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BankSonar

Merchants Bank, National Association

Winona, MN · National commercial bank

65

Sonar Score

Stable

out of 100 · from public FDIC data

Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.

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Key figures

Total assets
$2.9B
Total deposits
$2.6B
Branches
22
Return on assets
1.22%
Return on equity
10.54%
Charter type
National commercial bank
Established
1875
FDIC cert #
8866

How the 65 breaks down

Capital adequacyweight 40%

Capital ratio not reported.

Profitability (ROA)weight 30%

Strong returns on its asset base.

Return on equityweight 15%

Efficient use of shareholder capital.

Scale & stabilityweight 15%

Mid-size institution.

Read the full Sonar Score methodology →

Your deposits at Merchants Bank, National Association

Merchants Bank, National Association is an FDIC-insured institution (Cert #8866). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →

22 branch locations

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

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