Notify Us of Travel Plans

Travel plans for Independence Day? Let us know if you’ll be traveling out of the tri-state area to ensure your Merchants Bank debit or credit cards continue to work. Submit a travel alert in Online & Mobile Banking or call us at (866) 496-0522. Have a safe holiday!

Welcome to Merchants

Merchants Financial Group, Inc. is the holding company for Merchants Bank, NA. Founded in 1875 and headquartered in Winona, MN, Merchants is a full-service community bank with:

  • Total assets of more than $2.82 billion, making us one of the largest independent financial organizations in our region.
  • 20+ locations in Minnesota and Wisconsin and an equipment finance division.
  • A strong retail mortgage and correspondent mortgage banking network partnering with more than 100 correspondent bank locations throughout ND, SD, MN, IA and WI, servicing more than $2.65 billion in mortgage loans.
  • Local ownership by our employees through our Employee Stock Ownership Plan and approximately 760 individuals and families mostly from communities we serve.
  • A history of strong regulatory capital and consistent dividend payments.

If you have questions or would like more information about Merchants Financial Group, please contact us or call (507) 457-1135.


Financial & Shareholders Resources

2021 Annual Shareholder Meeting

Held on Thursday, April 14, 2022


Merchants Financial Group Board of Directors

Richard Lommen, Jr. Headshot

Richard Lommen, Jr.

Chair of the Board

President & Owner, Courtesy Corporation

Ann Merchlewitz Headshot

Ann Merchlewitz

Vice Chair of the Board

Senior Vice President & General Counsel, St. Mary's University of Minnesota

Michael Cichanowski Headshot

Michael Cichanowski

Chief Executive Officer, Wenonah Canoe, Inc.

Greg Evans Headshot

Greg Evans

President & Chief Executive Officer, Merchants Financial Group, Inc. and Merchants Bank, NA

Molly Jungbauer, CPA Headshot

Molly Jungbauer, CPA

CEO and Co-Owner, Hollstadt Consulting

John Killen Headshot

John Killen

Senior Vice President. Hardgoods & President, WinCraft a Fanatics brand

Brad Peterson Headshot

Brad Peterson

Chairman, Mississippi Welders Supply Co., Inc.

James Rogers III Headshot

James Rogers III

Chief Business Development Officer, Mayo Clinic

Bruce Ryan Headshot

Bruce Ryan

President, Ryan Windows & Siding, Inc.

James Trenda, CPA Headshot

James Trenda, CPA

President, CP Advisors, LLC

Merchants Bank Charter Board of Directors

Richard Lommen, Jr.

Chair of the Board

President & Owner, Courtesy Corporation

Ann Merchlewitz

Vice Chair of the Board

Senior Vice President & General Counsel, St. Mary's University of Minnesota

Michael Cichanowski

Chief Executive Officer, Wenonah Canoe, Inc.

Greg Evans

President & Chief Executive Officer, Merchants Financial Group, Inc. and Merchants Bank, NA

Richard Falck

Owner, Falck Financial Services & President, RJF, Inc.

John Killen

Senior Vice President. Hardgoods & President, WinCraft a Fanatics brand

Timothy Murphy

Partner, Murphy Law Office, PLLP

Brad Peterson

Chairman, Mississippi Welders Supply Co., Inc.

Bruce Ryan

President, Ryan Windows & Siding, Inc.

Jennifer Sawyer

Founder & Partner, Rebound Partners & CEO/President, boardBOS

James Trenda, CPA

President, CP Advisors, LLC

North Region/Cannon Falls Area Advisory Board

John Althoff

Retired Owner, Althoff Hardware Mayor of Cannon Falls

Leslie Anderson

Farmer & Real Estate Broker, Anderson Realty, LLC

Lisa Lundell

Agent, RE/MAX Cannon Realty

Richard Peterson

Owner, Peterson Turkey Hatchery, Inc.

Mark Poss

Chief Executive Officer, Red Wing Publishing

Brenda Stelter

Owner, Anchor Promotions, Apparel & Signage

North Region/Northfield Advisory Board

Cheryl Buck

Director-Business Development Professional Risk Managers' International Association

Matt Christensen

Commercial Risk Advisor/Sales Manager, WA Group

Richard Falck

Owner, Falck Financial Services & President, RJF, Inc.

Chris Kennelly

President, Northfield Construction Company, Bluewater Properties, G&H Management

Jennifer Sawyer

Founder & Partner, Rebound Partners & CEO/President, boardBOS

North Region/Twin Cities Area Advisory Board

Peggy Johnson

Community Relations Director, Dakota Electric Association

James Trenda, CPA

President, CP Advisors, LLC

Richard Welshons

President, DCA Title

South Region/La Crosse Market Area Advisory Board

Dean Ashbacher

President & Chief Executive Officer, Truss Specialists, Inc.

Derek Cortez

CEO, Chileda Institute, Inc.

Stephen Loehr

Vice President of Operations Support, Kwik Trip, Inc.

Richard Lommen, Jr.

President & Owner, Courtesy Corporation

South Region/Rochester Advisory Board

John Beatty

Attorney, Dunlap & Seeger, PA

Aaron Benike

President, Benike Construction

Joselyn Raymundo

Founder/CEO, Rochester Home Infusion (RHI)

James Rogers, III

Chief Business Development Officer, Mayo Clinic

Bruce Ryan

President, Ryan Windows & Siding, Inc.

South Region/Rural Market Area Advisory Board

John Diersen

Owner & Farmer, Minnigan Hills Farm

Creighton Horihan

Owner, Horihan Agency

Timothy Murphy

Partner, Murphy Law Office, PLLP

Joel Nelson

Owner, Lanesboro Sales Commission & Decorah Sales Commission

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