- CEO
- Michael F. Petrie
- Full Time Employees
- 735
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 410 Monon Boulevard Carmel IN United States of America 46032
- IPO Date
- Sep 26, 2022
- Business
- Merchants Bancorp functions as a diversified bank holding enterprise within the United States, recognized as a top-performing U.S. public bank by S&P Global Market Intelligence. The company conducts its operations through several key divisions: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment specializes in originating and servicing government-backed mortgages for multi-family rental properties and healthcare facilities, including bespoke loan options for independent living, assisted living, memory care, and skilled nursing projects. This division also serves as a syndicator for low-income housing tax credit and debt funds. The Mortgage Warehousing segment provides financing for agency-eligible residential loans to non-depository financial institutions, encompassing their origination, purchase, and subsequent sale in the secondary market, alongside offering commercial loans. The Banking segment delivers an extensive array of financial products and services to individual consumers and businesses, featuring various deposit accounts such as checking, savings, and time deposits. It also offers commercial, multi-family construction and bridge, commercial real estate, industrial, agricultural, residential mortgage, and diverse consumer loan solutions, encompassing single-family mortgage lending, construction and lot financing, first-lien home equity lines of credit, and Small Business Administration lending programs. Established in 1990, Merchants Bancorp maintains its principal office in Carmel, Indiana.