Adam Augedahl Named to Merchants Bank Advisory Board

News | 12.05.2023
Adam Augedahl has been named to the Merchants Bank South Region/Rural Market Advisory Board according to Erick Maki, Regional President-South.

“We’re excited to have Adam joining our Board. As a business owner serving customers in the commercial space, he can provide input on what local businesses like his need from a financial partner,” said Maki. 

Augedahl has been President of Winona Controls since 2009 when he purchased 50% of the company. Winona Controls is a mechanical systems service provider for commercial and industrial facilities located in Caledonia. Prior to working at Winona Controls, he was a licensed plumber in Winona.

In addition to the Merchants Bank Advisory Board, Augedahl serves as President for the ISD 299 Foundation Board of Directors, which he has been a member of since 2018, and as a member of the Faith Foundation Board of Directors.

“Merchants Bank has been a partner in my business for many years. As a Board member, I am looking forward to sharing my insights specifically around innovation, risk management and profitability,” said Augedahl.

The Board and Advisory Board leadership structure is well established in the Merchants culture and has contributed to the growth of the organization. The South Region/Rural Market Advisory Board (covering Caledonia, Lanesboro, Rushford & Spring Grove) was established in 2009. Advisory Boards across Merchants’ footprint ensure the Bank is connected with the communities served and provides key insights into the local population and economies. Advisory Board members contribute 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. 

Merchants Bank is a full-service community bank with 23 bank locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.4 billion in assets. Merchants was founded in 1875. Member FDIC.

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