Merchants Financial Group Annual Meeting
By TJ Apr 10, 2021 9:49 AM WINONA, Minn. – During its annual shareholder meeting, which was held virtually on Thursday, April 8, Merchants Financial Group, Inc. (MFGI), reported strong 2020 earnings growth, and shareholders re-elected three Directors to the MFGI Board. MFGI formally reported a net income of $21,511,521 for 2020, an 8.8% increase over 2019 earnings. The year’s results were impacted by the pandemic and the resulting economic environment. Most notably, with a dramatic drop in long-term interest rates, Merchants booked unanticipated record residential mortgage loan vo...
Source: winonaradio.com