Merchants Bancorp is a diversified financial holding company headquartered in Carmel, Indiana. Through its subsidiaries, the company provides banking, mortgage finance and multifamily housing finance services to businesses, real estate professionals, investors and consumers.
Its operating businesses include Merchants Bank of Indiana, which offers commercial and residential banking products, deposit accounts, commercial real estate lending and warehouse financing. The company also provides mortgage warehouse facilities to residential mortgage originators, enabling them to fund loans before they are sold into the secondary market.
Merchants Bancorp is also active in multifamily and healthcare finance, originating and servicing loans for apartment communities, affordable housing developments, senior housing and related healthcare properties. Its lending activities serve customers across the United States, while its banking operations are centered in Indiana.
The company was established in 2007 and was founded by Michael R. Petrie, who serves as its chairman and chief executive officer. Merchants Bancorp is publicly traded, and MBINN represents a preferred securities issue associated with the company.
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