New Staff and Promotions

Learn more about new team members and recent promotions.

SilvaHernandezAlejandraAlejandra Hernandez Silva has joined Merchants Bank as a Teller in Lakeville. Alejandra previously worked at Kohl’s as a Floor Associate. Alejandra is excited to be working at Merchants.

 

 

 

HussainGuledGuled Hussain Ali has joined Merchants Bank as a Teller at our Rochester Green Meadows location. Guled previously worked at Bakers Square as a Host and is also a volunteer soccer coach.

 

 

 

JensenBradyBrady Jensen has joined Merchants Bank as a Teller in Winona. Brady previously worked at St. Croix Airport Retail, Lunds & Byerlys and Bruegger’s Bagels. He is a freshman at Winona State University majoring in Marketing and a minor in Management. He is from Savage, Minnesota and enjoys being outdoors.

 

 

JohnsonCatherineCatherine Johnson has transferred in her role as a Part Time Teller from Red Wing to Lakeville. She will be moving to the Lakeville area this summer. Catherine has been with Merchants since 2015.

 

 

 

KinneyTimTim Kinney has joined Merchants Bank as a Teller in Onalaska. Tim previously worked at House on the Rock Resort as a Golf Sales Assistant. He is currently a sophomore at the University of Wisconsin – La Crosse. Tim is an avid sports fan and his hobbies include playing football, basketball, and soccer. He also enjoys spending time with friends, hiking, and traveling.

 

 

KringsMarcusMarcus Krings has transferred from his role as an Electronic Banking Representative to a Credit Card Specialist in Winona. Marcus has been with Merchants since 2012. He previously worked at Winona National Bank as a Lead Teller/Customer Service Representative. He is looking forward to learning a new area of the bank and is working hard to provide the same level of customer service people have come to expect.

 

 

StManeYeleanaYeleana St. Mane has transferred from her role as a Part Time Teller at our Rochester Green Meadows location to a Full Time Teller at our Rochester Northwest location. Yeleana has been with Merchants since July and previously worked at Michaels Restaurant for 12 years.

 

 

 

TealeArrie

Arrie Teale has joined Merchants Bank as a Teller in Winona. Arrie is a junior at Winona State University majoring in Business Administration and Human Resources. She previously worked at Festival Foods. Arrie loves to work out and is training for her fourth half-marathon. She also loves cats and hopes to own at least two of her own someday.

 

 

ThruneChrisChris Thrune has transferred from his role as a Part Time Teller to a Part Time Electronic Banking Representative in Winona. Chris has been with Merchants since 2013. He is currently a junior at Winona State University majoring in Finance with an Accounting minor.

May and June Events: Please Join Us

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For more information on upcoming events, visit our Facebook page.

5/21 Spring Grove Syttende Mai Parade: 1:30 p.m.
Located on Main Street in Spring Grove
6/1-6/15 Rushford Dairy Days Celebration: 10:00 a.m. – 2:00 p.m.
At Merchants Bank in Rushford

Please join us for cheese sticks and ice cream treats in our lobby to celebrate Dairy Days.

6/1 Spring Grove Music in the Park/Community Appreciation
Food served at 6:00 p.m., music starts at 6:30 p.m.

Join our Spring Grove staff for music in the park, a meal and ice cream treats and milk to celebrate June Dairy Days.

6/3, 6/10, 6/17 and 6/24 Hampton Dairy Days Celebration: 8:00 a.m.-6:00 p.m.
At Merchants Bank in Hampton

Please join us for root beer floats in our lobby to celebrate Dairy Days. 

6/12 Trinona Triathlon
At Lake Park in Winona 
6/13-6/30 Lanesboro Dairy Days Celebration: 10:00 a.m. – 2:00 p.m.
At Merchants Bank in Lanesboro

Please join us for cheese sticks and ice cream treats in our lobby to celebrate Dairy Days.

6/17 Caledonia Dairy Days Celebration: 10:00 a.m-2:00 p.m.
At Merchants Bank in Caledonia

Please join us for ice cream treats in our lobby to celebrate Dairy Days. 

6/17 Cannon Falls Dairy Days Celebration: 11:00 a.m.-2:00 p.m.
At Merchants Bank in Cannon Falls

Goodhue County Dairy Royalty will serve treats in our lobby. 

6/18 Cottage Grove Strawberry Fest Parade: 10:30 a.m.
Located on the corner of 80th and Jamaica Streets 
6/18 Rushford/Peterson Gammel Dag Days Parade: 1:00 p.m.
Located in Peterson 
6/18 26th Annual Winona Pancake Breakfast: 8:00 – 11:00 a.m.
At Merchants Bank Winona-Downtown

$5.00 per person • $17.00 per family • Children 6 and under FREE

Open to the public. Parking available in Bank parking lot, located at the corner of Third and Walnut Streets. Enter by driving East on Second Street. 

6/19 Winona Steamboat Days Grande Parade: 12:31 p.m.
Located on Broadway Street in Winona
 
6/24 Red Wing Dairy Days Celebration: 11:00 a.m.-2:00 p.m.
At Merchants Bank in Red Wing

Goodhue County Dairy Royalty will serve treats in our lobby. 

6/25 Lewiston Heartland Days Parade: 6:30 p.m.
Located on Main Street in Lewiston
 
6/28 Caledonia Music in the Park: 7:00 p.m.
At Veterans Memorial Park in Caledonia

Join our Caledonia staff for music in the park. We will be serving hot dog, chips, a cookie and a beverage starting at 5:00 p.m. 

 

Should You Choose a HELOC or Second Mortgage?

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If you’re planning for a large purchase, such as a home renovation, new car or college tuition, you might be considering using the equity in your home as a funding source. But how do you decide between a Home Equity Line of Credit (HELOC) or Second Mortgage? In addition to learning about the different terms, payment options and other variables, ask yourself these three important questions:

Fixed rate or variable rate: What’s your preference?
Some people prefer the stability of a fixed rate, which is available through a Second Mortgage, while a HELOC rate is variable. Your comfort level with a variable rate loan may push you toward one option or the other.

How are you planning to use the funds?
Since a HELOC or Second Mortgage can be used for a variety of purposes, it may seem hard to choose between the two. However, start by considering why you need the additional cash. In some cases, you might have very specific plans. For example, you know that you need $8,000 for your daughter’s wedding in June or $6,000 to purchase and install a new furnace.

When you have a specific dollar amount in mind, a Second Mortgage might make the most sense, especially if you aren’t planning to borrow again. If you need access to funds off and on over a longer timeframe and are unsure of the total cost, a HELOC may be the better choice. For example, if you have a home improvement project in the works or plan on payment for tuition over multiple years.

How would you describe your money management skills?
In addition to how you will use the money, it’s important to consider your own personal money management habits. For a simple comparison, think about how you might use a credit card.

Do you have a tendency to over-extend yourself financially when you have access to credit? If having an open-ended line of credit – like a credit card – and it makes it difficult for you to stay within your budget, a Second Mortgage could be the better option. With a Second Mortgage, you have a set payment schedule and repayment amount. This option provides more structure for those money managers who need, or prefer, it.

However, if you manage the outstanding balance on your credit card with discipline – by making regular payments and not carrying a large balance – a HELOC could be a reasonable option for you. With a HELOC, your monthly payment amount is based on your outstanding balance, so it changes as you use the line. A HELOC provides a lot of flexibility. For disciplined money managers, a Home Equity Line of Credit may be the right answer.

Our Personal Banking experts can also help you determine which type of loan is best for your situation. To get started, find your local Merchants Bank branch or apply online now:

Loans are subject to credit approval.