From the Chairman

Mike Petrie

On behalf of our entire staff, I’d like to thank you for visiting the online branch of Merchants Bank of Indiana. This site is one of our many efforts to bring banking convenience and accessibility to our clients.

What do most banks promise?  Personal service, a broad range of products, great rates, etc.  While these are banking necessities, we don’t think they help a bank stand apart anymore – you can get them anywhere. That’s why Merchants Bank of Indiana is different.

  • We’re flexible.  Most banks give you a “menu” of products to choose from, and you adjust to what’s available. Here, we adjust to your needs by creating custom products just for you.
  • We’re accessible.  As a Merchants Bank of Indiana customer, you get your personal banker’s cell phone number, because we don’t think you should ever be more than a phone call away from your finances.  Plus, our e-banking technologies bring your account management to you, no matter where you are.
  • We’re responsive.  As a local bank, all decisions are made right here, and we’ll bend over backwards to quickly get you what you need.
  • We come to you.  Too busy to make a trip to the bank?  Don’t worry, we’ll come to your office, take care of any paperwork and let you get on with your day.  Again, we’re just a phone call away.
  • We’re experienced.  Every interaction you have here is with an experienced banker, even if you’re just stopping by for a simple transaction.  At Merchants Bank of Indiana, there are no tellers – just personal bankers.
  • And we never stop working for you.  If you need anything outside our walls, such as investment management, specialized mortgages, insurance, etc., we’ll introduce you to one of our trusted Best in Class partners.

Thank you for your interest and your business, and we look forward to seeing you soon.

Michael F. Petrie, Chairman

Merchants Bank of Indiana

Meet Our Staff

Board of Directors

Michael F. Petrie, CMB

Michael F. Petrie, CMB

Chairman of the Board

Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.

Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: Merchants Affordable Housing Corp., President and Director (1986 - present); Indiana Affordable Housing Council, Board of Directors (2016 - present); The Children’s Museum of Indianapolis (2015 - present); Multifamily Lenders Council (President); Community Investment Fund of Indiana, Board of Directors (2013 – present); Mortgage Bankers Association, Washington D.C., Chairman ( 2004 - 2005); Chairman - Elect, (2003 – 2004); Vice Chairman ( 2002 – 2003); Board of Directors (1999-2006, 2008 – 2009); Indiana Association of Community and Economic Development, Board of Directors (2013 – 2016); FHLBI Board of Directors ( 2007 – 2008); MERS Board of Directors (2006 – 2010).

Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the "Sagamore of the Wabash" in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.

Randall D. Rogers, CMB

Randall D. Rogers, CMB

Vice Chairman

Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.

Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.

A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.

Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.

Thomas W. Dinwiddie

Thomas W. Dinwiddie

Director

Mr. Dinwiddie has served as a director of the Company since 2002 and also serves as a director of the Bank. He is a partner with the law firm of Wooden & McLaughlin in Indianapolis, Indiana. His practice covers a broad range of commercial subjects, including real estate, real estate finance and real estate development. His clients include single family and multi-family mortgage lenders and commercial real estate owners and developers. Mr. Dinwiddie has been involved extensively with the impact of the Dodd-Frank Act on commercial banking and mortgage banking. He has represented the Indiana Mortgage Bankers Association for over thirty years and was the first recipient of the Distinguished Service Award presented by the Indiana Mortgage Bankers Association.

Michael J. Dunlap

Michael J. Dunlap

Director

Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.

Scott A. Evans

Scott A. Evans

Director

Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.

Patrick D. O'Brien

Patrick D. O'Brien

Director

Mr. O’Brien has been a Director of the Company since November, 2013. Mr. O’Brien is the current President of O’Brien Toyota Scion, a Toyota dealership serving Indianapolis, and has served as its president since 1990. He also is president of O’Brien Properties and co-owner and managing member of Pinheads, a family entertainment center in Fishers, Indiana. Mr. O’Brien previously served as chairman of Toyota’s Regional Dealer Council, which serves a four state area including Indiana. He also served as past chairman of the Chicago Region Toyota Dealer Advertising Association and past President of the Indiana Auto Dealers Association of Indiana.

