Merchants Bank, National Association

Phone

The FDIC record has no phone number. Try the lender's website.

Website

www.merchantsbank.comFrom the FDIC record, November 9, 2026.

Commercial lending page

merchantsbank.comFrom the lender's website, retrieved November 11, 2026.

Address

100 E 3rd St, Winona, MN 55987FDIC institution record, Nov 9, 2026

Regulator record

FDIC BankFind

Recorded lending. Two or more public files show loans this lender made.

What changed. Merchants Bank, National Association originated 19 multifamily loans in 2025, versus 14 in 2024. HMDA, 2025

Reference only: $469M of 1-4 family residential loans, which call reports cannot split owner-occupied from investor. Excluded from the totals above.

How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its FDIC certificate number. SBA 504 first liens: name and lender office city.

Programs on record: Federal Home Loan Bank member, Des Moines district (FHFA).

• Merchants Bank, National Association reported making 833 small business loans totaling $158,730,000 in 2024, in its Community Reinvestment Act filing (FFIEC, calendar 2024).
• By size when made: 437 of $100,000 or less, 205 over $100,000 up to $250,000, 191 over $250,000 up to $1 million.
• 321 of them, totaling $37,869,000, went to businesses with revenue of $1 million or less.
• Merchants Bank, National Association reported making 280 small farm loans totaling $32,929,000 in 2024, in its Community Reinvestment Act filing (FFIEC, calendar 2024).
• By size when made: 177 of $100,000 or less, 66 over $100,000 up to $250,000, 37 over $250,000 up to $500,000.
• 237 of them, totaling $23,261,000, went to farms with revenue of $1 million or less.

In this filing a small business loan is a commercial and industrial loan, or a loan secured by nonfarm nonresidential property, of $1 million or less when it was made. Multifamily loans are not included.

Only banks with about $1.6 billion or more in assets must file this data. The cutoff is set each year; it was $1.564 billion for 2024. A bank that is not listed here can still make small business loans.

How this filing was tied to this bank: OCC charter via FFIEC POR + transmittal RSSD.

• Merchants Bank, National Association reported commitments to fund construction loans that had not been drawn at June 30, 2026: $17,180,000 for 1-4 family residential construction and $22,310,000 for commercial real estate, other construction and land development (FFIEC Call Report). A commitment is an agreement to fund a loan if it is drawn. It is not a loan made.
• Undrawn commitments to commercial and industrial borrowers at June 30, 2026: $185,368,000. These are credit lines not yet used.

FFIEC Call Report, Jun 30, 2026

Loans held on the report date, grouped by the amount when each loan was made. Not loans made in a period.

• Merchants Bank, National Association has 22 offices in 10 counties and 2 states (FDIC Summary of Deposits, June 30, 2026): 22 full service and 0 limited service.

Loan production offices are not in this file. A bank with no office here can still lend here.

Our calculation: construction, multifamily and non-owner-occupied nonfarm nonresidential loans, divided by tier 1 capital plus the allowance for loan losses. It is not the test in the 2006 interagency guidance on commercial real estate concentrations (December 12, 2006; OCC Bulletin 2006-46, Federal Reserve SR 07-1). That guidance measures against total risk-based capital, also counts loans that finance commercial real estate but are not secured by real estate, and looks more closely when construction and land loans reach 100% of that capital, or commercial real estate loans reach 300% of it and have grown 50% or more in the prior 36 months. This figure uses a different capital base, leaves out the unsecured loans and applies no growth condition. The guidance sets no limit on lending. Not a rating, and not a statement about safety or deposits.

• Of 114 1-4 unit investor loans with a known channel in 2025, 1 (0.9%) came through a third party. HMDA, 2025

Third party includes correspondents as well as brokers. No figure here means no evidence, not a refusal.

Preferred Lender authority

18 loans (56.3%)

SBA Express

13 loans

Approval to first disbursement

14.5 days, median of 30

SBA FOIA, Sep 30, 2026 SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.

Compare these lenders side by side

Regulator

Office of the Comptroller of the Currency

FDIC certificate

8866

RSSD

779351

LEI

549300OZIFHR7THILC90

The Lender Report ID

lr_000631

FDIC classifies this bank as

Commercial Lending Specialization

Ownership

Stock

FDIC institution record, Nov 9, 2026 The classification is FDIC's description of the balance sheet. It is not a statement about what the bank will lend on.

Sources

• FDIC institution record, November 9, 2026
• FDIC office list, October 28, 2026
• FDIC call report, June 30, 2026
• FDIC call report, June 30, 2025
• HMDA, 2025
• SBA FOIA, September 30, 2026
• FFIEC Call Report, June 30, 2026
• FDIC call reports, June 30, 2026
• FFIEC CRA disclosure data, 2024
• FDIC Summary of Deposits, June 30, 2026

Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.

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