Deposit Operations Manager

Deposit Operations Manager Merchants Bank

102 E 3rd Street, Winona, MN 55987

Merchants Bank, Winona, has an opening for a Deposit Operations Manager.

The position oversees Deposit Operations functions, ensuring the accuracy, efficiency, and compliance of the bank’s deposit services.

• Electronic banking
• ACH origination
• Overdraft/NSF processing
• Deposit account maintenance
• Vault and ATM management

The role will develop and maintain operational policies and procedures, improving efficiency through automation and technology, and ensuring strong internal controls. Provides daily oversight, coaching, and development for department staff, serving as back‑up support. The position fosters a culture of accountability, accuracy, and service excellence while ensuring regulatory compliance and superior support to both internal and external customers.

• 5+ years of progressive experience in banking operations required with at least 3 years as a supervisor desired.
• A Bachelor’s degree in Finance, Business Administration, Accounting or related field preferred.
• Must have strong problem‑solving and analytical skills and the ability to identify and implement process improvements.
• Excellent communication skills and proven ability to lead a team required.

• Health, dental, life, disability and vision insurance
• Flexible spending accounts
• 401(k) and ESOP retirement plans
• Bonus plan
• Paid time off
• Tuition reimbursement
• Variety of voluntary supplemental insurance options

Please apply online at  or in person at Merchants Bank, Winona (102 E 3rd Street). Questions can be emailed to

Merchants Bank is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

MBA Job number/Date Added

H-8085: 12/31/25