John W. Perry, CPA

John W. Perry, CPA

Director

Mr. Perry has been a Director of the Company since 2011 and also serves as a director of the Bank. Since 2005 Mr. Perry also has served as the Senior Vice President and Trust Officer of Terre Haute Savings Bank. From 2001-2004 Mr. Perry served as the First Vice President, Trust Officer, and Head of the Trust Department, Private Banking, Document Custody and Union Investment Services for Union Federal Bank of Indianapolis. From 1974 to 2000 Mr. Perry served in various capacities for Terre Haute First National Bank (now known as First Financial Bank, National Association) (Senior Vice President, Cashier, Trust Officer, CFO, Manager Bank Investment Portfolio, Private Banker, Treasury Management, Fringe Benefits Programs, Trust Committees, Board Secretary) and its parent bank holding company, First Financial Corporation (THFF) (1983-1990 Treasurer; 1990-2000 Secretary; and responsible for Regulatory Compliance and Reporting to SEC and Federal Reserve, Stock Transfer Agent activities, and coordination of Merger and Acquisition Activities). Mr. Perry has also served on the Accounting Committee (1988-1992) of the American Bankers Association, and met with and testified at the Financial Accounting Standards Board (FASB). Mr. Perry is currently the Chairman of the Congregation Finance Committee for Sisters of Providence.

David N. Shane

David N. Shane

Director

Mr. Shane has been a Director of the Company since November, 2013. Mr. Shane is a retired member of the Board of Managers of LDI Ltd., LLC and served as its President and Chief Executive Officer from 2007-2012 and as its Vice-President and Executive Vice-President from 1997-2006. Mr. Shane also was a partner at Baker & Daniels (an Indianapolis-based law firm) from 1981-1995. Mr. Shane is actively involved in the community, including the following organizations: Mitch Daniels Leadership Foundation (Board of Directors); Wabash College (Board of Trustees, Executive Committee Chair); The Mind Trust (Board of Directors); Ascend Indiana, Inc. (Board of Advisors); Central Indiana Works Council (Board, Chair 2014-16); Indianapolis Chamber of Commerce (Education and Workforce Council); Central Indiana Corporate Partnership (emeritus member of the Board of Directors); and Economic Club of Indiana (emeritus member of the Board of Governors).

Merchants Management Team

Michael F. Petrie, CMB

Michael F. Petrie, CMB

Chairman and CEO

Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.

Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: MERS Board of Directors (2006-2010); FHLBI Board of Directors (2007-2008); Mortgage Bankers Association, Washington D.C. (Immediate Past Chairman, 2005-2006; Chairman, 2004-2005; Chairman-Elect, 2003-2004; Vice Chairman, 2002-2003; Board of Directors, 1999-2006, 2008-2009); Indiana Association of Community and Economic Development (Board of Directors, 2013 – Present); Community Investment Fund of Indiana (Board of Directors, 2013 – Present); Archdiocese of Indianapolis Catholic Charities, Inc. (Board of Directors, Treasurer, 2009-2014); and Apartment Association of Indiana (Independent Owners Program, Chairman, 1984). Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the "Sagamore of the Wabash" in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.

Randall D. Rogers, CMB

Randall D. Rogers, CMB

Vice Chairman

Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.

Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.

A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.

Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.

Michael J. Dunlap

Michael J. Dunlap

President and Co-COO

Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.

Scott A. Evans

Scott A. Evans

President and Co-COO

Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.

Susan Dehner Kucer

Susan Dehner Kucer

President, Indianapolis Market

Susan Dehner Kucer joined Merchants Bank of Indiana in 2016 and serves as President of the Indianapolis Market. Prior to joining Merchants, Susan spent the past 33 years at PNC Bank (formerly Merchants National and National City) in various leadership positions, most recently as their Senior Vice President and Business Banking Market Manager for Indiana, Illinois and Missouri. Prior to her banking experience, Susan was a Certified Financial Planner and Registered Representative of Investors Diversified Services. A graduate of Butler University, she currently serves on Butler’s College of Liberal Arts and Sciences Board of Visitors, is a Trustee for Brebeuf Jesuit Preparatory School, and has served as Past President and Government Liaison for the Indianapolis Mortgage Bankers Association. Susan was also an Associate Professor for Ivy Tech Community College, and served as a volunteer for the American Cancer Society, United Way and Easter Seals.

