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Merchants Bancorp (MBIN)

NasdaqCM - NasdaqCM Real-time price. Currency in USD
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45.26+1.32 (+3.00%)
At close: 04:00PM EDT
45.26 0.00 (0.00%)
After hours: 04:20PM EDT

Merchants Bancorp

410 Monon Boulevard
Carmel, IN 46032
United States
317 569 7420

Sector(s)Financial Services
IndustryBanks - Regional
Full-time employees618

Key executives

NameTitlePayExercisedYear born
Mr. Michael F. Petrie CMBCo-founder, Chairman & CEO1.89MN/A1954
Mr. Michael J. DunlapPresident, COO & Director1.66MN/A1966
Mr. John F. MackeExecutive VP, CFO & Principal Accounting Officer626kN/A1965
Mr. Martin A. SchroeterPresident of Warehouse Lending1.21MN/A1963
Mr. Michael R. Dury M.B.A.President & CEO of Merchants Capital Corp6.29MN/A1985
Ms. Vickie VandivierExecutive VP & Investment OfficerN/AN/AN/A
Mr. Kevin T. LangfordExecutive VP & Chief Administrative OfficerN/AN/A1968
Tami DurleManager SEC ReportingN/AN/AN/A
Mr. Terry A. OznickExecutive VP & General CounselN/AN/A1984
Mr. Jeffery L. ScottPresident & Executive VP of SBA LendingN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

Corporate governance

Merchants Bancorp’s ISS governance QualityScore as of 1 July 2024 is 8. The pillar scores are Audit: 6; Board: 9; Shareholder rights: 7; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.