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Friday, August 1st, 2014
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Merchants Financial Group, Inc. reports net income ahead of plan and last year for the first half of 2014


Thu, Jul 31st, 2014
Posted in All Business Announcements

WINONA, Minn. – Merchants Financial Group, Inc. (MFGI) reported net income of $6,948,081 for the first six months of the year. The income is both ahead of plan and ahead of last year’s income of $6,104,872 for the first half of the year, according to MFGI President & CEO Rod Nelson.

Nelson pointed out that MFGI has continued its focus on credit quality and has experienced significant loan growth. Mortgage activity, while not at the levels of the past several years, also contributed positively to growth.

“Our growth was excellent across our entire organization. All of our regions finished the first half of the year above plan,” Nelson said. “I believe it is a direct result of the service-oriented approach that all of our employees embrace when interacting with our customers and co-workers.”

Nelson said that as he looks forward to the remainder of the year, he expects continued strong performance, including achieving planned income for the last six months of the year.

MFGI has $1.4 billion in assets and owns 21 Merchants Bank locations, including Minnesota locations in Rushford, Lanesboro, Winona, St. Charles, Goodview, Rochester, 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. Merchants Bank was founded in 1875. All banks are FDIC members and equal housing lenders. Merchants Capital, the company’s leasing arm, is based in the Twin Cities. All loans are subject to credit approval.

Merchants has more than 440 employees. The ownership of Merchants Financial Group, Inc. is made up of its employees and approximately 400 shareholders, mostly individuals and families from southeastern Minnesota and west-central Wisconsin.

Caboose dedication set for August 16

Fri, Jul 25th, 2014
Posted in Preston Business Announcements

A 1951 Milwaukee Road Caboose No. 02095 is the newest addition to the Preston Historical Society campus in Preston. A dedication of the caboose will be held on Saturday, August 16 at 10:30 a.m. at the Trailhead Parking Lot Area, Corner of Center an ..... 
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Legacy research fellowship applications due October 1

Fri, Jul 25th, 2014
Posted in All Business Announcements

The Minnesota Historical Society is pleased to announce the second round of Legacy Research Fellowships. Applications are due October 1, 2014, with Fellowship research to begin January 1, 2015. Awards of $1,000 or $5,000 are available to successfu ..... 
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SMIF Announces $100,000 in Grants Available

Tue, Jul 22nd, 2014
Posted in All Business Announcements

As part of its effort to invest in economic growth within the region, Southern Minnesota Initiative Foundation (SMIF) is offering $100,000 in Incentive Grants to 501(c)(3) nonprofit organizations or units/agencies of local, state, or federal governme ..... 
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AgStar announces upcoming retirement of CEO

Fri, Jul 11th, 2014
Posted in All Business Announcements

Mankato, Minn., – AgStar Financial Services, ACA today announced that President and Chief Executive Officer Paul DeBriyn has decided to retire as CEO, effective immediately. However, DeBriyn will stay on for the next nine months serving as strateg ..... 
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Rushford Grace Place is pleased to announce their 4th annual Rushford Grace Place silent auction with funds donated to Thrivent

Thu, Jul 10th, 2014
Posted in Rushford Business Announcements

Grace Place is once again celebrating Rushford Days with their 4th annual silent auction. This year the location will be at the Sterling Pharmacy location at Norsquare 115 W. Jessie Street Rushford, directly across the street from Grace Place hours ..... 
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Semcac food shelves participate in Open Your Heart to the Hungry & Homeless

Fri, Jun 27th, 2014
Posted in All Business Announcements

All four of the Semcac food shelf locations are participating in 2014 Open Your Heart to the Hungry and Homeless, a donation challenge sponsored by Hunger Solutions that takes place during the month of July. Semcac is a member of Hunger Solutions Mi ..... 
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AgStar announces county fair grant recipients

Fri, Jun 27th, 2014
Posted in All Business Announcements

The AgStar Fund for Rural America, the corporate giving program of AgStar Financial Services, recently awarded $76,250 in grants for its County Fair Facility Upgrade grant program. Twenty six county fair programs received grants to use toward fairgr ..... 
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Fillmore County resident is a lottery winner

Fri, Jun 27th, 2014
Posted in Spring Valley Business Announcements

ROSEVILLE, Minn. – Congratulations to Joshua Thompson of Spring Valley, Minn. Thompson won $20,000 by playing the Lottery’s MONOPOLY™ scratch game. Thompson claimed the prize on June 13, 2014. The winning ticket was purchased at Cub Foods, 102 ..... 
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