• Merchants Bank, which provides banking services to individuals, businesses and companies through its more than 20 locations.
• Merchants Bank Equipment Finance, a lease and equipment division of Merchants Bank.

With total assets of more than $2.5 billion, MFGI is among the largest independent financial organizations in our region. 

Local Ownership

Since 1989, MFGI has strategically acquired several smaller banks that align with our commitment to the community banking philosophy. We are proud to be locally owned by our employees through our Employee Stock Ownership Plan (ESOP) and approximately 760 individuals and families mostly from communities in southeastern Minnesota and west-central Wisconsin.