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.

Dan Nistler to Lead Merchants Bank Locations in Rochester

Dan Nistler, Market President

Dan Nistler has been promoted to Market President at Merchants Bank in Rochester, according to Dan Massett, Regional President.

Nistler’s primary responsibilities will be to provide leadership for Merchants Bank’s two Rochester locations, along with meaningful community engagement for the Rochester area. He will also continue serve as a Commercial Banker and trusted financial advisor for business clients. Nistler succeeds John Doyle, who will be retiring as the Rochester Market President for Merchants at the end of 2018. Doyle has led the growth of Merchants in Rochester since Merchants entered the market in 1999.

“Dan is a proven business developer and has over 20 years of community leadership in the market,” said Massett. “He is eager to continue building the Merchants Bank presence in the Rochester area.”

Nistler has been with Merchants since 2013 and has been a banker in the Rochester area since 1999. He is a US Navy veteran, serving on the USS Salt Lake City (SSN-716), and graduated from Winona State University with a bachelor’s degree in Finance.

“Merchants Bank has an iconic position in the region as a banking leader and I’m grateful for the opportunity to play a leadership role in Rochester,” said Nistler. “The Rochester area has a bright future and I think Merchants is well positioned to play a key role the community’s future growth.”

Dan and his wife, Carole, have lived in Rochester since 1998. Their daughter Natalie is currently attending the University of Minnesota. Nistler is an active Rochester community volunteer. He was previously involved with the Rochester Rotary Risers and Rochester Area Family YMCA and currently volunteers his time for the Gamehaven Council (BSA), St. Francis Catholic Church, Rochester Catholic Schools, KSMQ Public Television and Winona State University-Rochester Advisory Group. He enjoys spending time in his hometown of Ely, MN whenever he can, especially on the lakes of the Boundary Waters.

Since 1999, Merchants Bank has been a community partner in Rochester, with two locations to help individuals and businesses achieve their financial goals. With a focus on mortgage and business financing, Merchants has been fortunate to grow as Rochester has grown. 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, cash management tools and wealth management services.

Merchants Bank has 21 locations, including Minnesota locations in Rochester, Winona, Goodview, St. Charles, Goodview, 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.