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

Merchants Bank (MN) is headquartered in Winona and is the 7th largest bank in the state of Minnesota. It is also the 490th largest bank in the nation. It was established in 1875 and as of March of 2018, it had grown to 392 employees at 23 locations. Merchants Bank (MN)'s money market rates are 14% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8866
Year Established1875
Employees392
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD8.86%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.67B$1.62B
LoansQ1 2018vs Q1 2017$1.36B$1.32B
DepositsQ1 2018vs Q1 2017$1.41B$1.35B
Equity CapitalQ1 2018vs Q1 2017$204.1MM$191.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$19.0MM$18.2MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$17.3MM$20.4MM
Real Estate OwnedQ1 2018vs Q1 2017$2.7MM$1.3MM
Rates
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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
0.36%*$200k*-IRA Savings Account
OTHER TIERS: 0.10% Up to $5k | 0.12% $5k - $25k | 0.17% $25k - $50k | 0.20% $50k - $100k | 0.28% $100k - $200k
0.29%*$25k*-HSA Checking
OTHER TIERS: 0.15% Up to $10k | 0.17% $10k - $15k | 0.22% $15k - $25k
0.26%--Winter FUNd
0.26%--Summer FUNd
0.05%--Kids Savers Club
0.05%$50-Basic Savings
0.05%--Advantage Savings

Merchants Bank (MN) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*$15mICS Money Market
OTHER TIERS: 0.25% $15mm+ | 0.35% Up to $1mm
0.47%*$1m*-Diamond Money Market
OTHER TIERS: 0.12% Up to $25k | 0.16% $25k - $50k | 0.19% $50k - $100k | 0.23% $100k - $200k | 0.28% $200k - $1mm

Merchants Bank (MN) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.47%*$1m*-Business Nonprofit Checking Tiered
OTHER TIERS: 0.12% Up to $25k | 0.16% $25k - $50k | 0.19% $50k - $100k | 0.23% $100k - $200k | 0.28% $200k - $1mm
0.30%*$1m*$15mICS Demand Deposit
OTHER TIERS: 0.15% Up to $1mm | 0.20% $15mm+
0.25%--Repurchase Agreement
0.10%--Interest Bearing Business Checking
0.05%--Partnership Banking
0.05%--Relationship Checking
0.05%--Veterans Preferred Banking

Merchants Bank (MN) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-21 Month CD Special
0.75%$500-14 Month CD Special
0.56%$500-36 Month & Over CD
0.45%$500-30-35 Month CD
0.41%$500-24-29 Month CD
0.29%$500-12-23 Month CD
0.26%$100-12 Month Home Buyer's CD
0.19%$500-6-11 Month CD
0.13%$500-3-5 Month CD

Merchants Bank (MN) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-21 Month IRA Special
0.75%$500-14 Month IRA Special
0.56%$500-36 Month & Over IRA
0.52%$500-24 Month "Summit" IRA
0.45%$500-30-35 Month IRA CD
0.41%$500-24-29 Month IRA CD
0.29%$500-12-23 Month IRA CD
Locations

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