Merchants Bank Equipment Finance (MBEF) named Dave Schlauderaff president. Schlauderaff succeeded Rick Barry, who retired from the company in December.

“Dave has worked in equipment finance his entire career and brings broad industry expertise to Merchants and the business clients and vendor partners we serve in this highly specialized area,” Greg Evans, president & CEO for Merchants Bank, said. “I know he will be a tremendous asset, bringing great leadership ability to our equipment finance team and in helping us strategically grow this line of business.”

Schlauderaff has specialized in equipment finance, serving customers and providing leadership for sales teams for the past 24 years. He most recently served as vice president/regional sales manager for the Capital Equipment division of U.S Bank Equipment Finance.

“I’m so excited to be part of the Merchants Bank family and follow in Rick’s footsteps with this well-established and successful team,” said Schlauderaff. “It’s a privilege to get a chance to leverage my years of experience in a new, challenging role within Merchants’ community banking model.”