Merchants Bank (MN)


Overview / Commentary
507-457-1100
102 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in Winona and is the 4th largest bank in the state of Minnesota. It is also the 409th largest bank in the nation. It was established in 1875 and as of March of 2022, it had grown to 417 employees at 24 locations. Merchants Bank (MN) has an A health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health

Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees417
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD11.62%
Annual Interest Income$21.3MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$2.82B$2.75B
LoansQ1 2022vs Q1 2021$1.60B$1.74B
DepositsQ1 2022vs Q1 2021$2.52B$2.43B
Equity CapitalQ1 2022vs Q1 2021$272.7MM$261.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$27.1MM$31.6MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$12.1MM$14.8MM
Real Estate OwnedQ1 2022vs Q1 2021$964.00K$2.6MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Merchants Bank (MN); 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Merchants Bank (MN) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.09%*-$2kMy Future Fund
OTHER TIERS: 1.75% $2k+
0.12%*$25k*-HSA Checking
OTHER TIERS: 0.01% Up to $5k | 0.07% $5k - $10k | 0.09% $10k - $15k | 0.11% $15k - $25k
0.05%*$2.5k*-Advantage Savings
OTHER TIERS: 0.03% Up to $2.5k
0.03%$50-Basic Savings

Merchants Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$1m*-Diamond Money Market
OTHER TIERS: 0.05% Up to $5k | 0.07% $5k - $25k | 0.12% $25k - $50k | 0.15% $50k - $100k | 0.18% $100k - $200k | 0.22% $200k - $1m
0.22%*$1m*$15mICS Money Market
OTHER TIERS: 0.15% Any amount

Merchants Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$1m*-Non Profit Checking
OTHER TIERS: 0.05% Up to $5k | 0.07% $5k - $250k | 0.12% $25k - $50k | 0.15% $50k - $100k | 0.18% $100k - $200k | 0.22% $200k - $1m
0.16%*$1m*$15mICS Demand Deposit
OTHER TIERS: 0.08% Any amount
0.07%*$50k*-Partnership Banking
OTHER TIERS: 0.02% Up to $2.5k | 0.04% $2.5k - $5k | 0.05% $5k - $50k
0.07%--Interest Bearing Business Checking
0.07%*$50k*-Relationship Checking
OTHER TIERS: 0.02% Up to $2.5k | 0.04% $2.5k - $5k | 0.05% $5k - $50k
0.07%*$50k*-Military Banking
OTHER TIERS: 0.02% Up to $2.5k | 0.04% $2.5k - $5k | 0.05% $5k - $50k

Merchants Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-36 Month & Over CD
0.25%$500-30-35 Month CD
0.20%$500-24-29 Month CD
0.14%$500-12-23 Month CD
0.10%$500-6-11 Month CD
0.04%$500-3-5 Month CD

Merchants Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-36 Month & Over IRA
0.25%$500-30-35 Month IRA CD
0.20%$500-24-29 Month IRA CD
0.14%$500-12-23 Month IRA CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.