The Merchants Bank Trust Department has been recognized as a Premier Partner by investment management partner BTC Capital Management for the department’s growth, according to Masood Dehnavifar, trust department manager.
“Over the last three years, our trust department has significantly expanded wealth management services across our footprint to serve more families, businesses, and nonprofits throughout Minnesota and Wisconsin,” said Dehnavifar. “We’re proud that BTC has recognized our commitment to providing competitive trust and investment management solutions as part of our community banking approach.”
In the past year, the trust department has celebrated several milestones, including assisting a record number of clients and approaching $500 million in assets under management. The team has also grown and expanded their individual expertise. In addition to Certified Financial Planner and Certified Trust and Financial Advisor Martin Oines, Retirement Plan Director Chris Livingston, earned his Qualified 401(k) Administrator and Accredited Investment Fiduciary designations.
“The Merchants Trust Department can provide a unique financial partnership for families and businesses, and I’m pleased to see so many clients across our footprint taking advantage of our expertise and talent,” said Greg Evans, president and CEO for Merchants Financial Group, Inc (MFGI). “It’s an in-house offering you won’t find at many community banks and helps us provide a well-rounded approach to financial relationships.”
The Merchants Bank Trust Department provides professional services to individuals, families, businesses, and nonprofit organizations. In addition to managing and administering 401(k) plans, Trust services include investment management, serving in a fiduciary capacity such as trustee, attorney-in-fact and personal representative as part of an estate plan, providing estate plan and business succession guidance and administering trusts and estates.
Merchants Bank is a full-service community bank with 23 bank locations in Southeast Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina, Minn. Headquartered in Winona, MFGI has more than $2.5 billion in assets. Merchants was founded in 1875. Investments are not FDIC Insured, not bank products and may lose value.