Jerry F. Koors

Jerry F. Koors

President, Merchants Mortgage
NMLS 986046

Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. He has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, he was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.

Richard L. Belser

Richard L. Belser

Senior Vice President and Senior Credit Officer

Richard (Rick) Belser joined Merchants Bank of Indiana in July 2007 as Senior Vice President and Senior Credit Officer for the Indianapolis market. Having graduated with a finance degree from the Indiana University Kelley School of Business and an MBA degree from Butler University, his banking career expands over 40 years holding executive management positions in Retail Banking, Business Banking, Corporate Banking, and Loan Administration.

Bill D. Buchanan

Bill D. Buchanan

Senior Vice President and Chief Financial Officer

Bill Buchanan joined Merchants Bank of Indiana in 2014 as Senior Vice President and Chief Financial Officer. Since passing the CPA examination in 1984, Bill has spent the majority of his career in senior finance/accounting managerial roles in the financial services industry, most recently as the Chief Financial Officer of a mid-sized Indiana community bank from 2006 to 2014. Bill's responsibilities include finance and accounting, human resources, compliance and asset/liability management.

Kevin T. Langford

Kevin T. Langford

Senior Vice President and Chief Administrative Officer

Kevin Langford joined Merchants Bank in January of 2017 as the Senior Vice President and Chief Administrative Officer. Kevin provides oversight and leadership for Technology, Human Resources, Marketing and Communications, and Compliance. Prior to joining Merchants Bank, Kevin was the President of Community Banking for First Financial Bank. Throughout his 25 year professional career, Kevin has held various technology, operational, and sales leadership roles at both First Financial Bank and Irwin Financial Corporation. He holds a Bachelor of Arts degree in business from Franklin College.

Phil Daubenmire

Phil Daubenmire

Vice President, Commercial Loan Underwriter

Philip Daubenmire graduated from Taylor University in 2005 with a degree in International Business and from Indiana University in 2014 with a Masters of Business Administration. He joined the bank in July 2005 as a Personal Banker and has held positions in Loan Operations, Portfolio Management, and Loan Underwriting. Phil currently oversees the Commercial Underwriting and Loan Operations departments of the bank. Phil is a member of the Venture Club of Indiana, serves on the Executive Committee of the Indiana Youth Lacrosse Association, as well as the regional advisory board for Hope International, Inc.

Rebecca Marsh

Rebecca Marsh

Vice President, Marketing and Communications

Rebecca Marsh joined the bank in 2008 as the Information Technology Officer and is now the Vice President of Marketing and Communications. She is responsible for company marketing initiatives and media, and Director and customer communications. Rebecca also serves as a shareholder relations representative for Merchants Bancorp. Prior to joining Merchants, she worked for Merchants National/National City from 1990 to 2001. Rebecca holds a degree from IUPUI in Information Technology/Electrical Engineering Technology and graduated summa cum laude from the University of Phoenix with a Bachelor of Science in Information Technology/Multimedia and Visual Communications.

Angela Rees

Angela Rees

Vice President, Internal Audit

Angela Rees joined the bank in 2010 as Controller/Accounting Manager and is now the Vice President of Internal Audit. She graduated with distinction from Indiana University East and passed her initial sitting of the CPA exam. Angela has an extensive professional banking and audit history to include more than 10 years of banking experience and more than 10 years as an auditor in public accounting.

Angela is a member of the Winchester Friends Church where she also serves on the Finance and Stewardship Committee.

Matt Hostetler

Matt Hostetler

Vice President, Information Technology

Matt Hostetler joined Merchants Bank of Indiana as Vice President of Information Technology in 2014. He is a Ball State University graduate, obtaining a degree in Information Systems from the Miller College of Business. He brings various professional experience, ranging from consulting services to technology management.

Matt is a member of the Harley-Davidson community and is an annual participant in the Miracle Ride for Riley Children’s Hospital as well as the Russ Dellen Memorial Ride benefiting various charities in the Indianapolis area.

