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Merchants Bank Hires Steve Molander as New Chief Information Officer
News
| 12.10.2024
Steve Molander has joined Merchants Bank as Senior Vice President/Chief Information Officer (CIO), according to Greg Evans, President & Chief Executive Officer. Molander will replace current CIO, Stephen Swenson, who will retire at the end of the year.
“We’re excited to have a talented difference maker like Steve join our team. His deep skillset in information security will help Merchants continue to enhance our digital banking offerings, IT infrastructure to support the business and security management,” said Evans. “We know that our customers expect easy-to-use platforms and tools and continue to make developing our technology toolset a top priority.”
Molander has more than 30 years of experience in information technology, with 23 years exclusively in roles with community banks. He was most recently Chief Technology Officer for Falcon Bank and also served in IT leadership roles for Frandsen Financial Corporation and 21st Century Bank. He has experience implementing company-wide technology solutions, modernizing technology and security programs and infrastructure to maintain customer data security, leading transformational change efforts across organizations and more.
“Merchants has always been highly regarded in the community banking industry and has the size and scale to provide a wide breadth of services. I’m excited to come on board with a focus on modernizing the tools and services that help us provide better financial assistance to our customers,” said Molander.
Molander is a graduate of St. Cloud State University. He is a Twin Cities/Metro area native and has been an active volunteer in those communities for several years.
Merchants Bank is a full service community bank with 23 bank locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.6 billion in assets. Merchants was founded in 1875.
“We’re excited to have a talented difference maker like Steve join our team. His deep skillset in information security will help Merchants continue to enhance our digital banking offerings, IT infrastructure to support the business and security management,” said Evans. “We know that our customers expect easy-to-use platforms and tools and continue to make developing our technology toolset a top priority.”
Molander has more than 30 years of experience in information technology, with 23 years exclusively in roles with community banks. He was most recently Chief Technology Officer for Falcon Bank and also served in IT leadership roles for Frandsen Financial Corporation and 21st Century Bank. He has experience implementing company-wide technology solutions, modernizing technology and security programs and infrastructure to maintain customer data security, leading transformational change efforts across organizations and more.
“Merchants has always been highly regarded in the community banking industry and has the size and scale to provide a wide breadth of services. I’m excited to come on board with a focus on modernizing the tools and services that help us provide better financial assistance to our customers,” said Molander.
Molander is a graduate of St. Cloud State University. He is a Twin Cities/Metro area native and has been an active volunteer in those communities for several years.
Merchants Bank is a full service community bank with 23 bank locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.6 billion in assets. Merchants was founded in 1875.
