Jeff Stukel Joins Merchants Bank as Trust Officer
Wealth
| 08.04.2025
Jeff Stukel has joined Merchants Bank as a Trust Officer, according to Trust Department Manager, Masood Dehnavifar.
“Jeff’s significant industry knowledge and experience will add to the Merchants Bank Trust Department’s sophistication and ability to deliver exceptional customer experiences.” said Dehnavifar.
Stukel’s experience includes more than 25 years of assisting clients within the Trust and Investment Management industry, including serving as a Personal Trust Officer.
“I’m very excited to be joining the Merchants Bank team and I look forward to partnering with my fellow professionals to deliver expectational service for all our clients.” said Stukel.
Jeff’s primary role will be to serve clients based on their needs through fiduciary based investment management, estate planning and retirement planning guidance, and trust administration services. He will be officed out of the Merchants Bank location at 329 Division Street in Northfield but will work with clients throughout the Merchants Bank footprint with a focus on our North Region locations of Apple Valley, Cannon Falls, Cottage Grove, Eau Claire, Hastings, Lakeville, Northfield, Red Wing and Rosemount.
Stukel is an active community volunteer working with local veterans. He enjoys spending time with his children, golfing and reading.
The Merchants Bank Trust Department provides professional services to individuals, families, businesses and non-profit organizations. Trust services include serving as trustee for revocable and irrevocable trusts; counseling on estate plans to preserve and transfer wealth; providing investment management for individuals, companies and foundations; managing and administering 401(k) plans; acting as an agent under a power of attorney or as personal representative under a will; and handling administration of estates.
Merchants Bank is a full-service community bank with 22 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 $2.7 billion in assets. Merchants was founded in 1875.
“Jeff’s significant industry knowledge and experience will add to the Merchants Bank Trust Department’s sophistication and ability to deliver exceptional customer experiences.” said Dehnavifar.
Stukel’s experience includes more than 25 years of assisting clients within the Trust and Investment Management industry, including serving as a Personal Trust Officer.
“I’m very excited to be joining the Merchants Bank team and I look forward to partnering with my fellow professionals to deliver expectational service for all our clients.” said Stukel.
Jeff’s primary role will be to serve clients based on their needs through fiduciary based investment management, estate planning and retirement planning guidance, and trust administration services. He will be officed out of the Merchants Bank location at 329 Division Street in Northfield but will work with clients throughout the Merchants Bank footprint with a focus on our North Region locations of Apple Valley, Cannon Falls, Cottage Grove, Eau Claire, Hastings, Lakeville, Northfield, Red Wing and Rosemount.
Stukel is an active community volunteer working with local veterans. He enjoys spending time with his children, golfing and reading.
The Merchants Bank Trust Department provides professional services to individuals, families, businesses and non-profit organizations. Trust services include serving as trustee for revocable and irrevocable trusts; counseling on estate plans to preserve and transfer wealth; providing investment management for individuals, companies and foundations; managing and administering 401(k) plans; acting as an agent under a power of attorney or as personal representative under a will; and handling administration of estates.
Merchants Bank is a full-service community bank with 22 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 $2.7 billion in assets. Merchants was founded in 1875.