Vickie Vandivier

Vickie Vandivier

Vice President and Investment Officer, MBI Capital Division

Vickie Vandivier joined Merchants Bank of Indiana in May 2003. As Vice President and Investment Officer, Vickie is responsible for bank funding, liquidity management and the investment portfolio. Prior to joining Merchants Bank of Indiana, she spent 10 years at Merchants National Bank of Indianapolis as Vice President of the Money Market division and 7 years as Vice President of taxable trading with NatCity Investments.

Carol Gassen

Carol Gassen

Vice President, Chief Compliance Officer, BSA and CRA Officer

Carol Gassen joined Merchants Bank of Indiana in 2015 as Chief Compliance Officer. Carol is responsible for ensuring the bank maintains compliance with applicable federal and state banking laws and regulations and also oversees the bank’s Bank Secrecy Act and Community Reinvestment Act programs. Carol has over 20 years of experience in compliance having worked for several Midwest regional and community banks. She is a graduate of Iowa State University with a BBA in Finance. Carol is actively involved in the community serving on the boards of Greater Indianapolis CRA Council and The Independence Academy; and serves on the Mortgage Advisory Council for Habitat for Humanity.

Nic Baumann

Nic Baumann

Vice President, Human Resources

Nic Baumann joined Merchants Bank of Indiana in 2016 as Vice President of Human Resources. He is responsible for the strategic development and administration of all human resources functions. Nic has more than a decade of experience in human resources having worked in most HR practice areas during that time. His SPHR and SHRM-SCP senior certifications reflect his extensive experience in the HR profession. His history of successfully building and growing organizations perfectly suits Merchants Bank. He is a graduate of Purdue University with a bachelor’s in statistics and a minor in sociology. Nic stays actively involved in the HR professional community through organizations such as the national SHRM chapter and IndySHRM.

Brian Sullivan

Brian Sullivan

Assistant Vice President, MBI Capital Division

Brian Sullivan joined the company in 2013 as Assistant Vice President in the Merchants Capital Division. His role at Merchants Bank of Indiana is primarily focused on connecting PR Mortgage customers (a subsidiary of MBI) with real estate capital markets by marketing GNMA securities issued by PR Mortgage. Brian has also helped several unaffiliated originators grow their business by providing warehouse lines of credit through Merchants Bank. He also serves as a shareholder relations representative for Merchants Bancorp and SBA trader for the bank.

Brian graduated from DePauw University in 2008 with a Bachelor of Science in Political Science and a minor in Economics. He received an MBA from IU Kelley School of Business in 2013 with a major in Finance. Brian is involved civically with King Park Development Corporation, LISC Indianapolis, and the Penrod Society which supports the arts and cultural education in central Indiana. He has also volunteered for several local level political campaigns.

Consumer and Business Bankers

Charles E. Bostian

Charles E. Bostian

Vice President, Treasury Management
Carmel, Indiana
NMLS 709343

"Chuck" Bostian began his banking career in 1992 as a Management Trainee with Indiana National Bank. He spent seven years in retail banking managing various branches around Indianapolis. In 1999, Chuck transitioned to a position in Corporate Banking with Union Planters Bank managing the Central Indiana Cash Management Group. He is currently responsible for the development of Merchants Bank of Indiana's cash management products and managing banking relationships.

Chris C. Rector

Chris C. Rector

Vice President, Consumer and Mortgage Lending
Lynn, Indiana
NMLS 631049

Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.

Adam D'Angelo

Adam D'Angelo

Vice President, Business Banking
Indianapolis, Indiana
NMLS 166624

Adam D’Angelo graduated from Franklin College in 2001, and joined the Merchants Bank of Indiana team in 2015. He has more than 13 years of banking experience ranging from retail management, mortgage origination, private banking, and commercial lending. Adam is an active member of the Autism Society of Indiana since 2014 and is an active member of the Carmel Chamber. What Adam enjoys most about the banking industry is being able to help clients reach their financial goals by tailoring solutions that fit their needs.

Commercial Bankers

Brian A. Emmons

Brian A. Emmons

Senior Vice President, Commercial Banking and Participations
Indianapolis, Indiana

Brian Emmons joined Merchants Bank of Indiana as Senior Vice President of Commercial Banking and Participations in 2016. His role is primarily focused on managing a national network of participant bank partners and developing business.

