Merchants Financial Group, Inc. (MFGI) made a preliminary earnings announcement for 2023 projecting net income of $25,502,130, according to MFGI President & CEO Gregory M. Evans. The earnings report, subject to external audit, represents a 16 percent...
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February 02, 2024, 07:17 AM
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Merchants Financial Group, Inc. (MFGI) announced year-to-date net income through the third quarter of $20.1 million, according to MFGI President & CEO Gregory M. Evans.As a result of continued strong performance, the MFGI Board of Directors...
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October 27, 2023, 07:18 AM
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At its Annual Meeting on Thursday, Merchants Financial Group, Inc., (MFGI) Executive Management reported record earnings for 2022, shared insights about Merchants’ strong liquidity and financial stability.MFGI formally reported net income of...
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April 14, 2023, 07:12 AM
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Dave Schlauderaff has been named President for Merchants Bank Equipment Finance (MBEF) according to Greg Evans, President & CEO for Merchants Bank. Schlauderaff succeeds Rick Barry who retired from Merchants in December.“Dave has worked in equipment...
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January 06, 2023, 07:23 AM
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At its Annual Meeting, Merchants Financial Group, Inc., (MFGI) announced to shareholders that its Board of Directors has approved a 3-for-1 stock split (200 percent stock dividend), meaning investors will receive an additional two shares for each...
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April 18, 2022, 07:00 AM
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Merchants Financial Group, Inc. (MFGI) announced year-end earnings for 2021 with net income of $28,770,000, according to MFGI President & CEO Gregory M. Evans. The earnings exceeded MFGI’s plan for the year by more than $8.2 million and is an...
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January 28, 2022, 07:10 AM
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Merchants Bank Equipment Finance (MBEF) has expanded its team with the promotion of Jane Ziebarth to Document Transaction Manager/Officer and the addition of Bryon Sharp as Vice President/Senior Regional Vendor Finance Manager, according to Rick...
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January 25, 2022, 07:22 AM
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During its annual shareholder meeting, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth. MFGI formally reported net income of $21,511,521 for 2020, an 8.8 percent increase over 2019 earnings. The year’s results were...
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April 12, 2021, 07:22 AM
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The Equipment Leasing and Finance Association (ELFA) has recognized Merchants Bank Equipment Finance (MBEF) for 30 years of membership in the organization. “We are proud to be recognized for our 30 years of membership in ELFA, said Rick Barry...
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April 06, 2021, 07:15 AM
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From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank.Merchants Bank launched its digital floorplan strategy following a four-month program to...
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August 01, 2019, 07:25 AM
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Mark Jangula has joined Merchants Bank Equipment Finance (MBEF) as Vice President and Senior Regional Finance Manager, according to Rick Barry, President of MBEF.“Mark is a welcome addition to the Merchants team. He is an accomplished professional...
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January 15, 2019, 07:19 AM
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David Pierret has joined Merchants Bank as a Vice President/Commercial Banker, according to Randy Domeyer, Senior Vice President and Commercial Banking Manager for Merchants in Winona, MN.“Dave’s extensive experience in commercial lending and...
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August 27, 2018, 07:25 AM
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Commercial financing professional Paul Butze has been hired as Vice President and Senior Regional Vendor Finance Manager, said Rick Barry, President of Merchants Bank Equipment Finance (MBEF).Butze has been in the commercial financing and leasing...
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May 31, 2018, 07:25 AM
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Equipment financing leader Richard Barry has been named President at Merchants Bank Equipment Finance (MBEF), according to Rodney R. Nelson, CEO of Merchants Financial Group, Inc. (MFGI). Barry started November 14, allowing him time to work alongside...
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November 21, 2016, 07:10 AM
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Brad Brolsma, President of Merchants Bank Equipment Finance (MBEF), has announced his retirement effective December 31, 2016, according to Rodney R. Nelson, CEO of Merchants Financial Group, Inc.Brolsma has been president of Merchants Bank Equipment...
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August 15, 2016, 07:17 AM
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Merchants Capital Resources, Inc. has changed its name to Merchants Bank Equipment Finance as of January 1, according to President Bradley R. Brolsma.“Our new name better describes what we do best, and that is financing the equipment needs of our...
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January 05, 2016, 07:10 AM
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