Online Banking Maintenance
Online banking will be down on Saturday from 1-2am
Hours
Lobby Hours
| 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 |
Drive Up Hours
| 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 |
Observed Holidays
- January 1
- Closed for New Year's Day
- May 30
- Closed for Memorial Day
- July 4
- Closed for Independence Day
- September 5
- Closed for Labor Day
- November 24
- Closed for Thanksgiving
- December 24
- Open until 12:00 p.m. for Christmas Eve
- December 26
- Closed for Christmas
Services
- Notary
- Drive Up ATM
- Safe Deposit Box
Local Leadership
Our Caledonia location is guided by our local President and Community Advisory Board, made up of local community members and business professionals.
President: Matt Schuldt
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 Community Banking Month each April by hosting a Community Appreciation Picnic and 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.
Upcoming Events
Check back soon for upcoming local events. Click here to see our company-wide calendar events.
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.