EDINA, Minn. – Brad Brolsma, President of Merchants Bank Equipment Finance, has announced his retirement, effective December 31, 2016, according to Rodney R. Nelson, CEO of Merchants Financial Group, Inc. (MFGI).

Brolsma has been President of Merchants Bank Equipment Finance (MBEF), previously known as Merchants Capital Resources, since 2002. MBEF is a division of Merchants Bank. Merchants has begun the process of working with an executive search firm to fill this leadership position.

“Brad has provided exceptional leadership and MBEF has contributed significantly to our bottom line throughout his tenure,” Nelson said. “Brad will be difficult to replace. His team will miss him, as will all members of our organization.”

Brolsma said it has been gratifying to see the reach and influence of MBEF grow. The company provides equipment financing options to businesses located throughout the Upper Midwest and also partners with other finance companies in equipment finance transactions outside of its marketing footprint. Founded in 1988, MBEF provides equipment financing options to best meet the needs of its customers across many industries, including construction, transportation, healthcare, manufacturing and food and agriculture.

“I’ve been fortunate to work with an exceptional group of professionals who are always focused on meeting and exceeding the needs of our customers and for an organization that really epitomizes the very best in community banking,” Brolsma said.

MBEF is located in Edina. In addition to MBEF, MFGI owns 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. All banks are FDIC members and equal housing lenders.