CARMEL, Ind. – Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants Bank”), today announces the hiring of Robert Stringer as Vice President, Business Development Officer, Small Business Administration (SBA) Lending. Currently, Stringer is working from his home in Dallas, Texas.
Stringer brings more than 10 years of experience to his new role at Merchants Bank, having most recently served as senior vice president, loan production officer at Bank of Hope in Dallas. In this position, Stringer was responsible for more than $6 million in SBA 7(a) loan originations.
In his new role with Merchants Bank SBA Lending, Stringer will be responsible for originating SBA 7(a) and 504 loans as well as leveraging his existing referral network and business contacts within the Dallas area and throughout the larger central south region. Additionally, Stringer will oversee strategy development for generating new business and more.
“It is an honor to welcome Robert to the SBA Lending team at Merchants Bank,” said Jeff Scott, President of SBA Lending at Merchants Bank. “As the world continues to withstand the unprecedented challenges posed by COVID-19, it is more important than ever to support small businesses across the country. Robert’s experience and expertise in SBA Lending will strengthen our team, allowing us to continue providing top-tier services for our clients.”
Prior to his role at Bank of Hope, Stringer served as vice president, government-guaranteed lending division (GGLD) business development officer for Veritex Community Bank Dallas, where he originated more than $60 million in SBA 7(a) and 504 loans combined. He also served as vice president, business development officer for Capital CDC Dallas where he originated nearly $10 million in both SBA 7(a) and 504 loans individually for four consecutive years.
Stringer is a graduate of Texas A&M University with a bachelor of business administration in marketing. He also received an MBA management from the University of Dallas.
To learn more about Merchants Bank of Indiana, visit www.merchantsbankofindiana.com or find Merchants Bank on Facebook, LinkedIn, Twitter and Instagram.
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