Merchants Bank is a bank based in Rugby, North Dakota, established in 1897, with $258 million in total assets across 6 branches. By Trust Grade it ranks 16th of 60 banks we track in North Dakota. Its capital ratio of 10.0% trails most similarly sized banks (48th percentile), versus a North Dakota median of 9.5%. It was profitable over the most recent period, with a 1.36% return on assets. No consumer complaints against Merchants Bank 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 compares to North Dakota peers
How we graded Merchants Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.0% capital ratio)
- Strongly profitable (ROA 1.36%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Merchants Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 216 S Ellery Ave, Fairview, MT 59221
- 202 Main St S, Towner, ND 58788
- # 3 C Avenue South, Upham, ND 58789
- 114 Main St S, Granville, ND 58741
- 210 S Main Ave, Rugby, ND 58368
- 649 Knutson St, Mapleton, ND 58059
Are deposits at Merchants Bank insured?
Yes. Merchants Bank is an FDIC-insured bank (FDIC certificate #8943). 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: frequently asked questions
Is Merchants Bank a good bank?
Merchants Bank 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 (10.0% capital ratio); Strongly profitable (ROA 1.36%).
Is Merchants Bank FDIC-insured?
Yes. Merchants Bank is a FDIC-insured bank (FDIC certificate #8943). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Merchants Bank?
Merchants Bank holds $258 million in total assets, ranking 16th of 60 banks we track in North Dakota. It operates 6 branches.
Does Merchants Bank have CFPB complaints?
No CFPB complaints against Merchants Bank 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.
