Merchants Bank, National Association is a bank based in Winona, Minnesota, established in 1875, with $2.9 billion in total assets across 22 branches. By Trust Grade it ranks 72nd of 224 banks we track in Minnesota. Its capital ratio of 11.6% is stronger than 72% of similarly sized banks, versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.22% return on assets. No consumer complaints against Merchants Bank, National Association appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Merchants Bank, National Association compares to Minnesota peers
How we graded Merchants Bank, National Association
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.6% capital ratio)
- Strongly profitable (ROA 1.22%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Merchants Bank, National Association over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (22)
- 2728 Mall Dr, Eau Claire, WI 54701
- 15055 Chippendale Avenue South, Rosemount, MN 55068
- 1525 Vermillion St, Hastings, MN 55033
- 7300 147th St W, Apple Valley, MN 55124
- 4124 Sixth Street-Goodview, Winona, MN 55987
- 1130 Whitewater Ave, St. Charles, MN 55972
- 627 Mankato Ave, Winona, MN 55987
- 1600 Greenview Dr Sw, Rochester, MN 55902
- 300 Main St W, Cannon Falls, MN 55009
- 329 Division St S, Northfield, MN 55057
- 101 W Jessie St, Rushford, MN 55971
- 2835 S Service Dr, Red Wing, MN 55066
- 316 Main St, La Crescent, MN 55947
- 3586 55th St Nw, Rochester, MN 55901
- 7200 East Douglas Point Road South, Cottage Grove, MN 55016
- 18550 Joplin Ave, Lakeville, MN 55044
- 1611 Honey Locust Dr, Northfield, MN 55057
- 100 E 3rd St, Winona, MN 55987
- 3140 Market Pl, Onalaska, WI 54650
- 115 W Washington St, Caledonia, MN 55921
- 126 W Main St, Spring Grove, MN 55974
- 118 Parkway Ave N, Lanesboro, MN 55949
Are deposits at Merchants Bank, National Association insured?
Yes. Merchants Bank, National Association is an FDIC-insured bank (FDIC certificate #8866). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Merchants Bank, National Association: frequently asked questions
Is Merchants Bank, National Association a good bank?
Merchants Bank, National Association earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.6% capital ratio); Strongly profitable (ROA 1.22%).
Is Merchants Bank, National Association FDIC-insured?
Yes. Merchants Bank, National Association is a FDIC-insured bank (FDIC certificate #8866). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Merchants Bank, National Association?
Merchants Bank, National Association holds $2.9 billion in total assets, ranking 72nd of 224 banks we track in Minnesota. It operates 22 branches.
Does Merchants Bank, National Association have CFPB complaints?
No CFPB complaints against Merchants Bank, National Association appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
