Winona, Minn. – Merchants Bank has announced the permanent closure of its Hampton branch, located at 23280 Main Street in Hampton, MN. The decision comes after a fire incident in October caused the branch to temporarily close. A thorough evaluation of the necessary steps to re-open, as well as the Bank’s long-term business strategies, drove the decision to make the branch closure permanent.
Merchants Bank’s commitment to providing exceptional banking services and meeting the evolving needs of customers remains steadfast. While the decision was difficult, after careful consideration and analysis, Merchants determined that closing the Hampton branch is the best course of action.
“We are confident that we can continue to serve our valued customers in the region with minimal disruption,” shared Greg Evans, President & CEO for Merchants Bank. “With three Merchants Bank branches located within a 15-mile radius of Hampton, our nearby bankers are ready to be of assistance.”
The Bank remains dedicated to the communities it serves. Merchants plans to continue investing in initiatives and local organizations to ensure the well-being and prosperity of local communities in the Bank’s footprint.
Merchants Bank is a full-service community bank with locations in southeastern Minnesota and west-central Wisconsin and a leasing division, Merchants Bank Equipment Finance, in Edina. Headquartered in Winona, MN, MFGI has more than $2.6 billion in assets. Merchants was founded in 1875. Member FDIC.
