A True Community Bank

We have a rich history dating back to our founding in 1875, but more importantly, we have a bright future providing banking services to help individuals and businesses thrive. As part of our community commitment, we provide monetary support and thousands of volunteer hours each year to many worthwhile organizations. We believe in local community decisions backed by the regional strength of our entire company footprint.

Local Ownership

Merchants Financial Group (MFGI) is the parent company for Merchants Bank and Merchants Bank Equipment Finance . With total assets of more than $2.5 billion, MFGI is among the largest independent financial organizations in our region. We are proud of our local ownership. Our stockholders include our employees, through our Employee Stock Ownership Program (ESOP), and roughly 760 individuals and families mostly from communities in southeastern Minnesota and west-central Wisconsin.

Local Leadership

We know the value of local decision-making. By design, our local Bank Presidents are empowered to make decisions based on local community needs and the local economy.

We also rely on local advisory boards to provide meaningful feedback and strategic direction. Our advisory boards are local leaders, representing many areas including local business, healthcare, education and agriculture industries. 

Full Service

We offer a variety of personal and business banking products in addition to:


Easily access account information or customer service when you need it. In addition to our fully staffed branch locations, bank with us through:

Local Commitment and Community Support

We believe that when the community prospers, the bank will prosper. As a community bank, we view it as our responsibility to give back to the communities we serve.
We do this with both the time our employees volunteer, more than 15,000 hours to 211 organizations in 2019, and the monetary contributions we make. We look closely at each request we receive to see how the people we serve will benefit. Throughout our organization in 2019, for example, Merchants Bank contributed to more than 500 organizations with total charitable donations of more than $595,000.00, or 2.63% of Merchants Bank’s pre-tax income.

The Story of the Merchants Bank Rope

The Merchants Bank logo possesses a streamlined, forward and rhythmic motion to convey that Merchants Bank is a strong organization with an eye on the future. The three shapes, which together create the letter M, are interlocking and woven together giving the appearance of a rope, which implies strength and flexibility.

The three shapes which compose the M also represent characteristics inherent to Merchants Bank. Each builds off another:

  • Our employees, customers and shareholders
  • The regional, central and local aspects of our organization
  • Quality products, outstanding service and profitability
  • Volunteers, community and relationships

A rope is an amazing tool.

Its strength allows one to lift heavy loads, span great distances and tow precious cargo. Yet a rope is flexible enough to secure valuable packages with a simple knot. This tremendous strength and flexibility is made possible by the thousands of individual strands bound together for one purpose. A rope could teach us a lot about life.

Additional Resources:

*Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. Merchants Investment Services and the Securities America Companies are not affiliated.

Not FDIC Insured - No Bank Guarantees - May Lose Value - Not a Deposit - Not Insured by any Government Agency