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Merchants Bank

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 $2.1 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. 

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