Brad Peterson, Chairman & Chief Acquisition Officer for Mississippi Welders Supply, was elected to the Merchants Bank Charter Board of Directors at its April 16 annual reorganizational meeting, according to Scott Biesanz, Chairman of the Charter Board of Directors.
After graduating from Northwestern University, Brad served in the United States Navy for eight years as a nuclear engineer, surface warfare officer and instructor. Since 1991, he has held leadership positions with Mississippi Welders Supply, a retail and wholesale distributor of welding and industrial supplies, specialty gases, metal fabricating and fire safety equipment. Peterson was named President/Owner of the company in 1999, Chief Acquisition Officer in 2013 and Chairman in 2014.
“Because of his extraordinary leadership experience and business acumen, Brad will be a tremendous asset to our Board as Merchants continues to grow,” Biesanz said. “As the head of an industry leading organization like Mississippi Welders Supply, Brad will contribute insights on business trends throughout our region and a helpful perspective on finding the right balance of traditional business and technology services to enhance company growth.”
Peterson is an active community leader and volunteer. He currently serves as a board member for the Winona Area Industrial Development Association and Independent Welding Distributors Cooperative. He is the President of the Gases and Welding Distributor Association and a member of the American Welding Society and Society of Manufacturing Engineers.
“Community banks play an important role in our local economy and Merchants’ strong position in the region cannot be undervalued,” said Brad. “I’m looking forward to helping provide leadership and strategic direction with such a talented group of board members.”
Peterson lives in Winona with his wife, Gaby. They have two sons. Sam is a Mechanical Engineer in Minneapolis and Chandler is a Sophomore at Loyola University Chicago.
The Merchants Bank Charter Board of Directors is responsible for the fiduciary duty to carry on the business of banking and for providing oversight and strategic direction for Merchants while ensuring the safety and soundness of the organization. The Charter Board also provides general counsel associated with Merchants’ commitment to be a recognized community leader throughout the Bank’s service footprint in alignment with its community banking charter.