Mike Swanson and Pam Timp to Provide Cash Management Solutions for Merchants Bank in the Twin Cities

MikeandPamPromotionMike Swanson and Pam Timp of Merchants Bank will be taking the lead in providing Cash Management solutions for businesses in the Twin Cities.

They will be providing Cash Management expertise for business customers for all Merchants Bank’s Twin Cities locations –Hastings, Cottage Grove, Apple Valley, Lakeville and Rosemount. Swanson has moved to Merchants Bank’s Hastings location, where he has also been promoted to Commercial Banker. Timp will be available at the Lakeville location.

Merchants Bank’s Cash Management products and services are designed to save businesses time and money, protect against potential fraudulent activity and create opportunities for those businesses to grow. It is an area of focus for the Merchants Bank organization.

“I’m looking forward to working with our business customers throughout the Twin Cities and show them how our Cash Management solutions may be able to help them in ways they may not have expected,”Swanson said.

Swanson has been with the Merchants Bank organization for four years and in banking for 15 years. Most recently he served as the Senior Consumer Banker and Branch Manager in Merchants’Lakeville location. Timp has been with the Merchants Bank organization for almost three years, serving as Lending Assistant and Customer Service Representative in Lakeville.

Merchants Financial Group, Inc. Posts Earnings of $6,442,991 Through First Half of 2016

MFGIResults

Merchants Financial Group, Inc. (MFGI) announced net income of $6,442,991 through the first two quarters of 2016, according to MFGI President & CEO Rodney R. Nelson.

“Our earnings reflect the exceptional work of the employees throughout our organization in meeting and exceeding the needs of our customers in the communities we serve, whether they are business owners, someone buying a home, or someone saving for the future,” Nelson said. “We believe our success is a direct result of helping others meet their goals.”

Nelson said the main drivers for Merchants Bank’s earnings continue to be commercial loan and mortgage loan growth. He said other areas have also contributed to the positive earnings, including growth in the credit card portfolio. Merchants Bank issues and services its own consumer and business credit cards.

Net income for the first two quarters of 2016 is nearly $170,000 ahead of Merchants Bank’s 2015 earnings through the same time. Merchants Bank posted record earnings of $13,454,698 in 2015.

“I anticipate continued success throughout the year in all of our markets,” Nelson said.

MFGI owns 21 Merchants Bank locations, including Minnesota locations in Winona, St. Charles, Goodview, Rochester, Rushford, Lanesboro, Caledonia, La Crescent, Spring Grove, Cannon Falls, Red Wing, Hampton, and the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount. Merchants has Wisconsin locations in Eau Claire and Onalaska. All banks are FDIC members and equal housing lenders. Additionally, MFGI also owns Twin Cities-based Merchants Bank Equipment Finance, a division of Merchants Bank, N.A.

The ownership of Merchants Financial Group is made up of its nearly 450 employees and its shareholders, mostly individuals and families from southeastern Minnesota and west-central Wisconsin.

Nick Pederson Joins Merchants Bank as a Commercial Banker

PedersonNick

Nick Pederson, Commercial Banker

Nick Pederson has joined Merchants Bank in Rochester as a Commercial Banker, according to John Doyle, President of Merchants Bank in Rochester.

“We’re excited to have someone with Nick’s experience finding solutions for customers and knowledge of the Rochester market join our team,”Doyle said. “We look forward to him helping more and more businesses discover Merchants Bank.”

Pederson has been working in the Rochester area for the past 10 years and has helped commercial loan customers at Wells Fargo, Think Bank and US Bank.

“I’m excited to join Merchants Bank because it’s a true community bank with a strong focus on commercial banking,” Pederson said. “Merchants has earned its reputation as an area leader in building long-term relationships built on finding solutions for its customers.”

Pederson is active in the community and serves on the Board of the Southeastern Minnesota Center of Independent Living (SEMCIL). He has an undergraduate degree from the University of Wisconsin-Green Bay and an MBA from Augsburg College. Pederson was born and raised in Rochester.

