Merchants Bank (MN)

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.29%	1-year CD	12-23 Month CD 2.40% - Ally Bank High Yield 12-Month CD
0.05%	Savings	Advantage Savings 1.75% - American Express National Bank High Yield Savings Account
0.45%	3-year CD	30-35 Month CD 2.55% - Ally Bank High Yield 3 Year CD

View all Merchants Bank (MN) rates »

Overview / Commentary

www.merchantsbank.com

507-457-1100

102 East Third Street
Winona, MN 55987

Merchants Bank (MN) is headquartered in Winona and is the 7^th largest bank in the state of Minnesota. It is also the 490^th 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 30% higher than the national average, and it has an A health rating.

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	392
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.09%
Return on Equity - YTD	8.86%
Annual Interest Income	$17.3MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$1.67B$1.62B
Loans	Q1 2018vs Q1 2017	$1.36B$1.32B
Deposits	Q1 2018vs Q1 2017	$1.41B$1.35B
Equity Capital	Q1 2018vs Q1 2017	$204.1MM$191.2MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$19.0MM$18.2MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$17.3MM$20.4MM
Real Estate Owned	Q1 2018vs Q1 2017	$2.7MM$1.3MM

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
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
0.36%^†	-	-	Winter FUNd
0.36%^†	-	-	Summer FUNd
0.29%^*^†	$25k^*	-	HSA Checking
OTHER TIERS: 0.15% → Up to $10k \| 0.17% → $10k - $15k \| 0.22% → $15k - $25k
0.05%^†	-	-	Kids Savers Club
0.05%^†	$50	-	Basic Savings
0.05%^†	-	-	Advantage Savings

Merchants Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.57%^*^†	$1m^*	-	Diamond Money Market
OTHER TIERS: 0.22% → Up to $25k \| 0.26% → $25k - $50k \| 0.29% → $50k - $100k \| 0.33% → $100k - $200k \| 0.38% → $200k - $1mm
0.50%^*^†	$1m^*	$15m	ICS Money Market
OTHER TIERS: 0.25% → $15mm+ \| 0.35% → Up to $1mm

Merchants Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.57%^*^†	$1m^*	-	Business Nonprofit Checking Tiered
OTHER TIERS: 0.22% → Up to $25k \| 0.26% → $25k - $50k \| 0.29% → $50k - $100k \| 0.33% → $100k - $200k \| 0.38% → $200k - $1mm
0.30%^*^†	$1m^*	$15m	ICS 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

APY	MIN	MAX	ACCOUNT NAME
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
0.36%^†	$100	-	12 Month Home Buyer's CD
0.29%^†	$500	-	12-23 Month CD
0.19%^†	$500	-	6-11 Month CD
0.13%^†	$500	-	3-5 Month CD

Merchants Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
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

Availability

La Crosse Area

La Crosse Area bank & credit union details

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