Winona, Minn.-based Merchants Bank promoted Cindy Adolph to chief risk officer/senior vice president.
A banker with more than four decades of experience, Adolph joined the $2.5 billion bank 16 years ago as part of its acquisition of The First National Bank of Cannon Falls, Minn. She was promoted to risk, compliance and audit manager in 2015.
“Cindy’s promotion is in alignment with the strategic focus and enhancements we must continue to facilitate in our risk management culture,” said President/CEO Greg Evans. “Banking continues to be a highly regulated industry. Having someone with Cindy’s depth of experience and knowledge to lead the continued evolution of our risk management and regulatory compliance programs for the bank is critical to our future independence and success.”