CARMEL, Ind. – Merchants Bank of Indiana CEO and Chairman Michael F. Petrie was recently honored at the Indiana University Kelley School of Business 50th Annual Awards Gala for his professional achievements.
“I am humbled to be named into the Kelley School of Business Academy of Alumni Fellows,” said Michael F. Petrie, CEO and chairman of Merchants Bank of Indiana. “The Kelley School taught me tenacity and humility, as well as the drive to improve my company and my community. I am proud to be a part of the Kelley family.”
Merchants Bank of Indiana is a $4.0 billion bank headquartered in Carmel, Indiana. Petrie also serves as chairman and CEO of Merchants Capital Corp., which he founded in 1990 with his business partner Randall Rogers. Merchants Capital is a mortgage banking firm specializing in multifamily housing and healthcare facilities finance. The company has closed more than $13.8 billion in loans and currently services loans in excess of $10 billion.
Petrie is a 1979 graduate of the Kelley School of Business, where he majored in finance. He received his MBA from Kelley in 1983. In 1999, Petrie earned his Certified Mortgage Banker designation (CMB) and received the Accredited Mortgage Professional Designation (AMP) in 2004.
Petrie is active in the industry and in the community. He currently serves on the board of directors for the Indianapolis Chamber of Commerce, the Indiana Affordable Housing Council (IAHC) and the Indianapolis Neighborhood Housing Partnership (INHP). Additionally, he serves on the national board for the IU Varsity Club and the advisory board for the IU Center for Real Estate Studies.
Petrie also serves on the board of directors and is president of Highland Golf and Country Club, the Highland Golf Academy Foundation and the Highland Golf Country Club Foundation. He is also the founder and chairman emeritus of Merchants Affordable Housing Corp, a 501c3 not-for-profit affordable housing provider operating more than 2,500 units in Indiana.