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Merchants Bank Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Merchants Bank data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About Merchants Bank
Merchants Bank is a community-focused financial institution headquartered in Winona, Minnesota. Founded in 1875, the bank has a history of providing traditional banking services to individuals, families, and businesses in Minnesota and Wisconsin.
Over the years, Merchants Bank has grown by acquiring smaller banks and expanding its branch network and has 236 employees listed on LinkedIn.
What Happened?
On September 11, 2024, Merchants Bank experienced a data security incident involving unauthorized access to an employee's email account. The bank discovered on February 24, 2025, after a thorough investigation, that the compromised email account contained sensitive consumer information.
The bank reported the breach to the Maine Attorney General's office on April 10, 2025, and began notifying affected consumers via written notice on March 25, 2025. According to the disclosure, a total of 6,113 individuals across the United States were impacted, including at least 2 residents of Maine.
Merchants Bank has stated that there is currently no evidence indicating misuse of the exposed information. However, affected individuals have been offered complimentary identity monitoring services through Experian as a precaution.
Your Rights and Next Steps
If you received a notification from Merchants Bank regarding this data breach, it is important to understand your rights and take steps to protect yourself.
First, consider enrolling in the complimentary identity monitoring services offered by Merchants Bank through Experian. This service can help you monitor your credit and personal information for potential misuse.
You also have the right to place a fraud alert or a security freeze on your credit files. A fraud alert notifies creditors to verify your identity before opening new accounts, while a security freeze restricts access to your credit report entirely, preventing new accounts from being opened in your name without your explicit consent.
If you suspect fraudulent activity or identity theft, you should immediately contact your local law enforcement agency and file a police report. You may also file a complaint with the Federal Trade Commission (FTC).
You May Be Entitled to Compensation
If your personal information was exposed in the Merchants Bank data breach, you may be eligible for compensation. Data breach victims often face stress, inconvenience, and the risk of identity theft or fraud. Lawyers are ready to help you understand your legal options and pursue any compensation you may be entitled to receive.
To find out if you qualify to join a data breach lawsuit and potentially recover compensation, complete the below form. Lawyers are ready to assist you every step of the way and help you protect your rights.
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