Branch Network
Merchants Bank, N.A. Locations & Branches Winona, Minnesota
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Merchants Bank, N.A. operates 22 branches from its headquarters in Winona, MN, .
Merchants Bank, N.A. branch network
Its 22 branches span 2 states and 18 cities. The most are in MINNESOTA (20) and WISCONSIN (2). MINNESOTA holds 90.3% of its branch deposits. Winona, MN has the most of its branches, 3. Its largest office by deposits is its main office in Winona, MN, with $557.2M (22.3% of its branch deposits). It had the same number of branches on June 30, 2025.
Merchants Bank, N.A. at a glance
Its CET1 capital ratio was 13.46% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Total assets, Q2 2026
- $2.88B
- CET1 ratio, Q2 2026
- 13.46%
- Deposit insurance
- FDIC
- Regulator
- OCC
- Latest call report
- Q2 2026, FFIEC 041
- Established
- 1875
Full financial profile · Is Merchants Bank, N.A. safe? · Merchants Bank, N.A. call report · 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: Winona, MN (3 branches) | 1 of 6 | 52.7% | $624.3M |
| State: MN (20 branches) | 15 of 277 | 0.7% | $2.26B |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
Merchants Bank, N.A.'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 |
|---|---|---|---|---|
| Winona, MN (4 branches) | 1 of 9 | 47.2% | $712.2M | $1.51B |
| Houston, MN (3 branches) | 1 of 5 | 57.7% | $322.0M | $557.5M |
| Dakota, MN (4 branches) | 6 of 32 | 3.3% | $320.4M | $9.72B |
| Goodhue, MN (2 branches) | 2 of 12 | 19.5% | $282.2M | $1.45B |
| Rice, MN (2 branches) | 5 of 10 | 12.3% | $217.6M | $1.77B |
| Fillmore, MN (2 branches) | 1 of 11 | 22.1% | $178.0M | $806.3M |
| Olmsted, MN (2 branches) | 11 of 19 | 2.8% | $153.8M | $5.54B |
| La Crosse, WI (1 branch) | 9 of 17 | 4.0% | $147.7M | $3.69B |
| Eau Claire, WI (1 branch) | 10 of 16 | 4.0% | $95.1M | $2.41B |
| Washington, MN (1 branch) | 19 of 24 | 1.0% | $69.3M | $7.09B |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Winona, MN (4 branches) | 1 of 9 | 47.2% | $712.2M | $1.51B |
| La Crosse-Onalaska, WI-MN (4 branches) | 2 of 20 | 11.1% | $469.6M | $4.25B |
| Minneapolis-St. Paul-Bloomington, MN-WI (5 branches) | 41 of 124 | 0.2% | $389.7M | $252.68B |
| Rochester, MN (4 branches) | 7 of 34 | 4.4% | $331.7M | $7.58B |
| Red Wing, MN (2 branches) | 2 of 12 | 19.5% | $282.2M | $1.45B |
| Faribault-Northfield, MN (2 branches) | 5 of 10 | 12.3% | $217.6M | $1.77B |
| Eau Claire, WI (1 branch) | 12 of 22 | 2.6% | $95.1M | $3.73B |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Merchants Bank, N.A. (main office) | Winona, MN | 55987 | $557.2M |
| La Crescent Branch | La Crescent, MN | 55947 | $166.2M |
| Cannon Falls Branch | Cannon Falls, MN | 55009 | $160.1M |
| Onalaska Branch | Onalaska, WI | 54650 | $147.7M |
| Redwing Branch | Red Wing, MN | 55066 | $122.1M |
| Old Fnb of Northfield Branch | Northfield, MN | 55057 | $121.8M |
| Hastings Branch | Hastings, MN | 55033 | $113.1M |
| Caledonia Branch | Caledonia, MN | 55921 | $108.2M |
| Lanesboro Branch | Lanesboro, MN | 55949 | $96.4M |
| Northfield Branch | Northfield, MN | 55057 | $95.8M |
| Alliance Bank Branch | Eau Claire, WI | 54701 | $95.1M |
| Rosemount National Bank Branch | Rosemount, MN | 55068 | $90.3M |
| St. Charles Branch | St. Charles, MN | 55972 | $87.9M |
| Rushford Branch | Rushford, MN | 55971 | $81.6M |
| Rochester Northwest Plaza Branch | Rochester, MN | 55901 | $81.3M |
| Rochester Green Meadows Branch | Rochester, MN | 55902 | $72.5M |
| Cottage Grove Branch | Cottage Grove, MN | 55016 | $69.3M |
| Apple Valley Branch | Apple Valley, MN | 55124 | $62.6M |
| Lakeville Branch | Lakeville, MN | 55044 | $54.4M |
| Spring Grove Branch | Spring Grove, MN | 55974 | $47.5M |
| Goodview Facility | Winona, MN | 55987 | $35.2M |
| Merchants Lakeside Branch | Winona, MN | 55987 | $31.9M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 8866) · FFIEC NIC profile (RSSD 779351)