# Merchants Bank IN

> Merchants Bank of Indiana is a Carmel-based bank combining national mortgage warehouse and multifamily financing with personal, business, SBA, and agricultural banking. It is a subsidiary of Nasdaq-listed Merchants Bancorp, and its current business grew from the mortgage firm founded by Michael Petrie and Randall Rogers in 1990.

- **Founded:** 1923
- **Headquarters:** Carmel, United States
- **Founders:** Michael F. Petrie (Co-founder of the modern Merchants business; bank chairman), Randall D. Rogers (Co-founder of the modern Merchants business; retired from the bank board in 2026)
- **Products:** Mortgage Warehouse Lending, Merchants Mortgage, Multifamily Finance through Merchants Capital, SBA Lending, Agricultural Lending
- **Notable:** Entered mortgage warehouse lending in 2009 during a retreat by other lenders., Parent company listed on Nasdaq as MBIN in 2017., Opened the 120,000-square-foot Carmel headquarters in 2019 and a connected 110,000-square-foot expansion in 2025.

## Products & services

- **Mortgage Warehouse Lending** — National credit lines and loan participations for single-family and multifamily mortgage bankers.
- **Merchants Mortgage** — Retail and correspondent single-family mortgage origination and servicing, including agency and non-agency programs.
- **Multifamily Finance through Merchants Capital** — Construction, bridge, and permanent financing, tax credit equity, and loan servicing for market-rate and affordable rental housing.
- **SBA Lending** — SBA 7(a), SBA 504, and USDA B&I financing; SBA Preferred Lender status supports delegated credit decisions.
- **Agricultural Lending** — Operating credit, equipment loans, farm real estate mortgages, and FSA-guaranteed loans.
- **Personal and Business Deposits** — Checking, savings, money market accounts, health savings accounts, fixed-rate CDs, and the variable-rate Flex Index CD.
- **Treasury Management** — ACH, wire transfers, remote and mobile deposits, zero balance accounts, alerts, reporting, and fraud prevention.
- **Client Deposit Services** — Deposit solutions for wealth advisors, associations, nonprofits, family offices, and other organizations; additional insurance through IntraFi subject to eligibility and placement terms.
- **All In One Loan** — A home-financing product combining banking functionality with borrowing; savings depend on borrower cash flows and product terms.

## Achievements

- Entered mortgage warehouse lending in 2009 during a retreat by other lenders.
- Parent company listed on Nasdaq as MBIN in 2017.
- Opened the 120,000-square-foot Carmel headquarters in 2019 and a connected 110,000-square-foot expansion in 2025.
- Parent reported $21.2 billion in consolidated assets and $14.3 billion in deposits at June 30, 2026.
- Reported $9.4 million in combined SBA funding for three highlighted businesses in October 2026.

## Latest updates

- **2026-07** — Parent Merchants Bancorp reported second-quarter net income of $78.3 million and a $9.2 million credit-loss provision; consolidated assets reached $21.2 billion.
- **2026-10** — October 1: announced Vantaca integration for community association banking.
- **2026-10** — October 15: announced five-year Indiana Athletics jersey patch program across 24 varsity sports.
- **2026-10** — October 23: SBA recap highlighted a manufacturer, bird-toy wholesaler, and bakery receiving $9.4 million in combined financing.

## Links

- Website: https://bankmerchants.com
- LinkedIn: https://www.linkedin.com/company/merchants-bank-in/
- Twitter/X: https://twitter.com/MerchantsBankIN
- YouTube: https://www.youtube.com/channel/UCnfH15vAfwE1x9b8tYdkFxg
- Instagram: https://www.instagram.com/merchantsbankin/
- Facebook: https://www.facebook.com/merchantsbankin

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Profile page: https://yespress.io/merchants-bank-in
Published by YesPress — https://yespress.io
Last updated: 2026-10-24