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Merchants and Planters Bank

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Merchants and Planters Bank Rates & Review May 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Merchants and Planters Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: May 15, 2026

You can compare Merchants and Planters Bank rates to other rates in our database, including 12-month CD rates currently at 2.00%, 6-month CD rates at 3.20% and 3-month CD rates at 0.05%. Savings rates are at 0.01% and money market rates are at 0.10%. Mortgage rates on 30-year fixed loans are around 5.53%. All these rates can be compared to Merchants and Planters Bank rates. MonitorBankRates evaluates the financial stability of Merchants and Planters Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.28%. Rates were last updated on 05/15/2026.

Merchants and Planters Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Merchants and Planters Bank? Share your experience about Merchants and Planters Bank by leaving a review below, or read customer reviews before you decide to use Merchants and Planters Bank.

Verified Strong Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.28%

Excellent Lower than avg

Merchants and Planters Bank

308 Raymond Sq
Raymond, MS 39154

http://www.mpbank.net

Current Rate Availability

We do not have Merchants and Planters Bank rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Merchants and Planters Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Merchants and Planters Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Merchants and Planters Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Merchants and Planters Bank

FDIC Certificate # 327

Address 308 Raymond Sq, Raymond, MS 39154 · Hinds

Website https://www.mpbank.net

Established 02/01/1906

FDIC Insurance Date 01/01/1934

Domestic Offices 6

Total Branches 6

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

1.28%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 3.0676%

Return on Equity (ROE) 21.6700%

Non-Performing Loans (NPL) 0.01%

Total Assets $224,954,000

Total Deposits $188,743,000

Equity Capital $35,594,000

Net Income $2,621,000

Headquarters Raymond

Total Offices 6

Source: FDIC | Last Updated 12/31/2025

2026 MBR Health & Safety Badge

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Frequently Asked Questions About Merchants and Planters Bank

How many branches does Merchants and Planters Bank operate?

Merchants and Planters Bank currently maintains approximately 6 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Merchants and Planters Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Merchants and Planters Bank provides members with tools to manage their accounts and build a solid financial history.

Does Merchants and Planters Bank offer online and mobile banking?

Most modern institutions like Merchants and Planters Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mpbank.net.