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Greg Evans appointed Merchants Bank President/Chief Banking Officer


Fri, Jan 17th, 2014
Posted in All Business Announcements

WINONA, Minn. – Greg Evans has been appointed Merchants Bank President/Chief Banking Officer, according to Rod Nelson, Merchants Bank President and Executive Vice President of Merchants Financial Group, Inc. (MFGI).

“Greg is a true community banker. He gets involved in the community and provides leadership for community efforts. We look forward to him sharing this leadership with all of our locations,” Nelson said. “He is passionate about providing the very best customer service, and his focus on building customer relationships will contribute to our organization being even more successful in the future.”

Evans is a Winona native and spent the first 18 years of his banking career in Winona, ending as the Senior Vice President of Marketing before moving to Cannon Falls in 2007, where he currently serves as Merchants Bank’s northern regional president with oversight of the Cannon Falls, Red Wing and Hampton locations.

“I am grateful, humbled, and excited for the opportunity,” Evan said. “I’ve been fortunate over my time with Merchants to work closely with most of the employees throughout the organization. They are talented, energetic, and they care about our customers and the communities they serve.”

Nelson will be succeeding Richard L. Mahoney as MFGI President & CEO as of January 1. A date has yet to be set for Evans to take over his new role, which will include a broader role in providing direction and oversight to all of Merchants Bank’s 20 locations. With the help of national search firm, Merchants Bank conducted an intensive search for the position.

“Perhaps most important to me is our corporate culture. That is the true defining aspect of what makes any business great, and that will stay in place,” Evans said.

Merchants Bank has $1.348 billion in assets. Locations include Winona, St. Charles, Goodview, Rochester, Caledonia, La Crescent, Onalaska, Spring Grove, Cannon Falls, Red Wing, Rushford, Lanesboro and Hampton, as well as the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Rosemount and Lakeville. Recently, Merchants Bank announced plans to acquire an Alliance Bank location in Eau Claire, Wis. The “flagship” Merchants Bank in Winona was founded in 1875. Merchants Bank is a member FDIC and equal housing lender. Merchants Capital, the company’s leasing arm, is based in the Twin Cities. The ownership of Merchants Financial Group is made up of its employees and approximately 400 shareholders, mostly individuals and families from southeastern Minnesota and west-central Wisconsin.

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