Hours
Lobby Hours
| Monday | 9:00 a.m. - 4:00 p.m. |
|---|---|
| Tuesday | 9:00 a.m. - 4:00 p.m. |
| Wednesday | 9:00 a.m. - 4:00 p.m. |
| Thursday | 9:00 a.m. - 4:00 p.m. |
| Friday | 9:00 a.m. - 5:00 p.m. |
| Saturday | Closed |
| Sunday | Closed |
Drive Up Hours
| Monday | 7:30 a.m. - 5:00 p.m. |
|---|---|
| Tuesday | 7:30 a.m. - 5:00 p.m. |
| Wednesday | 7:30 a.m. - 5:00 p.m. |
| Thursday | 7:30 a.m. - 5:00 p.m. |
| Friday | 7:30 a.m. - 5:30 p.m. |
| Saturday | 8:00 a.m. - 12:00 p.m. |
| Sunday | Closed |
Observed Holidays
- January 1
- Closed for New Year's Day
- May 26
- Closed for Memorial Day
- July 4
- Closed for Independence Day
- September 1
- Closed for Labor Day
- November 27
- Closed for Thanksgiving
- December 24
- Closed at Noon for Christmas Eve
- December 25
- Closed for Christmas
- January 1, 2026
- Closed for New Year's Day
Services
- Notary
- Drive Up ATM
- Safe Deposit Box
About Our Caledonia Branch
Our Caledonia branch services Southeastern Minnesota and is located near the Houston County Courthouse. Our local team offers a full-service banking experience, including meeting your daily banking needs of deposits, withdrawals and general money management; opening new accounts; applying for personal, mortgage or business lending needs; and connecting you with our Wealth Management experts.
Find Caledonia lenders:
The Caledonia branch is guided by our South Region/Rural Market Area Advisory Board, which is made up of local community members and business professionals.
Being a community leader is an important part of our mission. Our local team is proud to be involved in volunteer efforts in Caledonia and the surrounding communities.
President: Matt Schuldt
Our History
Merchants acquired Sprague National Bank in Caledonia in 1993. The bank was originally established in 1875 by Ara David Sprague and J.C. Easton, making it one of the oldest financial institutions in Minnesota.
Before acquisition, the bank was owned by the third generation of the Sprague family, and it was important to Merchants to keep the family named preserved in the Caledonia community. In addition to dedicating the “Sprague Room” in the Caledonia Community Center, Merchants also worked with the City to formally name the city block Sprague Square and change the Bank’s Caledonia address to 1 Sprague Square.
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