Jon Marley Named Market President for Merchants Bank in St. Charles

Jon Marley, Market President/Ag & Commercial Banker

Experienced Ag/Commercial Banker, Jon Marley has been named the new Market President for Merchants Bank in St. Charles, according to Andrew Guzzo, Winona & Southeast Regions President.

“Jon brings a broad and deep agriculture centric background to Merchants, which will be critical to his role in St. Charles. Moreover, he embraces the community service culture that Merchants Bank embodies,” said Guzzo.

Marley has 30 years of commercial/ag banking and sales experience. In addition to working for two community banks in Indiana, he was a crop mix and hog farmer for more than three decades. Marley was most recently the Community Market President for Salin Bank and Trust in Indianapolis. He was also previously a Seed Dealer and Crop Insurance Agent for Pioneer Hi Bred International.

“I’m proud to say I’ve been in farming for more than 30 years, ever since my dad bought a farm when I was in elementary school,” said Marley. “I’m looking forward to being a resource for Merchants Bank ag and business customers and becoming a part of the St. Charles community.”

Marley attended Purdue University, earning a Bachelor of Science in Agricultural Economics. He and his wife, Julie, will be relocating to the St. Charles area and are looking forward to becoming involved in the community. His hobbies include reading and gardening and he also enjoys spending time with his four grown children.

Since 1989, Merchants Bank has been a community partner in St. Charles helping individuals, businesses and farmers achieve their financial goals. With a focus on personal deposits and ag/business financing, Merchants has been fortunate to grow with the St. Charles community. 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 in southeastern Minnesota, two bank locations in west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.1 billion in assets. Merchants was founded in 1875.

Jarett Jones Joins Merchants Bank as Vice President/Commercial Banker

Jarett Jones, Commercial Banker

Jarett Jones has joined Merchants Bank as Vice President/Commercial Banker, according to Dan Nistler, President for Merchants Bank in Rochester.

“We’re pleased to be expanding our business team in Rochester to serve the needs of local businesses as a trusted financial advisor. With Merchants’ growth in Rochester, Jarett’s knowledge of the local market will be an asset as we continue to help business clients navigate the economic changes at this time,” said Nistler.

Jones brings more than 20 years of commercial and small business banking experience in the Rochester and Southern Minnesota markets to Merchants Bank. He was previously a Commercial Banking Team Lead and Business Relationship Manager for Wells Fargo in Rochester and also worked for Eastwood Bank (now part of Bremer Bank) in Stewartville.

“I’m looking forward to serving clients through Merchants community-focused approach. I want to do my part as a community banker to help our local businesses during this time,” said Jones.

Jones is a graduate of Winona State University and Rochester Community College and is an active volunteer in several communities. He currently serves on the Board of Directors for the Stewartville Nursing Home and the Winona Area Industrial Development Association. In addition, he is a volunteer firefighter for the Stewartville Fire Department. He, his wife and two daughters reside in Stewartville. During the winter, he is an avid snowmobiler and enjoys downhill skiing with this family.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Treasury Management and deposit services.

Merchants Bank is a full service community bank with 21 bank locations in southeastern Minnesota, two bank locations in west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.1 billion in assets. Merchants was founded in 1875. Loans are subject to approval.

Steve Christopherson Named Commercial Banking Department Leader for Merchants Bank-Winona and Senior Lending Officer for the Bank’s Winona Region

ChristophersonSteve

Experienced Senior Lender/Commercial Banker, Steve Christopherson has been named Commercial Banking Manager in Winona and Senior Lending Officer for the Winona Region, according to Andrew Guzzo, Winona and Southern Region President. Christopherson will replace current Commercial Banking Manager/Senior Lending Officer, Randy Domeyer, who will be retiring in April.

“We are thrilled to have Steve join our team to provide leadership for our Commercial Banking area and continue the personalized advisor approach we take in caring for our valued business clients,” said Guzzo.

With more than 35 years in commercial banking, Christopherson is a seasoned leader in the financial industry. He was most recently the Market President for Old National Bank in Maple Grove and Waconia and also spent more than 20 years with U.S. Bank in various lending and leadership roles. Christopherson has management experience overseeing business and retail banking operations, credit analysis and credit support and a Small Business Administration (SBA) financing division. His wealth of knowledge in a wide array of commercial banking areas, including ag lending, will help Merchants Bank continue to best serve business clients.

“Being able to make a difference for businesses and knowing I can have an impact on the community as a banker is important to me – and that’s also important to Merchants Bank. I’m looking forward to being part of a community-focused, progressive and financially strong organization,” said Christopherson.

