Freeman, SD
Bank Merchants State Bank
Merchants State Bank is a federally insured bank based in Freeman, South Dakota.
- Type
- Bank
- Charter
- State-chartered commercial bank, Federal Reserve member
- Primary regulator
- FED
- Established
- August 8, 1899
- Headquarters
- Freeman, SD
- FDIC certificate #
- 1125
- Fed RSSD ID
- 289757
- Holding company
- H & W Holding Co
- Website
- www.msb-sd.com
$217.6M
Total assets Data as of Q1 2026
$176.5M
Total deposits Data as of Q1 2026
4
Branch locations Data as of Q1 2026
$895K
Net income Data as of Q1 2026
1.63%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
Merchants State Bank operates 4 branch locations in South Dakota. Select a state to drill down to its towns and individual branches.
Ownership
Merchants State Bank is owned by H & W Holding Co. See the full ownership & merger history.
Merchants State Bank financial summary
Other banks in South Dakota
Federally insured banks headquartered in South Dakota, by total assets.
- Citibank, National Association $1.93T
- Wells Fargo Bank, National Association $1.85T
- The Bancorp Bank, National Association $9.9B
- Pathward, National Association $7.11B
- First Bank & Trust $4.87B
- Dacotah Bank $4.87B
- First PREMIER Bank $3.55B
- First Dakota National Bank $3.3B
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