Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants”) today announces its official Grand Opening celebration of its new bank branch in Richmond, Indiana. The ribbon cutting ceremony will take place at 10:30 a.m. on Friday, Feb. 21 at 701 E. Main Street.
The 11,286-square-foot building – located in the heart of downtown Richmond – will house more than 20 employees with room for future expansion. As a full-service bank, Merchants will offer the Richmond community in-branch services, as well as online and mobile solutions to help address customer banking needs. The branch will provide an array of consumer and commercial products and services, as well as residential mortgage and agricultural lending. To efficiently service the needs of the bank and community, Merchants has hired several new associates to serve at the branch.
“We are excited to officially open our new branch in the city of Richmond,” said Scott A. Evans, Market President and Chief Operating Officer of Merchants Bank of Indiana. “As we continue to grow in the Hoosier state, we look forward to serving the citizens of Richmond for years to come.”
Coined as the “Grand Hop-ening,” the ribbon cutting ceremony will feature refreshments and a special appearance from Merchants’ frog mascot named Hopper. Richmond Mayor Dave Snow, Wayne County Chamber of Commerce CEO and President Melissa Vance, and Chairman and CEO of Merchants Bancorp Michael Petrie will speak at the celebratory event. Richmond locals are highly encouraged to attend the free Grand Opening festivities.
Merchants Bancorp, the holding company of Merchants Bank of Indiana has been named one of the Best Places to Work in Indiana four years in a row, and was recently ranked the #1 Best Performing Community Bank in Indiana – #6 Nationally – by S&P Global Market Intelligence for community banks with $3 to $10 billion in assets. With this new branch expansion, Merchants will have branches located in Carmel, Indianapolis, Lynn, Richmond, and Spartanburg, Indiana.
This news comes on the heels of the recent ribbon cutting of Merchants’ new, 120,000-square-foot corporate headquarters in Carmel, Indiana.