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.

Massett Named Merchants Bank Regional President for Cannon Falls, Red Wing and Hampton

Dan Massett

Dan Massett

Red Wing financial leader Dan Massett has been named the new Regional President for Merchants Bank in Cannon Falls, Red Wing and Hampton, according to Merchants Bank President and Chief Banking Officer Greg Evans. Massett started his new position April 2.

“We’re excited to expand the depth of our leadership team with somebody who has significant familiarity with the markets of this important region and strong leadership experience,” Evans said.

Massett comes to Merchants Bank from Associated Bank in Red Wing, where he has been Community Bank President and had Regional Team Leadership responsibility for Business Banking with Associated, including oversight of markets in western Wisconsin, part of the Twin Cities metropolitan area and Rochester.

“Working with the leadership group, they gave me the feeling that Merchants is a strong community bank, and that’s where I feel I belong,” Massett said. “With nearly 25 years in banking, I bring a variety of banking experience to the table. My goal is to add value to every experience I have with customers.”

Massett grew up in Red Wing, graduating from Red Wing High School in 1987. He earned a degree in Organizational Management from Gustavus Adolphus College and began his banking career as a Business Banker with Norwest Bank in 1991, working with the organization as it transitioned to Wells Fargo. In 1998 he moved back to Red Wing to work for the Jones family at Goodhue County National Bank, which became Signal Bank. He has been with that Bank in Red Wing through the transition to Associated and until now.

Massett is committed to community banking and providing community leadership. Dan currently serves on the Board of Directors for the Jones Family Foundation, the Red Wing YMCA (Treasurer) and the Every Hand Joined Partner Table, a collective impact/community-wide initiative to enhance educational outcomes in Red Wing. He is a past Board member for the Red Wing Mayor’s Blue Ribbon Panel for Economic Development, the Red Wing Chamber of Commerce, and the Red Wing Port Authority. He has been active in the Red Wing Athletic Association and the United Way for Goodhue/Wabasha/Pierce Counties.

Massett will have offices in both Cannon Falls and Red Wing. Evans has been Merchants Bank’s President and Chief Banking Officer for all 21 locations since January 1. He had also continued his role as Regional President for Cannon Falls, Red Wing and Hampton until Massett’s hiring.

Matthew Schuldt Named President at Merchants Bank in Caledonia and Spring Grove

SchuldtMatt

Matt Schuldt

CALEDONIA/SPRING GROVE, Minn. – Caledonia native Matthew Schuldt has been appointed Market President for Merchants Bank in Caledonia and Spring Grove, according to Merchants Bank’s Southern Region President Jay Friedl.

Schuldt served as Interim President of First Community Bank in Lester Prairie, Minn., and also worked in other roles at the bank, including Vice President of Lending, working with consumer, agriculture and commercial lending customers.

“Matt’s experience will serve our Caledonia and Spring Grove customers very well as he helps them find the solution that is best for their individual needs,” Friedl said.

In addition to his experience at First Community Bank, Schuldt also spent eight years working with Eide Bailly, a public accounting and business advisory firm. He also volunteers as a youth wrestling coach.

“I’m excited to be a part of an organization so well thought of by community bankers throughout the state. Certainly, Merchants has the resources that make it possible to finance almost any sort of loan, but the strength of the organization is how it treats each customer like that person is the Bank’s only customer,” Schuldt said.

Schuldt started his new position in Caledonia and Spring Grove on February 24.

Jeff Carter Joins Merchants Bank in Cottage Grove as Vice President and Business Banker

CarterJeff

Jeff Carter

COTTAGE GROVE, Minn. – Jeff Carter has joined the team at Merchants Bank’s Cottage Grove location as a Vice President and Business Banker. He will lead the team in Cottage Grove, according to Twin Cities Regional President Lawrence Stovern.

“Jeff’s experience and ability will be a tremendous asset to our customers, our staff and business owners throughout the area,” Stovern said “He has a great understanding of commercial, consumer and SBA loans.”

Carter has more than 15 years of banking experience, including time at TCF Bank in Bloomington, and most recently at Drake Bank in St. Paul. He has a great deal of expertise in commercial and SBA loans.

“My knowledge will allow me to look closely at a business and suggest the best course of action that business can take for financing,” Carter said. “I look forward to continuing to help businesses achieve their goals, and to continuing to help our community grow through being involved.”

Carter recently completed his course work at the Graduate School of Banking in Colorado. He is a member of the Neighborhood Economic Development Association (NeDA) of St. Paul and the West St. Paul Kiwanis Club. He has a long history of working with and volunteering his time with community organizations.