Travel plans for Independence Day? Let us know if you’ll be traveling out of the tri-state area to ensure your Merchants Bank debit or credit cards continue to work. Submit a travel alert in Online & Mobile Banking or call us at (866) 496-0522. Have a safe holiday!
| Monday | 9:00 a.m. - 4:00 p.m. |
|---|---|
| Tuesday | 9:00 a.m. - 4:00 p.m. |
| Wednesday | 9:00 a.m. - 4:00 p.m. |
| Thursday | 9:00 a.m. - 4:00 p.m. |
| Friday | 9:00 a.m. - 5:00 p.m. |
| Saturday | Closed |
| Sunday | Closed |
| Monday | 7:30 a.m. - 5:00 p.m. |
|---|---|
| Tuesday | 7:30 a.m. - 5:00 p.m. |
| Wednesday | 7:30 a.m. - 5:00 p.m. |
| Thursday | 7:30 a.m. - 5:00 p.m. |
| Friday | 7:30 a.m. - 5:30 p.m. |
| Saturday | 8:00 a.m. - 12:00 p.m. |
| Sunday | Closed |
Local Leadership
Our Caledonia location is guided by our local President and Community Advisory Board, made up of local community members and business professionals.
Community Involvement
Being a community leader is who we are. Our team volunteers thousands of hours each year in leadership and education roles in addition to local events.
We celebrate our farmers during harvest season with a Corn and Brat Blast each fall as the first sweet corn is coming out of the fields. Our local team is proud to be involved in volunteer efforts in Caledonia and the surrounding communities.
Our History
Merchants acquired Sprague National Bank in Caledonia in 1993. The bank was originally established in 1875 by Ara David Sprague and J.C. Easton, making it one of the oldest financial institutions in Minnesota.
Before acquisition, the bank was owned by the third generation of the Sprague family, and it was important to Merchants to keep the family named preserved in the Caledonia community. In addition to dedicating the “Sprague Room” in the Caledonia Community Center, Merchants also worked with the City to formally name the city block Sprague Square and change the Bank’s Caledonia address to 1 Sprague Square.
