Posted: Tuesday, 30 July 2013 10:41AM

Merchants--Earns



The Merchants Financial Group is reporting net income for the first six months of 2013 at just over $6.1 million.
              
President and CEO Richard L. Mahoney said the net income was slightly behind the first half of 2012 when the group earned nearly $1.2 million. Mahoney also said net income for the first six months this year is still ahead of plan.
              
Merchants had a 2012 profit of $12.43 million.  The group currently has assets of 1-point-3 billion dollars.
              
Earlier Mahoney announced he will retire at the end of this year. He will be succeeded by Winona Charter President and Merchants Financial Group Vice President Rod Nelson.

Filed Under :  
Topics : Business_Finance
Social :
People : Richard L. MahoneyRod Nelson
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