Christopherson attended North Dakota State University, earning a Bachelor of Science in Agricultural Economics and Agribusiness. He also holds a Mini-MBA from the University of St. Thomas in St. Paul, MN. He and his wife, Leann, have relocated to the Winona area and are looking forward to becoming involved in the community. They have three grown daughters, two of whom attended college in Winona. His hobbies include pheasant hunting, golfing and snowmobiling.

The Merchants Bank Commercial Banking team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Treasury Management and deposit services.

Merchants Bank is a full service community bank with 19 bank locations in southeastern Minnesota, two bank locations in west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. As the parent company for Merchants Bank, Merchants Financial Group, Inc. (MFGI) also owns the First National Bank of Northfield, with two banking offices in Northfield and a loan production office in Bloomington, MN. Headquartered in Winona, MN, MFGI has more than $2.1 billion in assets. Merchants was founded in 1875. Loans are subject to approval.

Get Your Business in Gear for the New Year

HappyNewYear

The new year can mean many things for your business. What will the next 12 months look like? Do you have goals for your business and how you plan to get there? Now is the time to review your past financial performance and make plans for the upcoming year.

With this in mind, we’ve put together five financial New Year’s resolutions to help your business make this one of the best years yet.

1. Review Last Year’s Financial Highlights

How did your business perform this past year? At the most basic level, you should review your business income, expenses, profit and sales.

In addition, ask yourself these questions:

  • How do these numbers compare to last year? Are they better or worse and by how much?
  • Do these numbers align with my business projections for the upcoming year? Why or why not? Are there new income or expenses that should be accounted for?
  • In what area(s) of my business did I see the most growth?
  • What lessons can I learn from last year’s business data?

2. Set New Goals
Goal setting does not have to be complicated, especially now that you’ve taken the time to review key numbers from the past year.

It’s as simple as writing down 2 or 3 things you’d like to see your business achieve this year. It could be a goal to reduce expenses in a certain area, to produce a new product or hire additional expertise.

The most important part about goal setting is to be specific so you can measure your success throughout the year. Attaching time frames, numbers, steps it will take to meet your goal and other details can help you know if you’re on track or not.

Once you’ve established your goals, here’s a fun way to keep them top of mind from the SCORE business blog.*

3. Update Software and Processes

Payroll and other business processes can be affected by the change to a new year. Make sure your systems are up-to-date and ready for the new year. It’s also a great time to review your security protocol and procedures, especially if your business collects personal information from your customers.

4. Check in With Your Business Team
Catch up with your accountant, tax advisor, lawyer and banker at the beginning of the new year. Communication between you and your team of expert advisors can be crucial to your business’s success. After all, they want your business to succeed just as much as you do.

“During this time of the year, I like to check in with my business customers and see how they felt about the past year’s performance and what’s on tap for the upcoming year,” said Mike Swanson, Commercial Banking Officer in Hastings. “For example, what went well for them last year and what didn’t? Are there any new opportunities or internal changes coming? It’s about keeping the lines of communication open, so I can provide the best solutions going forward.”

As you share your upcoming business plans, your team can also provide updates on things that may affect your business. For example, there may be new taxes or loan programs, changes to business laws and much more.

5. Celebrate Small Successes

We’ve saved this resolution for last, but it’s certainly one of the most important – you deserve to celebrate your business’s successes. Being a small business owner can feel like a never-ending job, so take a minute to give yourself (and your team) some kudos. Celebrating small successes are the steps to celebrating larger ones!

Our team of Commercial & Ag Bankers and Treasury Management Specialists are ready to talk about your business plans. Visit our website to meet our local experts.

 

*By clicking above you will be linking to another website not owned or operated by Merchants Bank, NA. Merchants Bank, NA is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. We encourage you to review their privacy and security policies which may differ from Merchants Bank, NA.

Randy Bachman Promoted To Consumer & Commercial Banking Officer

BachmanRandy

Randy Bachman has been promoted to Consumer & Commercial Banking Officer at Merchants Bank, according to Twin Cities Regional President Lawrence Stovern.

“Randy is already so familiar with the Cottage Grove business community through his role as Branch Manager and involvement with the local Chamber of Commerce,” said Stovern. “With the addition of commercial banking to his skill set, he’ll be able to help business with all of their financial needs from treasury management to financing.”

Bachman has been in banking for more than 10 years. He began his career at Merchants Bank in 2012 as a Personal Banker. Since then he has been promoted to Personal Banking Manager in 2012 and most recently became a Consumer Banker and Branch Manager in 2016.

“Moving into commercial banking was a natural next step for me since I already work with businesses for their deposit accounts and services. I’m excited to now be able to walk business customers through traditional financing options and help meet specialized needs like floor plan financing and leasing,” said Bachman.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Treasury Management and deposit 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 nearly $2 billion in assets and was founded in 1875.

