Jerad Brown Promoted To Commercial/Ag Banking Officer

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Jerad Brown has been promoted to Commercial/Ag Banking Officer according to Ken Graner, Market President for Merchants Bank in Lanesboro and Rushford.

“Jerad goes above and beyond to build personal relationships with his ag and business customers. It’s important to him to understand the unique aspects of each business or farming operation so he can recommend financing solutions that make sense and help the business reach their goals,” said Graner.

Brown has been in the banking industry since 2015 and began his career as a credit analyst. In 2017, he joined Merchants Bank in Lanesboro and Rushford as a Commercial and Ag Banker. He has a degree in Agricultural Science from South Dakota State University. Brown is a Rushford native and graduated from Rushford-Peterson High School.

“Getting to know my customers and visit their operations is the best part of my job. I like working with my friends and neighbors and knowing that I’m making a positive impact on our local economy,” noted Brown.

Since 2013, Merchants Bank has been a community partner in Rushford and Lanesboro, helping individuals and businesses achieve their financial goals. With an expertise in personal and business deposit account solutions and business and ag financing, Merchants has been fortunate to have a hand in growing the local economy. In addition to traditional banking services, the Bank also offers a full line of business loan, lease and floor plan finance solutions, digital banking, security apps, treasury management tools and wealth management services.

Merchants Bank is a full service community bank with 21 bank locations and one loan production office in southeastern Minnesota and two bank locations in west-central Wisconsin. Headquartered in Winona, MN, the Bank has more than $2 billion in assets and was founded in 1875. Loans are subject to credit approval.

Kaleb Storm Joins Merchants Bank as a Commercial and Ag Banker

Kaleb Storm

Kaleb Storm has joined Merchants Bank as a Commercial and Ag Banker, according to Randy Domeyer, Senior Vice President and Commercial Banking Manager for Merchants in Winona.

“Kaleb’s experience in commercial and ag lending will be a benefit to his customers and add strength to our team here at Merchants,” Domeyer said.

Storm brings industry experience in banking as a Commercial and Ag Banker, as well as a credit analyst, from Unity Bank, working both in Wisconsin and Minnesota. He has experience in both SBA (Small Business Administration) and FSA (Farm Service Agency) loans.

Storm also brings practical experience in agriculture, which will help him understand the needs of his customers first-hand. He worked on the family farm near Westby growing up and looks forward to continue helping family in the St. Charles and Dover area. He has also worked as a Vineyard Manager, again near Westby.

“I understand what’s important in making a good loan, and I understand and appreciate the value of hard work,” Storm said. “The values that I have are consistent with Merchants’ values, and that was important in my decision to join this organization.”

Storm has a degree in Business Administration/Business Finance from the University of Wisconsin-Eau Claire.

“I look forward to getting to know the area and the people who make this a special place,” Storm said.

Merchants Bank has 21 locations, including its locations in Winona, Goodview and other Minnesota locations in St. Charles, 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. Loans are subject to approval. Twin Cities-based Merchants Bank Equipment Finance is also a division of Merchants Bank, N.A.

Jerad Brown Has Joined Merchants Bank in Rushford and Lanesboro as a Commercial and Ag Banker

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Jerad Brown, Commercial & Ag Banker

Area native Jerad Brown has joined Merchants Bank in Rushford and Lanesboro as a Commercial and Ag Banker, according to Ken Graner, President for Merchants Bank in Rushford and Lanesboro.

“Jerad has the right mix of experience, interest and personality to be successful as a banker and, more importantly, to help our customers grow,” Graner said. “His work in credit analysis and his interest and experience in business and ag will be a benefit to the people he serves.”

For the past two years, Brown has worked with Rushford State Bank as a credit analyst, looking at agriculture and commercial loans, including an emphasis on the Farm Service Agency (FSA) guaranty program. A graduate of Rushford-Peterson High School and South Dakota State University, he served as a member of the South Dakota State University Livestock Judging Team. At SDSU, Brown majored in Agriculture Science and had minors in Animal Science and Agriculture Business.

“The people who live here are my neighbors. I know what’s important to them, and I know how important it is for our local economy for our farms and businesses to succeed,” Brown said. “I look forward to putting my knowledge and energy to work for Merchants Bank and our customers.”

Commercial, Ag and SBA Lending Trends

The economy continues to improve. One indicator we look at in banking is the increase in our lending portfolio.

GraphOur 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.