Merchants Financial Group, Inc. (MFGI) is the holding company that owns Merchants Bank and its locations. It is governed by a Board of Directors that is responsible for providing strategic direction and oversight for the entire organization - and for meeting the expectations of our shareholders. The MFGI Board is comprised of business and community leaders from throughout the Merchants Bank footprint.

In addition to the MFGI Board of Directors, our additional Board leadership structure helps provide specific guidance and advice to local leadership at our individual bank locations, including the Merchants Bank Charter Board of Directors and local Community Advisory Boards of Directors.

Our board leadership structure includes:

• Merchants Financial Group Board of Directors
• Merchants Bank Charter Board (also serves as the Community Advisory Board for Winona, Goodview, St. Charles and Eau Claire, as well as our leasing division, Merchants Bank Equipment Finance)
• Community Advisory Board – Merchants Bank Cannon Falls, Red Wing and Hampton
• Community Advisory Board – Merchants Bank Rochester
• Community Advisory Board – Merchants Bank Caledonia, Lanesboro, Rushford and Spring Grove
• Community Advisory Board – Merchants Bank La Crescent and Onalaska
• Community Advisory Board – Merchants Bank Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount

Merchants Financial Group Board of Directors