2 elected to Merchants Financial Group board

Molly Jungbauer and James Rogers III were elected to the Winona, Minn.-based Merchants Financial Group, Inc. board of directors at the company’s annual shareholders meeting in April.

Jungbauer

A CPA, Jungbauer has been CEO of the Eagan, Minn.-based technology consulting firm Hollstadt Consulting for the past 10 years. She previously served as controller for the Minnesota Wild. “As I evaluated the opportunity to join the board it became very appealing because I discovered Merchants is a well-run organization, dedicated to its clients, always seeking to improve, and has a team that lives the company’s core values,” Jungbauer noted. “I’m proud to be joining their board and look forward to being a valued partner.”

Rogers is chief business development officer for Mayo Clinic. He joined Mayo in 2000 as its first patent attorney. He is expected to continue serving as a member of the Merchants Bank Local Advisory Board in Rochester. “I am drawn to mission-driven work, particularly work that can make a positive impact within our communities,” he said. “As a member of the Rochester Advisory Board, I’ve seen firsthand that the Merchants team works every day to be true partners for the people they serve. I am very honored to be considered for a role on the board and look forward to serving.”

Rogers

The $2.8 billion Merchants Bank has 23 locations in southeastern Minnesota and west-central Wisconsin, and a leasing division, Edina-based Merchants Bank Equipment Finance. 

 “We are thrilled with the additions of Molly and Jim to our board, as they both bring cognitive diversity and a depth of expertise in key areas like technology, innovation, quality assurance and finance, which will strengthen our team of directors and help Merchants continue to thrive as a community bank of choice,” said Merchants Financial Group board Chair Richard Lommen Jr.