Merchants Bank, National Association
FDIC #8866
📍 Winona, Minnesota
Merchants Bank, National Association is a commercial bank, national (federal) charter and fed member, supervised by the occ. established in 01/01/1875. With assets of $2.52 Billion, it operates 22 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: January 3, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 3, 2023
Satisfactory
May 6, 2019
Satisfactory
March 14, 2016
Satisfactory
💰 Financial Strength
Total Assets$2.52 Billion
Total Deposits$2.15 Billion
Equity Capital$298.13 Million
Net Income$22.44 Million
📈 Performance
ROA1.19%
ROE10.30%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1875
FDIC Cert8866
Holding CoMerchants Financial Group Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredNo
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2020
Merger / Acquisition
Acquired: The First National Bank Of Northfield
2009
Merger / Acquisition
Acquired: Merchants Bank, National Association
2007
Merger / Acquisition
Acquired: Merchants Bank, National Association
2007
Merger / Acquisition
Acquired: The First National Bank In Cannon Falls
2006
Name Change
Name became: Changed Institution Name To Merchants Bank, National Association.