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Merchants Mortgage Adds Two Loan Originators to Division

CARMEL, Ind. – Merchants Mortgage, a division of Merchants Bank of Indiana (NASDAQ: MBIN) (“Merchants Bank”), has announced that Mark Harvey and Kate Vanderpool have joined the company as Mortgage Loan Originators. Harvey will work out of the Merchants Bank headquarters in Carmel, while Vanderpool will be based in Richmond, Indiana, one of the bank’s six locations statewide.

Mark Harvey

Harvey joins Merchants Mortgage with several years of mortgage origination experience throughout Indiana, most recently having served as the regional producing manager for GVC Mortgage in Pendleton. In this role, Harvey oversaw origination for a multitude of mortgage loan products including Conventional, United States Department of Agriculture (USDA), Federal Housing Administration (FHA) and Department of Veteran Affairs (VA) loans while also prioritizing regional business development in recruiting efforts across the Midwest. Prior to his time at GVC Mortgage, Harvey held similar positions in mortgage lending at Star Financial Bank and CMG Financial.

Kate Vanderpool

Vanderpool is an experienced business professional and joins the Merchants Mortgage team in Richmond with a detailed understanding of the mortgage industry. She brings expertise in calculating rates and payment schedules, along with preparing and executing mortgage documents. With her background in insurance adjusting, Vanderpool is uniquely suited to regulate legal compliance for all mortgage originations. Prior to joining Merchants Mortgage, Vanderpool most recently served as an insurance claims adjuster for Combined Insurance headquartered in Chicago, and prior to that spent 10 years serving in various capacities within the mortgage industry.

In their new roles, Harvey and Vanderpool will originate and evaluate mortgage loan applications in accordance with company standards and federal regulations. The two will foster relationships with clients, both locally and nationally, in an effort to expand Merchants’ origination footprint throughout the Midwest and the nation at large. They will be responsible for meeting with prospective clients to analyze financial documents and educate them on the full suite of loan products available through Merchants Bank of Indiana.

“We are honored to welcome these two talented mortgage professionals to our growing Merchants family,” said Ron Berry, Vice President of Retail Mortgage Sales. “With their ties to the regional Indiana market, we are confident Mark and Kate will be an exceptional addition to our mortgage division as we continue to work diligently to evaluate the industry and create top-tier mortgage solutions for our clients.”

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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