Merchants Financial Group, Inc.
MFGI
Other OTC38.25
USD
- -
- -
ISIN
US5885381088
CUSIP
588538108
Return %
Stock
S&P500
1Y
53.00
26.53
3Y
36.61
76.60
5Y
59.31
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gregory Evans
- Full Time Employees
- 450
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 102 East Third Street Winona MN United States of America 55987
- IPO Date
- Oct 7, 2003
- Website
- merchantsbank.com
- Similar Companies
- Business
- Merchants Financial Group, Inc. functions as the parent entity for Merchants Bank, National Association, delivering a comprehensive array of banking products and services to individuals, families, businesses, and agricultural operations across southeastern Minnesota and west-central Wisconsin. The institution provides diverse deposit options including checking, savings, money market, health savings, and individual retirement accounts, alongside various certificates of deposit, notably its flexible index CD. Its lending portfolio is extensive, covering personal loans for vehicles, recreational equipment, and debt consolidation, as well as a wide range of mortgage solutions for residential, construction, home equity, and vacant lot needs. For commercial clients, the bank offers real estate, construction, equipment finance through its leasing division, floor plan, fleet/truck, small business administration (SBA), and agricultural loans, including working capital and input cost financing. Complementing these offerings are debit, gift, travel, and credit cards, along with sophisticated investment management, trust and fiduciary services, and treasury management solutions. Customers also benefit from modern mobile and online banking platforms. Founded in 1875 and headquartered in Winona, Minnesota, Merchants Financial Group, Inc. has grown to manage over $2.7 billion in assets, making it a prominent independent financial organization in its operating region. The company recently marked its 150th anniversary in July 2025, reporting strong financial performance with second-quarter net income of $14.23 million. It maintains a network of more than 20 branch locations throughout Minnesota, including communities like Apple Valley, Caledonia, Cannon Falls, Cottage Grove, Goodview, Hampton, Hastings, La Crescent, Lakeville, Lanesboro, Northfield, Red Wing, Rochester, Rosemount, Rushford, St. Charles, Spring Grove, and Winona, along with Wisconsin branches in Eau Claire and Onalaska. Additionally, its equipment finance division operates from Edina, Minnesota.