Mark Jangula has joined Merchants Bank Equipment Finance (MBEF) as Vice President and Senior Regional Finance Manager, according to Rick Barry, President of MBEF.
“Mark is a welcome addition to the Merchants team. He is an accomplished professional and highly regarded by his customers and peers. We know his experience and industry knowledge will complement our strong, customer-focused organization,” said Barry.
Jangula has 17 years of experience in the equipment finance and leasing industry with Wells Fargo Equipment Finance. For the past 11 years, he was a Territory Manager for equipment finance customers in Minnesota, North Dakota and South Dakota.
“I am excited to work with Merchants Bank Equipment Finance and help grow and expand the company’s geographic footprint. MBEF has a great reputation in the market, with a dedicated staff willing to work toward solutions that benefit the customer,” said Jangula.
Jangula brings additional experience to the position with this background in equipment finance underwriting and loan management. He is a graduate of Northern State University in Aberdeen, South Dakota.
MBEF primarily provides equipment lease and loan financing options to businesses throughout the U.S. MBEF finances tangible assets over terms of 2 to 10 years on equipment with values generally ranging from $50,000 to over $10 million. MBEF serves many industries, including construction, transportation, healthcare, manufacturing, food and agriculture.
Merchants Financial Group, Inc. (MFGI), the parent company for MBEF and which also owns 21 Merchants Bank locations in Minnesota and Wisconsin, has more than $1.6 billion in assets and is one of the largest independent financial organizations in its region.