- CEO
- Michael F. Petrie
- Full Time Employees
- 663
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 410 Monon Boulevard Carmel IN United States of America 46032
- IPO Date
- Mar 17, 2021
- Business
- Merchants Bancorp (MBINN) is a diversified bank holding company headquartered in Carmel, Indiana, and founded in 2006 as an Indiana corporation registered under the Bank Holding Company Act of 1956. The company operates primarily through three segments: Multi-Family Mortgage Banking, which originates and services government-sponsored mortgages for multi-family rental housing and healthcare facilities, including senior living properties; Mortgage Warehousing, which provides funding for agency-eligible residential and commercial loans to non-depository financial institutions from origination or purchase until sale to investors; and Banking, which offers a broad range of financial products and services to consumers and businesses, including commercial loans, commercial real estate loans, residential mortgages, other consumer loans, letters of credit, checking accounts, savings accounts, time deposits, and retail and correspondent residential mortgage banking. It also focuses on FHA multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, small business lending, agricultural lending, and traditional community banking, primarily serving the United States market. In recent developments, Merchants Capital, a key subsidiary, surpassed $1.08 billion in tax credit equity fund investments closed for the year ended December 31, 2024, comprising $900 million in multi-investor offerings, $68.8 million in state credit syndications, and $1.1 billion in proprietary fund investments, with notable closings including the $131.2 million Merchants Capital Tax Credit Equity Fund 21 in January 2025 and the $293 million Merchants Capital Tax Credit Equity Fund 19 in September 2024.