The Merchants Bank Advisory Board for our banks in Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount 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 Dakota County*

  • Population: 419,275
  • Median Age: 38.3
  • Median Home Value: $251,986

Key statistics for Washington County*

  • Population: 255,445
  • Median Age: 39.3
  • Median Home Value: $282,468

Industries of focus for Dakota and Washington Counties

  • Top Industries by Type: Retail Trade; Construction; Professional, Scientific and Tech Services
  • Top Industries by Sales: Retail Trade, Wholesale Trade, Manufacturing
  • Top Industries by Number of Employees: Retail Trade; Health Care and Social Assistance; Accommodation and Food Services; Professional, Scientific and Tech Services; Manufacturing

* 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 Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount


Jim Trenda, Board of DirectorsJames Trenda

Board Chairman

President
CP Advisors, LLC

James Emond, Advisory Board of Directors James Emond, Sr.


Realtor
Remax Advantage Plus

Peggy Johnson, Advisory Board of Directors Peggy Johnson


Community Relations Director
Dakota Electric Association

Heide Olson, Advisory Board of Directors Heide Olson


CEO
All In One Accounting

Richard Welshons, Advisory Board of Directors Richard Welshons


President
Dakota County Abstract and Title