Rick Jaacks Joins Merchants Bank as Vice President/Commercial Banker

Rick Jaacks, Commercial Banker

Rick Jaacks has joined Merchants Bank as a Vice President/Commercial Banker, according to Randy Domeyer, Senior Vice President and Commercial Banking Manager for Merchants in Winona.

“Rick’s extensive background in commercial lending will complement our already talented team,” said Domeyer. “He truly understands the personalized approach to banking that makes a difference for our business customers.”

With a banking career that spans more than 30 years, Rick brings strong experience in commercial and ag lending, treasury management and credit quality management to Merchants. He was previously a Business Development Officer for Community Bank and Trust in Iowa and has spent most of his career working for community banks. Rick is also a Small Business Administration (SBA) lending expert.

“Being a community banker is a privilege and I’m looking forward to continuing to embrace the community banking philosophy that’s been so important to Merchants Bank’s success. It’s about getting to know my customers’ individual needs and adding value as their financial partner,” said Rick.

In Iowa, Rick was actively involved with Waterloo Main Street, multiple commissions for the City of Waterloo, served as a Board Member for the North East Iowa Food Bank and looks forward to becoming involved in the Winona community as well. He and his wife, Heather, will be relocating to Winona.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Treasury Management and deposit services.

Merchants Bank is a full service community bank with 21 branches in southeastern Minnesota and west-central Wisconsin. Headquartered in Winona, MN, the Bank has more than $1.76 billion in assets and was founded in 1875. Loans are subject to approval.

Melissa Peterson Joins Merchants Bank as Vice President & Commercial Banker

Melissa Peterson, Commercial Banker

Melissa Peterson has joined Merchants Bank as Vice President/Commercial Banker, according to Larry Accola, Market President for Merchants Bank in Eau Claire.

“Melissa’s unique background in both banking and accounting will provide a beneficial perspective for our business clients,” said Accola. “She’s committed to working with businesses and understands the many unique financial challenges they face.”

Peterson has more than 20 years experience in the financial industry, including 10 years in banking. She was most recently the President for First Security Bank in Detroit Lakes. Peterson is a Certified Public Accountant and also a former Chief Financial Officer.

“My background enables me to bring a lot of value to my business customers and truly be a partner in meeting their financial needs. Part of the reason I chose to join Merchants is their unique community banking philosophy and the importance they place on building relationships with customers,” said Peterson.

Peterson has a Master of Business Administration in Accounting. She and her husband, Paul, and their son will be relocating to the Eau Claire area.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in SBA loans, floor plan financing and equipment lease financing and ag banking. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Cash Management services.

Merchants Bank has 21 locations, including Wisconsin locations in Eau Claire and Onalaska and Minnesota locations in Winona, Goodview, St. Charles, Rochester, Caledonia, La Crescent, Spring Grove, Rushford, Lanesboro, Red Wing, Cannon Falls, Hampton as well as Twin Cities locations in Lakeville, Apple Valley, Cottage Grove, Hastings and Rosemount. Merchants Bank was founded in 1875. Merchants Bank Equipment Finance, the company’s leasing arm, is based in the Twin Cities.

David Pierret Joins Merchants Bank as Vice President and Commercial Banker

Dave Pierret, Commercial Banker

David Pierret has joined Merchants Bank as a Vice President/Commercial Banker, according to Randy Domeyer, Senior Vice President and Commercial Banking Manager for Merchants in Winona.

“Dave’s extensive experience in commercial lending and building customer relationships will be extremely valuable to our business clients,” said Domeyer.

Pierret has more than 20 years of experience in the banking industry and has specialized in commercial banking for the past 14 years. Prior to joining Merchants, he was Business Banking Manager and Vice President at Winona National Bank.

“As part of the Merchants team, I’m looking forward to continuing to work with businesses in Winona and surrounding communities,” said Pierret.

Dave is a member of the Winona Rotary Club and Economic Development Committee for the Winona Area Chamber of Commerce. He and his wife, Becky, reside in Winona.

The Merchants Bank Commercial Lending team is comprised of more than 40 local experts, available throughout our regional footprint. In addition to traditional commercial loans, Merchants bankers specialize in ag banking, SBA loans, floor plan financing and equipment lease financing. As a regional banking leader, Merchants can assist businesses of any size with their business financing needs, including Cash Management services.

Merchants Bank has 21 locations, including Minnesota locations in Winona, Goodview, St. Charles, Goodview, Rochester, Caledonia, La Crescent, Spring Grove, Rushford, Lanesboro, Red Wing, Cannon Falls, Hampton as well as Twin Cities locations in Lakeville, Apple Valley, Cottage Grove, Hastings and Rosemount. Merchants has Wisconsin locations in Eau Claire and Onalaska. Merchants Bank was founded in 1875. Loans are subject to approval. Merchants Bank Equipment Finance, the company’s leasing arm, is based in the Twin Cities.

