Listed locations
3
Institution profile
Merchants State Bank
Identity verified through FDIC; additional sources pendingVerification describes the US Mortgage Index public-source matching process. It is not an endorsement or recommendation. Read the methodology
Public-record data only. Not a recommendation, lender endorsement, or rate comparison. Verify current licensing, product availability, and terms independently.
FDIC BankFind baseline
FDIC-reported identity and institutional fields from the public BankFind record. These values are not described as current or real-time.
- Legal name
- Merchants State Bank
- Display name
- Merchants State Bank
- Institution status
- Active
- FDIC insured
- Yes
- FDIC insured since
- January 1, 1934
- Established date
- August 8, 1899
- Charter class
- State-chartered commercial bank, member of the Federal Reserve System (FRS)
- Primary federal regulator
- Federal Reserve Board
- Headquarters
- Freeman, SD, 57029, United States
- Website
- https://www.msb-sd.com
- FDIC certificate number
- 1125
- Federal Reserve RSSD ID
- 289757
- Domestic location count
- 4
- Source observed
- August 5, 2026
Regulatory profile
Public FFIEC NIC and CRA records for this institution, presented as source-backed regulatory context rather than a score or recommendation.
Regulatory identity
- Institution status
- ACTIVE
- Primary federal regulator
- FRS
- Institution type
- State Member Bank
- Primary activity
- NAICS 52211
- FDIC certificate
- 1125
- Federal Reserve RSSD ID
- 289757
- Headquarters
- 305 S. Main, Freeman, SD, 57029, United States
- Primary deposit insurer
- Deposit Insurance Fund (DIF)
- Source observed
- August 19, 2026
Branch network
Showing 1 through 3 of 3 listed locations
Scroll sideways to see every branch column.
| Branch | Address | City | State | Postal code |
|---|---|---|---|---|
| HURLEY BRANCH | 606 Center Avenue | Hurley | SD | 57036 |
| IRENE BRANCH | 209 Main Street | Irene | SD | 57037 |
| VIBORG OFFICE | 201 N. Main St. | Viborg | SD | 57070 |
Community Reinvestment Act (CRA)
Latest available CRA evaluation
- Rating
- Outstanding
- Exam date
- March 17, 2025
- Regulator
- Federal Reserve
- Examination method
- Small Bank
This information reflects Community Reinvestment Act examination ratings reported by the cited official source. It is not a US Mortgage Index rating, recommendation, or assessment of the institution.
CRA evaluations are examination results from the relevant regulatory process and should be interpreted in the context of the examination date and source.
Historical CRA evaluations
Scroll sideways to see every CRA examination column.
| Exam date | CRA rating | Regulator | Examination method |
|---|---|---|---|
| March 17, 2025 | Outstanding | Federal Reserve | Small Bank |
| February 4, 2020 | Satisfactory | Federal Reserve | Small Bank |
| November 17, 2015 | Satisfactory | Federal Reserve | Small Bank |
| August 15, 2011 | Satisfactory | Federal Reserve | Small Bank |
| May 29, 2007 | Satisfactory | Federal Reserve | Small Bank |
| May 27, 2003 | Satisfactory | Federal Reserve | Small Bank |
| April 12, 1999 | Satisfactory | Federal Reserve | Small Bank |
| January 7, 1997 | Satisfactory | Federal Reserve | Small Bank |
FFIEC-reported organizational relationships
1 FFIEC NIC relationship record
Showing 1 of 1 relationship records
| Relationship | Institution | Type | Location |
|---|---|---|---|
| ROOT_INSTITUTION | MERCHANTS STATE BANK | State Member Bank | Freeman, SD |
These relationships reflect the FFIEC NIC source display and should not be interpreted as a complete legal ownership analysis.
FFIEC NIC information reflects public regulatory records observed on the displayed source date. Observed dates describe when the public record was reviewed, not a real-time update.
Additional profile fields
Fields below supplement the primary source baseline and are shown only when present on the public profile.
- Entity type
- FDIC-insured state-chartered member bank