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About Merchants Bank:
Merchants Bank, headquartered in Burlington, VT, is the 491st largest bank in the U.S. Merchants Bank is also the largest bank in VT.
- Merchants Bank (as of 3/31/2009) has 35 branches and employs 304 people full-time.
- GENERAL EDUCATIONAL FUND, INC., the holding company of Merchants Bank, was established on 1/1/1849.
- Merchants Bank has $1.4 Billion in total assets and the net operating income of Merchants Bank is $3 Million.
- Merchants Bank is just one of many thousands of banks across the United States - and if you're looking for the best CD Rates or High-Yield Savings accounts on an FDIC-insured account, having several banks bid against each other in a live auction is one of the most efficient ways to get great rates. Run a free, live auction: Compare Merchants Bank to MoneyAisle's CD rates. The entire process only takes a couple of minutes.
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Merchants Bank - Fast Facts
- Bank Legal Name: The Merchants Bank
- FDIC #: 6268
- Headquarters: Burlington, VT
- Date Established: January 01, 1849
GENERAL EDUCATIONAL FUND, INC. - Financials
GENERAL EDUCATIONAL FUND, INC. is the holding company for Merchants Bank
(FDIC #6268). Financials below apply to GENERAL EDUCATIONAL FUND, INC.
holding company.
|
Q4-08 |
Q1-09 |
Change |
| Rank in US by Asset Size |
483 |
491 |
8 |
| Total Assets |
$1,346 M |
$1,353 M |
$8 M |
| Cash & Balances Due from Depository Institution |
$36 M |
$33 M |
$3 M |
| Total Deposits |
$931 M |
$977 M |
$45 M |
| Total Liabilities |
$1,247 M |
$1,250 M |
$3 M |
| Net Operating Income |
$13 M |
$3 M |
$10 M |
| Net Interest Income |
$46 M |
$13 M |
$33 M |
| Branches |
35 |
35 |
0 |
| Employees |
301 |
304 |
3 |
Data from FDIC as of 12/31/2008 and 3/31/2009