Overview / Commentary
1901 North College Avenue
Jackson, AL 36545

Merchants Bank (AL) is headquartered in Jackson and is the 52nd largest bank in the state of Alabama. It is also the 2,700th largest bank in the nation. It was established in 1962 and as of September of 2018, it had grown to 60 employees at 6 locations. Merchants Bank (AL)'s CD rates are 18% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #18637
Year Established1962
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD9.64%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$221.5MM$215.4MM
LoansQ3 2018vs Q3 2017$150.6MM$138.6MM
DepositsQ3 2018vs Q3 2017$195.5MM$189.9MM
Equity CapitalQ3 2018vs Q3 2017$25.1MM$24.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.5MM$1.6MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.5MM$3.2MM
Real Estate OwnedQ3 2018vs Q3 2017$315.00K$422.00K
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Always verify rates and promotions with the bank or credit union. We are not Merchants Bank (AL); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Merchants Bank (AL) Savings Account Rates

0.30%--Christmas Club
0.15%--Regular Savings

Merchants Bank (AL) Money Market Rates

0.25%*$25k*-Hi-Fi Account (Money Market Account)
OTHER TIERS: 0.15% $2.5k - $10k | 0.20% $10k - $25k

Merchants Bank (AL) Checking Account Rates

0.10%--Platinum Select Checking
0.10%$100-Platinum 55 Checking
0.10%--Interest Checking

Merchants Bank (AL) CD Rates

2.02%$1k-5 Year CD
1.76%$1k-4 Year CD
1.56%$1k-3 Year CD
1.46%$1k-30 Month CD
1.36%$1k-2 Year CD
1.16%$1k-18 Month CD
1.06%$1k-1 Year CD
0.50%$1k-6 Month CD

Merchants Bank (AL) IRA Rates

1.96%$1k-60 Month IRA
1.11%$1k-18 Month Variable Rate IRA
1.00%$1k-12 Month IRA
0.45%$1k-6 Month IRA

Merchants Bank (AL) Locations
Downtown Branch101 College AvenueJackson, AL 36545
Grove Hill Branch103 Main StreetGrove Hill, AL 36451
Mobile Branch1353 Cody Road SouthMobile, AL 36695
Merchants Bank1901 North College AvenueJackson, AL 36545
Thomasville Branch33440 Highway 43Thomasville, AL 36784
Semmes Branch4276 Mccrary Road, Ste FSemmes, AL 36575

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