Andrew Althoff Promoted to Mortgage Lender at Merchants Bank

Andrew (Andy) Althoff has been promoted to Mortgage Lender at Merchants Bank in Northfield, according to Tim Viere, Northfield Regional President. Andrew replaces Becky Behrens, who is retiring on July 31 after 39 years serving mortgage customers in Northfield.

“We’re excited to have Andrew’s mortgage expertise on staff. His background in mortgage processing means he knows exactly what is needed to process a mortgage application and that will translate into meaningful conversations with potential homebuyers upfront,” said Viere.

Althoff has been with Merchants Bank since 2014 as a Credit Operations Representative and most recently a Mortgage Loan Processor. He has been working as part of the Northfield team since Merchants Bank closed on the sale of the First National Bank of Northfield in August 2019 and has enjoyed learning from Becky in that time. Althoff is from the Cannon Falls area and graduated from Winona State University with a Bachelor of Science in Business Administration.

“I look forward to serving the people of Northfield and helping them realize their dreams of home ownership. I am determined to make the process of home buying and refinancing as seamless as possible,” said Althoff.

The Merchants Bank Mortgage team is comprised of nearly 20 local mortgage lenders, available throughout our regional footprint, backed by our in-house mortgage processing, underwriting and loan servicing teams. In addition to traditional mortgage loans, Merchants mortgage lenders can assist with mortgage pre-approval, construction loans, and specialized mortgage programs such as VA, FHA, Rural Development and more available through Fannie Mae and Freddie Mac. We’re committed to being there for our customers after loan closing and service nearly $2.6 billion in mortgage loans annually.

Merchants Bank is a full service community bank with 21 bank locations in southeastern Minnesota, two bank locations in west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.1 billion in assets. Merchants was founded in 1875. Loans are subject to credit approval.