Brian holds a Bachelor’s Degree in Finance through the Indiana University, Kelley School of Business with a minor in Accounting. His professional career includes over 30 years of banking and finance experience performing roles ranging from Chief Accounting Officer of a technology company to commercial, finance, operational, and business development functions in banking. Prior to joining Merchants, he was Regional Investment Real Estate Manager and First Vice President for First Merchants Bank.

Agricultural Lenders

Scott A. Evans

Scott A. Evans

President and Co-COO

Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.

Dinese L. Watson

Dinese L. Watson

Vice President, Ag Lending Department Manager

Dinese Watson joined Merchants Bank of Indiana in November 2005 as an Ag Loan Officer, and currently serves as Vice President and Ag Lending Department Manager. A graduate of The Ohio State University, she has over 20 years of lending experience. Involved with her family’s hay and cattle operation in eastern Randolph County, Indiana, she enjoys serving the financial needs of her local community and Agricultural Sector. Contact Dinese at our Lynn, Indiana location to discuss our Ag Lending options!

Deanna J. Hunt

Deanna J. Hunt

Vice President, Agricultural Lender

Deanna Hunt joined the bank in 2008. As a graduate of Purdue University with more than 10 years Ag Lending experience, she focuses on our local Agricultural communities, servicing both row crop and livestock operators, with their farm financing needs. While specializing in Operating, Equipment and Farm Real Estate Loans in addition to having expertise in FSA Guaranteed Lending, she strives to not only be a preferred Ag Lender but also a trusted advisor and community partner. Annually, Deanna returns to Purdue University as a guest speaker to upperclassmen on Career Development and Leadership. Deanna also volunteers with local FFA and 4H programs each year.

Kevin Cool

Kevin Cool

Agricultural Lender

Kevin Cool joined Merchants Bank of Indiana in 2015 as an Agricultural Loan Officer. Kevin previously worked as a Team Dealer Manager for Beck’s Hybrids and as a YieldPro Specialist for Harvest Land Co-op. Kevin graduated from Purdue University in 2009 with a major in Agricultural Systems Management. Kevin is originally from Henry County, Indiana. In addition to significant experience in row crop agriculture he also has experience with cattle having previously raised Holstein feeder calves and working on dairy and beef farms. Kevin has a passion for the agricultural industry and enjoys working with farmers in East Central Indiana and West Central Ohio.

Rick Cowen

Rick Cowen

Agricultural Lender

Rick Cowen joined Merchants Bank of Indiana in 2016. Rick attended Huntington University and brings 15 years of Commercial and Agricultural Lending experience as well as SBA and FSA Guaranteed Lending. Originally from Lynn, Indiana, Rick enjoys serving his local community as well as the agricultural sector from the surrounding areas.

Merchants Mortgage Team

Michael J. Dunlap

Michael J. Dunlap

President and Co-COO

Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. He became a member of the Board of Directors in 2014. Mike was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.

Jerry F. Koors

Jerry F. Koors

President, Merchants Mortgage
Carmel, Indiana
NMLS 986046

Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. Jerry has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, Jerry was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.

Lisa Gabbert

Lisa Gabbert

Vice President, Mortgage Loan Originator
Carmel, Indiana
NMLS 759171

Lisa Gabbert joined the bank in November of 2006 as a Private Banker, focusing on providing outstanding service and product knowledge to fit both individuals and small business owner's needs. Lisa serves as a Mortgage Loan Originator for Merchant Mortgage. Highlights of Lisa's career are as follows: 10 Years of Residential Mortgage Lending Experience, Small Business Owner, Indianapolis Community Civic Leader for over 25 years, and Development Director for the National Children's Film Festival.

Chris C. Rector

Chris C. Rector

Vice President, Mortgage Loan Originator
Lynn, Indiana
NMLS 631049

Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.

Mark Bailey

Mark Bailey

Mortgage Loan Originator
Carmel, Indiana
NMLS 572637

Mark Bailey joined Merchants Bank of Indiana in 2014 bringing over 20 years of mortgage lending experience. The purchase of a home is a very personal and often emotional experience. As a seasoned Mortgage Specialist, Mark can help ease your fears and guide you through the process. He is a graduate of the Kelley School of Business from Indiana University and earned my MBA from Butler University.

