Meet Nick Benz, Treasury Management Sales Officer Lead

Nick Benz, Treasury Management Sales Officer Lead

A Certified Treasury Professional (CTP), Nick Benz brings 17 years of Treasury Management experience with him to Merchants as well as his empathetic approach to working with local businesses.

What drew you to Merchants Bank?

What really drew me to Merchants is the structure – in an organization this size, you know your voice is being heard. We have decision-making management at the local level, people that understand what business is like in that unique market, which is such an asset when you want to be able to make quick decisions with your customers.

How do you approach working with customers?

I try to take a consultative approach – I ask a lot of questions to figure out what would best suit that customer’s unique needs and what would bring them enhanced efficiency and benefits.

What is one of the top things businesses can work on right now to improve their security?

One of the biggest things going on right now is email compromise. Fraudsters are able to send fake emails that look like they’re from people in your organization that you recognize, usually asking you to send money somewhere.

One of the best ways to combat this is to make sure you have secure, dual-control internal processes in place for when your business makes payments – especially large ones. “Dual-control” means that a payment (or other action) has to be reviewed and approved by two people before it is made. Making sure that a transaction is approved by two or more parties increases your chance of catching any fraud attempts.

What’s the best piece of advice you’ve heard?

I’m a firm believer in the golden rule: treat people as you would like to be treated. That mentality really helps you have strong empathy and compassion for everyone you work with.

What do you like to do in your free time?

I enjoy sports and have two kids that play baseball and basketball, so going to games and helping coach baseball takes up most of my off-work hours.

Our Treasury Management experts are always ready to discuss ideas, opportunities and options for your business. Contact your local Treasury Management Sales Officer – we’re ready to support your business as you work toward your goals.

Nick Benz Joins Merchants Bank as Treasury Management Sales Officer Lead

Nick Benz, Treasury Management Sales Officer Lead

Nick Benz has joined Merchants Bank as a Treasury Management Sales Officer Lead, according to Andrew Guzzo, Winona and Southeast Regional President.

“Nick brings more than 15 years of treasury management expertise to our team, helping local businesses find efficiencies and implement beneficial cashflow strategies. I’m excited to see how he puts his knowledge to work for our valued clients at Merchants,” said Guzzo.

A Certified Treasury Professional (CTP), Benz has 17 years of experience in treasury management and banking working with businesses of all sizes. He was most recently a Treasury Management Payment Consultant for US Bank and has spent the majority of his career providing business clients with expertise in this area, which continues to grow in importance as businesses look for innovate ways to safely manage cash.

“I’m excited to join a growing community bank that values technology. The world has changed quickly over the past year, and I want to help our business clients adapt and continue to grow into the future,” said Benz.

Benz is a graduate of Winona State University with a Bachelor of Arts in Business Administration and Marketing and currently lives in Onalaska with wife and two children. Having previously lived in the Coulee Region, he is looking forward to becoming active community volunteer again. In his free time, he coaches his children’s baseball team and likes to be outside and enjoys hunting and fishing. 

The Merchants Bank Treasury Management & Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. Merchants’ Treasury Management Sales Officers help with cash flow strategies, custom account protection tools to monitor for fraud and effective options for collecting and making payments. 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 23 bank locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.5 billion in assets. Merchants was founded in 1875. Loans are subject to credit approval. Member FDIC.