Our commitment to community banking starts with our Executive Leadership Team. The Executive Team sets the strategic direction for Merchants Financial Group, Inc (MFGI) with oversight from the Merchants Financial Group Board of Directors and the Merchants Bank Charter Board of Directors.


At its core, our Executive Team pursues continued company success by focusing on our foundation of building community through banking and our Merchants Bank mission and core values . Our Executive team works with our Regional Presidents, Market Presidents, Managers and all branch staff every day to ensure our customers come first.


Merchants Bank Executive Team


Greg Evans, President & CEOGreg Evans

President & Chief Executive Officer
Greg is a Winona native and graduate of Winona Senior High School and Valparaiso (Ind.) University. He joined Merchants in 1989 as the first Marketing Department was being created and served as Director of Marketing until 2007, when he became Regional President for the Cannon Falls, Red Wing and Hampton markets. Greg returned to Winona in 2014 as Chief Banking Officer. He became President and CEO of MFGI in February 2017.


Andrew Guzzo, Merchants Bank President Andrew Guzzo

Regional President for Southern and Winona Regions

Andrew brings more than 15 years of sales and sales management experience from US Foods. He joined the banking industry in 2006, most recently as a Community President for NXT Bank. In 2017, he joined Merchants Bank. As Regional President, Andrew has direct responsibility for Winona and Goodview and also works with local market Presidents in our Caledonia, Eau Clare, La Crescent, Lanesboro, Onalaska, Rushford, Spring Grove and St. Charles locations.


Mark McGrory, Chief Credit Officer Mark McGrory

Chief Credit Officer

Mark began his banking career in 1981 as a Commercial Lender. He joined the Commercial Lending team at Merchants in 1986, and was promoted to Commercial Banking Department Manager. In 2005, he became Merchants Chief Credit Officer, overseeing the credit quality for the Bank’s loan portfolio.


Dan Massett, Commercial Banker Dan Massett

Regional President for Central Region

Dan began his banking career in 1991 as a Commercial Banker and has over 26 years of banking experience. In 2014, he joined Merchants Bank as a Regional President. As Regional President, Dan has direct responsibility for our Central Region which includes Cannon Falls, Hampton, Red Wing and two locations in Rochester.


Rodney Nelsestuen, Chief Information Officer Rodney Nelsestuen

Chief Information Officer

Rodney has been in the financial services industry for more than 30 years and joined Merchants in 2014. He has extensive executive experience in both business and technology, in addition to having spent several years as a consultant to global financial institutions and technology companies.




Alberta Rosburg, Chief Human Resource Officer Alberta Rosburg

Chief Human Resource Officer

Alberta has more than 35 years of experience in Human Resources and has been with Merchants Bank since 1997. As a testament to the important role HR plays in shaping a company, Alberta firmly believes that the success of Merchants Bank is rooted in the investment the company makes in its more than 440 employees. Her extensive background in employee benefits, payroll, hiring, career development and training is essential in the continual review of Merchants' talent management and leadership development program.


Sue Savat, Chief Financial Officer Sue Savat

Chief Financial Officer

Sue is a Certified Public Accountant and joined Merchants in 1992 as an Internal Auditor/ Electronic Data Processing Auditor. She then returned to work for Merchants in 2000 as Chief Financial Officer for Merchants Bank in Winona. In 2009, she became Chief Financial Officer for Merchants Financial Group.




Lawrence Stover, Commercial Banker Lawrence (Skip) Stovern

Regional President for Twin Cities Region

Lawrence has been in the financial industry since 1978, beginning his banking career in Duluth. He spent nearly 30 years in the Duluth market before joining Merchants Bank in 2007 as Senior Lending Officer for the Twin Cities region. In August of 2007, Lawrence took on the Regional President role in addition to his Commercial Lending responsibilities. As Regional President, Lawrence has direct responsibility for Apple Valley and Rosemount and also works with local market leadership in our Cottage Grove, Hastings and Lakeville locations.