Becky Phelps Sanders

Becky Phelps Sanders

Mortgage Loan Originator
Carmel, Indiana
NMLS 664585

Becky Phelps Sanders joined Merchants Mortgage in April of 2016. She draws on her thirty plus years of mortgage banking background to bring the client the best possible mortgage experience. Listening to the client’s needs and tailoring a product to meet their needs is very important. Becky received her Bachelor of Science in Finance from IUPUI along with a minor in Economics. She has also held the positions of mortgage processor, originator and branch manager for at National City/PNC.

Jennifer Wiley

Jennifer Wiley

Mortgage Loan Originator
Indianapolis, Indiana
NMLS 370940

Jennifer Wiley joined Merchants Bank of Indiana in November 2014. In her 24 years of working in the mortgage business, she has held the positions of Loan Processor, Loan Closer, and Loan Underwriter, before moving into the Origination role in 1999. The experience gained through working in these roles has provided her the ability to set appropriate expectations for her clients and their realtors to make the loan process smooth and get them to the closing table on time!

Cass Hanafee

Cass Hanafee

Assistant Vice President, Mortgage Warehouse Lending

Cass Hanafee joined the bank in 2005 bringing 17 years of banking experience. Cass has held various positions during her banking career, including Deposit Operations Supervisor, Branch Manager, and Personal Banker. In 2009 Cass helped with the development of the Warehouse Division of Merchants Bank of Indiana and assists with managing daily operations.

Mike Dum, CFA

Mike Dum, CFA

Correspondent Lending Manager

Mike Dum joined Merchants Bank of Indiana in February 2015 as the Manager of Correspondent Lending. Mike assisted in the development and implementation of the correspondent lending division at the bank, a department which he now manages. He is also responsible for all secondary marketing activities for the correspondent and retail mortgage channels.

Mike graduated with a degree in finance and received an MBA from the University of Indianapolis, where he was also a team captain for the football team. Mike is a CFA® charterholder.

Rob Wilson

Rob Wilson

Correspondent Sales Executive

Rob Wilson joined Merchants Mortgage in February 2017 as Correspondent Sales Executive and is responsible for Third Party Correspondent Sales. Rob has 20 years of Mortgage Banking Experience. During his Mortgage Banking career, he has held positions in Finance, Construction Lending, Operations, Sales and Sales Management. Prior to joining Merchants Mortgage, he was an Account Manager for Arch MI. Rob has also held various positions with Irwin Mortgage, Freedom Mortgage, and Stonegate Mortgage. He holds a BS in Accounting from Indiana University.

Branch Managers

Julie Bouchez

Julie Bouchez

Assistant Vice President, Carmel Branch Manager
NMLS 716367

Julie Bouchez joined Merchants Bank of Indiana in 2010 as Branch Manager. Julie has 27 years of Retail Banking experience. Her focus is to provide high touch customer service while developing and retaining private client relationships.

Tina Kirtley

Tina Kirtley

Assistant Vice President, Lynn Branch Manager

Tina Kirtley joined the bank in 2009 as part of the operations department, focusing on customer service and daily balancing activities. She brings with her over 9 years banking experience. She is currently the Branch Manager and head of operations at our Lynn office.

Paula A. Manning

Paula A. Manning

Assistant Vice President, Spartanburg Branch Manager

Paula Manning joined the bank in 2001. She is a 1986 graduate of Indiana University East, and a 1996 recipient of the Richmond Wayne County Chamber of Commerce Outstanding Customer Service Award. She has more than 25 years of banking experience, and her focus is to provide excellent personalized service to each customer. Paula also serves as the BSA and Compliance Deputy. She is an active member of her church and other community and charitable organizations.

Jill Petruzzi

Jill Petruzzi

Assistant Vice President, Indianapolis Branch Manager
NMLS 859242

Jill Petruzzi joined Merchants Bank of Indiana in 2011 bringing more than eleven years of banking experience. Her focus is to build relationships with private clients while managing our Indianapolis Branch location.

Prior to joining Merchants, Jill was with The Leukemia & Lymphoma Society. She currently sits on the Board of Trustees for Leukemia & Lymphoma Society, and sits on the Finance Council at St. Elizabeth Seton Catholic Church.

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