The Merchants Bank Advisory Board of Directors for our banks in Cannon Falls, Hampton and Red Wing is connected with the communities we serve and helps provide key insights into the local population and economies. We rely on our Advisory Board to provide meaningful feedback about what is important to community members and business owners and how Merchants Bank can collaborate on a local level to create thriving communities. 


Key statistics for Goodhue County*

  • Population: 46,545
  • Median Age: 43
  • Median Home Value: $193,359

Industries of focus for Goodhue County

  • Top Industries by Type: Retail Trade, Construction, Finance and Insurance
  • Top Industries by Sales: Retail Trade, Manufacturing, Wholesale Trade
  • Top Industries by Number of Employees: Accommodation and Food Service, Health Care and Social Assistance, Retail Trade

* Source: SNL, 6/17


Our board leadership structure encompasses several levels, including a company-wide Board of Directors for Merchants Financial Group, Inc, a Board of Directors for the Merchants Bank Charter and local Community Advisory Boards.


Merchants Bank Advisory Board of Directors for Cannon Falls, Hampton and Red Wing


Dick Peterson, Advisory Board of Directors Richard Peterson

Board Chairman

Owner
Peterson Turkey Hatchery, Inc.

John Althoff, Advisory Board of Directors John Althoff


Retired Owner
Althoff Hardware

Les Anderson, Advisory Board of Directors Leslie Anderson


Farmer and Real Estate Agent
Anderson Realty, LLC

Donna Anderst, Advisory Board Member for Cannon Falls, Hampton and Red Wing Donna Anderst


Past President and Owner 
SCS Elevator Products, Inc.

Gary Schmidgall, Advisory Board of Directors Gary Schmidgall


Senior Account Executive
Hancock Concrete, LLC