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Merchants Bank Hires New Information Technology Leader


Tue, Aug 5th, 2014
Posted in All Business Announcements

WINONA, Minn. – Rodney Nelsestuen has joined Merchants Bank as Senior Vice President and Chief Information Officer, according to Sue Savat, Senior Vice President and Chief Financial Officer.



“Rodney’s expertise in planning, implementing and managing technology services will be a benefit to our customers. With his leadership, Merchants will focus on technology that best fits the needs of our customers and company operations,” said Savat.



Nelsestuen has been in the financial services industry for his entire career, including most recently at Eastwood Bank as the Vice President of Information Technology. He also has experience as a consultant for global financial institutions and technology companies.



“Merchants’ top priority is customer service and satisfaction. I look forward to contributing to that culture of service by bringing a sharper focus to technology services and the Information Technology team,” said Nelsestuen.



Nelsestuen graduated first in his class from the Graduate School of Banking in Madison. He holds a graduate certificate in Information Systems Management from the Keller Graduate School of DeVry University in Milwaukee and Chicago and a Master of Fine Arts from Hamline University in St. Paul. He received his Master in Business Administration from the Keller Graduate School and his undergraduate degree from the University of Wisconsin - Madison.



Merchants Bank has $1.4 billion in assets and 21 locations, including Minnesota locations in Winona, Rushford, Lanesboro, 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. Merchants Capital, the company’s leasing arm, is based in the Twin Cities.



Merchants has more than 440 employees. 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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