The economy continues to improve. One indicator we look at in banking is the increase in our lending portfolio.
Our lending portfolio continues to grow at Merchants Bank.
- Overall our lending portfolio has increased 15.7% through the first three quarter of 2014 compared to the first three quarters of 2013, where we had a very strong year compared to many other financial institutions.
- Commercial lending increased 16.3% across all of our locations.
- Ag lending has increased 12.9% and SBA lending has increased 16.3%.
The increase shows our expertise in and commitment to growing these important segments to help make the places we live better.
Contact a Business Banker today to learn more about business financing and leasing options at Merchants Bank. Subject to credit approval.
Are you planning a trip out of state this holiday season? It’s important for you to contact Merchants before you leave to ensure the best service while you are out of town. If you make purchases in a state or country where you don’t normally use your Merchants Bank debit or credit card, we may think these transactions are fraudulent unless we know otherwise.
When contacting the Bank regarding your travel plans, we will ask for the following information:
- Dates of your trip(s)
- Exact travel locations
- How we can contact you while you’re gone
If you have a Merchants Bank Debit Card – Please call us at (800) 944-6285 and ask to speak to a Customer Service Representative about your travel plans.
If you have a Merchants Bank Credit Card – Please call us at (800) 944-6285 and ask to speak to our Credit Card department about your travel plans.
We strongly recommend that you carry more than one form of payment during your trip. Interruptions within any card network are always a very real possibility. Carrying multiple forms of payment reduces frustrations when trying to complete a needed purchase.
If Merchants Bank could be embodied in a person, it would be Pete Roehl. He was decent, caring, kind, loyal, sincere, dedicated to helping others, committed to always doing the right thing and a leader. As President and CEO of Merchants Bank and Merchants Financial Group from 1986-2000, he oversaw Merchants’ growth from $167 million to $500 million.
When, at the age of 79, his heart stopped beating on August 27 of this year, the Merchants Bank family lost a person who helped shape the culture of the Bank into what it is today – a true community bank where employees take leadership roles in making our communities better places to live, and where those employees take pride in knowing their customers by name.
One of Pete’s many gifts was the ability to make you know you mattered. When he asked how you were, he wanted the real answer – good or bad – because he cared.
Asked about his success a number of years ago by the Winona Daily News, Pete said: “I think my successes stem from a real and sincere caring for people. I like people. If you respect them, they feel that and give it back to you.”
Pete was at Merchants for 33 years in total, beginning in 1968 as a business banker. After his retirement in 2000, he continued to serve on the Board of Directors until he turned 75 and then as a Director Emeritus. His legacy continues in many ways, including through his grandson Ryan Meyer, who works in the Bank’s Operations department.
Our world was better because he was here with us. We will miss him, and we pledge to continue to honor and celebrate his memory every day through our actions.