2007, Merchants Bank has been a community partner in Cannon Falls helping individuals, businesses and farmers achieve their financial goals. With a focus on mortgage and ag/business financing, Merchants has been fortunate to grow with the Cannon Falls community. In addition to traditional banking services, the Bank also offers a full line of business loan, lease and floor plan finance solutions, digital banking, security apps, treasury management tools and wealth management services.

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.