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Merchants Bank Locations & Branches Rugby, North Dakota
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Merchants Bank operates 6 branches from its headquarters in Rugby, ND, .
Merchants Bank branch network
Its 6 branches span 2 states and 6 cities. The most are in NORTH DAKOTA (5) and MONTANA (1). NORTH DAKOTA holds 81.6% of its branch deposits. Its largest office by deposits is its main office in Rugby, ND, with $111.0M (49.7% of its branch deposits). It had the same number of branches on June 30, 2025.
Merchants Bank at a glance
Its CET1 capital ratio was 13.87% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Total assets, Q2 2026
- $254.3M
- CET1 ratio, Q2 2026
- 13.87%
- Deposit insurance
- FDIC
- Regulator
- FDIC
- Established
- 1897
Full financial profile · Is Merchants Bank safe? · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Rugby, ND (1 branch) | 1 of 5 | 36.1% | $111.0M |
| State: ND (5 branches) | 39 of 70 | 0.4% | $182.3M |
Ranked by total assets among banks headquartered in the state: Largest banks in North Dakota.
Share by county and metro area
Merchants Bank's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Pierce, ND (1 branch) | 1 of 5 | 36.1% | $111.0M | $307.6M |
| Mchenry, ND (3 branches) | 1 of 4 | 40.9% | $67.1M | $164.0M |
| Richland, MT (1 branch) | 4 of 4 | 6.0% | $41.1M | $689.6M |
| Cass, ND (1 branch) | 28 of 28 | <0.1% | $4.2M | $11.27B |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Minot, ND (3 branches) | 12 of 14 | 1.8% | $67.1M | $3.69B |
| Fargo, ND-MN (1 branch) | 31 of 32 | <0.1% | $4.2M | $12.93B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Merchants Bank (main office) | Rugby, ND | 58368 | $111.0M |
| 202 Main Street South Branch | Towner, ND | 58788 | $67.1M |
| Fairview Bank Branch | Fairview, MT | 59221 | $41.1M |
| Mapleton Branch | Mapleton, ND | 58059 | $4.2M |
| Upham Branch | Upham, ND | 58789 | $0 |
| Granville Branch | Granville, ND | 58741 | $0 |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 8943) · FFIEC NIC profile (RSSD 700458)