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Merchants Bank
✓ FDIC-insured · Active FDIC Certificate #8943
Merchants Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Rugby, North Dakota, established in 1897. As of the 06/30/2026 FDIC call report, it reported $254M in total assets and $223M in deposits. FDIC location data lists 6 offices across 2 states and territories, with the most in North Dakota (5). The FDIC classifies it as a community bank. It is owned by the holding company MERCHANTS HOLDING CO (Sioux Falls, SD).
Financial data as of the 06/30/2026 FDIC call report.
Branches by state
Merchants Bank has offices in 2 states and territories. Counts come from the FDIC's institution location records.
| State | Offices | Share |
|---|---|---|
| North Dakota | 5 | 83.3% |
| Montana | 1 | 16.7% |
Branch locations
| Merchants Bank Fairview Bank Branch · Full Service - Brick And Mortar | 216 S Ellery Ave Fairview, MT 59221 Map ↗ |
| Merchants Bank 202 Main Street South Branch · Full Service - Brick And Mortar | 202 Main St S Towner, ND 58788 Map ↗ |
| Merchants Bank Upham Branch · Limited Service - Drive Thru/Detached Facility | # 3 C Avenue South Upham, ND 58789 Map ↗ |
| Merchants Bank Granville Branch · Limited Service - Drive Thru/Detached Facility | 114 Main St S Granville, ND 58741 Map ↗ |
| Merchants Bank Merchants Bank · Full Service - Brick And Mortar | 210 S Main Ave Rugby, ND 58368 Map ↗ |
| Merchants Bank Mapleton Branch · Full Service - Brick And Mortar | 649 Knutson St Mapleton, ND 58059 Map ↗ |
Holding company: MERCHANTS HOLDING CO
The FDIC lists MERCHANTS HOLDING CO, based in Sioux Falls, SD, as the top holding company for Merchants Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in North Dakota
Active FDIC-insured banks headquartered in North Dakota with total assets closest to Merchants Bank's $254M. See all banks in North Dakota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| TruCommunity Bank | Garrison | $338M | 4 |
| Stock Growers Bank | Forman | $333M | 6 |
| The Union Bank | Beulah | $312M | 6 |
| Security First Bank of North Dakota | New Salem | $293M | 5 |
| Union State Bank of Hazen | Hazen | $257M | 4 |
| Peoples State Bank of Velva | Velva | $210M | 2 |
| State Bank & Trust of Kenmare | Kenmare | $201M | 3 |
| Horizon Financial Bank | Munich | $201M | 5 |
Merchants Bank: common questions
Is Merchants Bank FDIC-insured?
Yes. Merchants Bank is an active FDIC-insured institution, FDIC Certificate #8943. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Merchants Bank headquartered?
Merchants Bank is headquartered at 210 S Main Ave, Rugby, ND 58368, according to FDIC records.
How many branches does Merchants Bank have?
FDIC location data lists 6 offices for Merchants Bank in 2 states and territories. The most are in North Dakota (5), followed by Montana (1).
Who owns Merchants Bank?
The FDIC lists MERCHANTS HOLDING CO of Sioux Falls, SD as the top holding company for Merchants Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.