Merchants Bank is one of 40 banks in the state to be named a Community Champion by the Minnesota Bankers Association in recognition of the Bank’s local community contributions, service and support.
“We are proud to be recognized for our community engagement efforts in 2019, but the current state of the world provides a stark reminder that we have great challenges ahead of us in all of our communities,” said Greg Evans, President & CEO. “As we always have, we will embrace those challenges as opportunities. By working together, we can and will help those in need and support the heroes on the front lines of the pandemic response.”
As a commitment to local community leadership, Merchants Bank employees volunteered more than 15,000 hours to 211 organizations in 2019. In addition to last year’s volunteer efforts, Merchants Bank contributed to more than 500 organizations with total charitable donations of more than $595,000.00, or 2.63% of Merchants Bank’s pre-tax income. Local community commitment and support has been key priority for Merchants since it’s founding in 1875.
The Minnesota Bankers Association Community Champion recognition honors banks based on their community involvement in the past year. Criteria included volunteer hours, number of employees volunteering, charitable contributions, number of organizations supported and how often financial education was provided to the community. 40 banks from across the state were honored for their 2019 community efforts. In total, the 40 banks contributed $3.1 million in charitable donations and 92,500 volunteer hours.
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. Member FDIC