Masood Dehnavifar joins Merchants Bank as senior vice president/trust department manager


Masood Dehnavifar has joined Merchants Bank as senior vice president/trust department manager, according to Merchants Financial Group, Inc. President and CEO Greg Evans.

“Masood will deliver significant leadership and stability to our trust department as we continue to provide exceptional service and guidance to our current clients and grow our wealth management presence across our entire footprint,” Evans said. “Our customers will benefit from his experience, intelligence and commitment to the communities served by Merchants Bank.”

Prior to Merchants, Dehnavifar was an attorney with Ryan & Grinde, Ltd., with offices in Rochester and St. Charles, where his practice focused on both the transactional and litigation aspects of wills, trusts, probate and estate planning.

“I enjoy helping people and families, whether it is helping them see what is possible when it comes to their financial future, helping them put a plan in place to reach their financial goals, or working with them to make sure they are aware of options for preserving and passing on wealth to their families,” Dehnavifar said.

Dehnavifar has a law degree from Washburn University School of Law in Topeka, Kan., and an undergraduate degree from Colby College in Waterville, Maine. Originally from Chicago, Ill., Dehnavifar and his wife moved to Minnesota in 2009. They have two children, ages six and four.

“Merchants Bank is a phenomenal organization. I look forward to working at Merchants for the rest of my professional career as my wife and I have fallen in love with the community feel of southeastern Minnesota, and I am passionate about helping others in the community build and manage their wealth, so they can enjoy their lives today while providing for their families in the future,” Dehnavifar said.

The Merchants Bank Trust Department provides professional services to individuals, families, businesses and nonprofit 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 Financial Group, Inc. owns 21 Merchants Bank locations, including Minnesota locations in Winona, St. Charles, Goodview, Rochester, Rushford, Lanesboro, Caledonia, La Crescent, Spring Grove, Cannon Falls, Red Wing, Hampton, and the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount. Merchants has Wisconsin locations in Eau Claire and Onalaska. Additionally, MFGI also owns Twin Cities-based Merchants Bank Equipment Finance, a division of Merchants Bank, N.A.


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