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.

Q&A with Two Business Banking Experts: Meet Annette Bleninger & Jeff Carter

Q&A-Annette&Jeff

Did you know we have over 40 Commercial Bankers and Treasury Management experts available to help your business? At every local branch, you’ll find a Commercial Banking team ready to get to know your business and provide meaningful financial solutions.

This month we’re meeting two of the team who serve our clients in the South Metro area:

  • Jeff Carter, Commercial Banker in Cottage Grove and Hastings
  • Annette Bleninger, Treasury Management Sales Officer and Certified Treasury Professional (CTP) in Rosemount

Read on to learn more about Jeff, Annette and how they approach working with business customers every day.

Share a little about your background and banking career

Annette: I have worked in financial services for over 20 years, with more than 14 of those years in Treasury Management. I started with Merchants Bank in September of 2017 and am very happy to be with a community bank that really strives to find meaningful, valuable solutions for our business customers.

Jeff: Likewise, I have been in the financial services industry for over 20 years, with 15 years in commercial lending. I joined Merchants in 2013 and have spent most of my career in community banking culture, where my passion lies.

What do you like most about your job?

Annette: I really enjoy the variety of customers that I meet when we go out to visit businesses. It is so interesting to hear about your passion and see your facility. Having that background knowledge and relationship really helps us work together to create the most efficient Treasury management plan for your situation.

Jeff: Getting to know you, our business customer, is one of the most rewarding parts of my job as well. I really enjoy creating relationships with business owners. At the end of the day, I strive to bring you value – whether that’s products, services or counsel – to help you succeed. I hope these relationships are lifelong and meaningful.

What kinds of business do you typically work with and how do you help them?

Jeff: The beautiful thing about community banking is that we can help every business in our community.

Annette: Yes, that’s definitely true. I work with businesses of all sizes and variety every day. Treasury management solutions can be used by any business – big or small. I help businesses like yours come up with plans to make their day-to-day processes more efficient, reduce the potential for check or electronic fraud, while allowing them access to their cash as needed.

Jeff: In addition to Treasury Management services, we also have deposit accounts to help your business with daily financial needs and grow your money. We even offer business checking account analysis, free of charge, whether your account is with us or elsewhere. We know the needs of a business change over time and we want to be sure you’re in the account that best serves your needs.

Then on the loan side, we can provide smart solutions to leverage capital and grow your business. No matter where you are on your business journey, from start-up to expansion, we have the products and expertise to assist you at any stage.

What do smart business owners do?

Annette: Security is a big concern for our customers, so I think smart business owners make information security a priority. You can start small. One of the most important things a business can do is monitor their daily activity in their accounts to catch fraudulent activity early. Whether you are using our fraud management products (like Positive Pay), or managing it on your own through daily monitoring in online banking, it is a critical function.

Jeff: For me, smart business owners understand the value of a relationship with their key financial partners (ie: banker, CPA, attorney, insurance agent, etc) and will learn how we can all work together to assist in their success. Consistent communication and collaboration amongst your key sphere of influence can keep you on track and uncover unforeseen obstacles and opportunities.

What is something not many businesses know about working with Merchants Bank?

Jeff: Merchants is large enough to provide the level of products and services every business needs but is culturally small, meaning, the focus is on local bankers creating local relationships to support the communities that we serve.

Annette: Along the same lines, I think it’s important to note that we are most interested in finding solutions that work for your business and help you succeed. We are not here to pressure you into using and/or paying for products that may not be the best fit for your needs.

How would you describe your team approach to working with businesses?

Annette: I typically work very closely with our Commercial Bankers. As one of our business customers, we try to help you understand each team member’s main area of expertise, but we are always willing to take your call and direct it to the correct person. You will never hear “that’s not my job” at Merchants Bank.

Jeff: The Merchants Commercial Banking team brings you many areas of expertise, which include our lenders, Treasury management experts, lending assistants, credit analysts, and more. We are very supportive of one another and team up to provide assistance and bring more value to you.

What does community banking mean to you?

Annette: Community banking means being a trusted partner for our business customers. We truly get to know you, your business, and your needs and expectations so we can be proactive instead of reactive with our approach.

Jeff: To echo what Annette said, community banking is all about relationships and value. As Bankers, we need to know our customers by building relationships in order to provide the most valuable solutions for their situation so they are successful. We live in the communities we serve and successful businesses build strong communities. We do it together.

Learn more about business and commercial banking at Merchants Bank:

 

Loans are subject to credit approval.