MFGIMerchants Financial Group, Inc.

About Merchants Financial Group, Inc. (MFGI)

Merchants Financial Group, Inc. (MFGI) is a Banks - Regional company headquartered in Winona, MN, United States whose shares trade over-the-counter on the Pink tier.

Merchants Financial Group, Inc. is the holding company of Merchants Bank, NA. Ownership is made up of its more than 400 employees through an ESOP, and mostly individuals and families from southeastern Minnesota and west-central Wisconsin. Merchants Bank is a full service community bank with 23 bank locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Merchants also provides trust and investment services as well as a mortgage correspondent network that has created over $2.5 billion in mortgage loans serviced. Headquartered in Winona, MN, Merchants was founded in 1875.

Products and services

Your community bank, helping fulfill hopes and dreams * We're here to be a trusted financial partner for you, helping you fulfill your hopes and dreams, and are committed to building strong communities together. Local Commitment and Community Support * When the community thrives, the bank will too. As your community bank, it's our responsibility to give back to the communities we serve. Local Leadership * We value local decision-making and encourage our local leaders to do what's best for the specific needs of your community. Our local advisory boards, made up of local leaders from a wide range of industries, also provide meaningful feedback and strategic direction. Serving You * Through every interaction you have with Merchants Bank, we aim to provide exceptional experiences, including the teams and processes that support your local branch and bankers. You'll find we can help with the traditional banking services you'd expect, along with more specialized areas such as Trust and estate services, Investment services* and Correspondent mortgage lending.

MFGI key facts

Ticker symbol

MFGI

Market tier

Pink

Sector

Financial Services

Industry

Banks - Regional

Headquarters

Winona, MN, United States

Country of incorporation

US

Year of incorporation

1982

Employees

401

Estimated market cap

$204.47M (as of May 8, 2025)

Shares outstanding

8,178,741

Reporting standard

U.S. Reporting: Bank/Thrift

Audit status

Audited

Fiscal year end

12/31

Latest filing

Quarterly Report (Mar 31, 2025)

Merchants Financial Group, Inc. leadership

• Greg Evans — CEO, President
• Susan M Savat — CFO, Senior VP
• Cindy L. Harrison — CCO
• Jess Wiese — Other

Explore more: Banks - Regional stocks · Financial Services sector · Pink stocks · OTC stocks starting with M