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Merchants Bank (MN)

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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 5^th largest bank in the state of Minnesota. It is also the 486^th largest bank in the nation. It was established in 1875 and as of March of 2019, it had grown to 394 employees at 23 locations. Merchants Bank (MN)'s savings rates are 10X the national average, and it has an A health rating.

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2016
2007

7/23 - Merchants Bank (MN/WI) Offers "Growth Spurt" CD Specials
7/17 - 45-Month CD Special In Winona MN

7/27 - 6.00% 7-Month CD at a Minnesota Bank (First National Bank)

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Health

A

Data as of Q1 2019

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Health Grade Components

Overall
FDIC Certificate #	8866
Year Established	1875
Employees	394
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.93%
Return on Equity - YTD	7.48%
Annual Interest Income	$19.6MM

Assets and Liabilities
Assets	Q1 2019vs Q1 2018	$1.73B$1.67B
Loans	Q1 2019vs Q1 2018	$1.44B$1.36B
Deposits	Q1 2019vs Q1 2018	$1.46B$1.41B
Equity Capital	Q1 2019vs Q1 2018	$220.4MM$204.1MM
Loan Loss Allowance	Q1 2019vs Q1 2018	$19.1MM$19.0MM
Unbacked Noncurrent Loans	Q1 2019vs Q1 2018	$22.3MM$17.3MM
Real Estate Owned	Q1 2019vs Q1 2018	$1.3MM$2.7MM

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.09%^*	-	$2k	My Future Fund
OTHER TIERS: 1.75% → $2k+
0.60%^†	-	-	Winter FUNd
0.60%^†	-	-	Summer FUNd
0.45%^*^†	$25k^*	-	HSA Checking
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $10k \| 0.30% → $10k - $15k \| 0.40% → $15k - $25k
0.36%^*^†	$200k^*	-	IRA Savings Account
OTHER TIERS: 0.10% → Up to $5k \| 0.15% → $5k - $25k \| 0.18% → $25k - $50k \| 0.24% → $50k - $100k \| 0.28% → $100k - $200k
0.15%^*^†	$2.5k^*	-	Advantage Savings
OTHER TIERS: 0.11% → Up to $2.5k
0.11%^†	-	-	Kids Savers Club
0.05%^†	$50	-	Basic Savings

Merchants Bank (MN) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.15%^*^†	$1m^*	-	Diamond Money Market
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $25k \| 0.45% → $25k - $50k \| 0.60% → $50k - $100k \| 0.75% → $100k - $200k \| 1.00% → $200k - $1m
0.75%^†	-	-	Funeral Home Money Market
0.50%^*^†	$1m^*	$15m	ICS Money Market
OTHER TIERS: 0.25% → $15m+ \| 0.35% → Up to $1m

Merchants Bank (MN) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.15%^*	$1m^*	-	Non Profit Checking
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $250k \| 0.45% → $25k - $50k \| 0.60% → $50k - $100k \| 0.75% → $100k - $200k \| 1.00% → $200k - $1m
0.30%^*^†	$1m^*	$15m	ICS Demand Deposit
OTHER TIERS: 0.15% → Up to $1m \| 0.20% → $15m+
0.25%^†	-	-	Repurchase Agreement
0.14%^*^†	$50k^*	-	Partnership Banking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.14%^*^†	$50k^*	-	Relationship Checking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.14%^*^†	$50k^*	-	Veterans Preferred Banking
OTHER TIERS: 0.06% → Up to $2.5k \| 0.08% → $2.5k - $5k \| 0.10% → $5k - $50k
0.10%^†	-	-	Interest Bearing Business Checking

Merchants Bank (MN) CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.78%^†	$500	-	30-35 Month CD
0.78%^†	$500	-	36 Month & Over CD
0.78%^†	$500	-	30 - 35 Month HSA CD
0.78%^†	$500	-	36 Month & Over HSA CD
0.75%^†	$500	-	24-29 Month CD
0.75%^†	$500	-	24 - 29 Month HSA CD
0.60%^†	$100	-	12 Month Home Buyer's CD
0.50%^†	$500	-	12-23 Month CD
0.50%^†	$500	-	12 - 23 Month HSA CD
0.40%^†	$500	-	6-11 Month CD
0.40%^†	$500	-	6 - 11 Month HSA CD
0.13%^†	$500	-	3-5 Month CD
0.13%^†	$500	-	3- 5 Month HSA CD

Merchants Bank (MN) IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.78%^†	$500	-	30-35 Month IRA CD
0.78%^†	$500	-	36 Month & Over IRA
0.75%^†	$500	-	24-29 Month IRA CD
0.52%^†	$500	-	24 Month "Summit" IRA
0.50%^†	$500	-	12-23 Month IRA CD

Locations

Availability

La Crosse Area

La Crosse Area bank & credit union details

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