Peach Cobbler from the Merchants Family Cookbook

 

BlogRecipe-PeachCobblerIngredients:

  • 1/2 cup butter or margarine, melted
  • 1 can (16 oz) sliced peaches, save liquid
  • 1 1/4 cups sugar, divided
  • 1 cup flour
  • 1 cup milk
  • 2 tsp banking powder
  • 1/4 tsp salt

 

Directions:

Pour butter into a shallow 2 quart baking dish; set aside. Drain peaches, reserving 1/4 cup juice. In a saucepan, bring the peaches and juice just to a boil. Meanwhile, in a mixing bowl, combine 1 cup sugar, flour, milk, baking powder and salt; mix well. Pour over butter in baking dish. Spoon hot peaches over batter. Sprinkle with remaining sugar. Bake at 400 degrees for 25 minutes or until cake tests done. Serve warm.

Yield: 6-8 servings.

 

Merchants Family Cookbooks are available at all Merchants Bank locations for $15. Proceeds benefit local food shelf programs.

Tami Krause Takes on Mortgage Lending Responsibilities at Merchants Bank in St. Charles

TamiKrausePromotion

Tami Krause has added Mortgage Lender to her responsibilities at Merchants Bank in St. Charles, according to Jim Allen, President for Merchants Bank in St. Charles.

“As a mortgage lender Tami will continue to show her dedication to our customers by providing them with the best possible service,”Allen said. “In her career, she has consistently shown that attention to detail and personal needs that our customers deserve and expect.”

Krause started her banking career with Merchants in 2002 as a lead teller. She has held various positions in her time with Merchants. In 2007, she took on Consumer Lending responsibilities. She will continue with her consumer lending responsibilities in addition to her new mortgage lending responsibilities.

“It’s a privilege to help people get into their next home –whether that’s a first, second, third or fourth home,”Krause said. “It remains a great time to buy or refinance a home. Rates are still low.”

Krause will be filling the mortgage lending role in St. Charles that had been filled by Rhonda Merchlewitz. Merchlewitz remains with Merchants Bank as a mortgage lender in Winona.

Kari Johnson Adds Mortgage Lending to Her Responsibilities at Merchants Bank in Rushford and Lanesboro

JohnsonKari

Kari Johnson, Personal Banker

Personal Banker Kari Johnson has added Mortgage Lending to her duties and will be helping customers with mortgage loans in both Merchants Bank’s Rushford and Lanesboro locations, according to Ken Graner, President for Merchants Bank in Rushford and Lanesboro.

“Our customers will benefit from Kari being able to help them with their mortgage loans. She has always embraced the chance to do what she can to help customers meet their goals, and I know she will excel in providing the best service to families in Rushford and Lanesboro,”Graner said.

As a Personal Banker, Johnson helps customers open new accounts and with consumer loans. Johnson joined Merchants Bank in November of 2013 after Merchants acquired the Rushford location from Associated Bank. Johnson has been in banking for 20 years.

“Helping customers with their mortgages is a better opportunity for our customers to receive the full-service solutions they deserve in our locations,”Johnson said. “With the current rate environment it’s a fantastic time for someone to refinance or purchase a home. I look forward to helping customers in any way I can.”

Rhonda Merchlewitz had been assisting customers with mortgage loans in Rushford, Lanesboro and St. Charles. Merchlewitz has moved to Merchants Bank’s Downtown Winona location.

Mike Swanson Promoted to Commercial Banker and Cash Management Specialist at Merchants Bank in Hastings

SwansonMike

Mike Swanson, Commercial Banker and Cash Management Specialist

Mike Swanson has been promoted to Commercial Banker and Cash Management Specialist at Merchants Bank in Hastings, according to Bruce Goblirsch, President of Merchants Bank in Hastings.

“I’m looking forward to working with business customers to help meet their goals on the lending side of the business and showing them how our Cash Management products may be able to help those businesses in ways they may not have expected,” Swanson said.

Swanson has been with the Merchants Bank organization for four years and in banking for 15 years. Most recently he served as the Senior Consumer Banker and Branch Manager in Merchants’ Lakeville location. He started with Merchants Bank in Apple Valley.

“Mike has been successful at every aspect of banking because he always puts the needs of customers first. I expect that he will do an exceptional job helping the businesses in and around Hastings,” Goblirsch said. “Plus, his understanding of how we can help businesses with Cash Management is really an incredible benefit as they make their money work smarter.”

Swanson will be part of the team supporting Merchants Bank locations throughout the Twin Cities –including Apple Valley, Lakeville, Cottage Grove, Rosemount and Hastings –with his Cash Management expertise. Merchants Bank’s Cash Management products and services are designed to save businesses time and money, protect against potential fraudulent activity and create opportunities for those businesses to grow. It is an area of focus for the Merchants Bank organization.