History

A winning team. A dedicated family.

Interested in joining our growing team? Take a look at our career opportunities.

Merchants Bank of Indiana is headquartered in Carmel, Indiana. Merchants focuses on several aspects of mortgage and agricultural lending and retail banking services from six Central Indiana locations.

In 2021, Merchants Bancorp received national recognition from S&P Global Market Intelligence as the #1 best-performing US public bank with assets over $10 billion. Merchants Bancorp has been recognized on this national ranking for seven consecutive years, ranking the highest of any other Indiana institution since 2015, and was also among the top three in the 2019 and 2020 community bank rankings.

Merchants was also listed in the Indianapolis Business Journal (IBJ) Banking and Finance edition in May 2021 as the 6th largest Indianapolis Area Bank. Merchants understands the positive impact of making employees feel valued and is proud to once again be recognized by the Indiana Chamber of Commerce’s Best Places to Work Program. This is the seventh year in a row that Merchants was recognized as a Best Places to Work organization.

Adding to the performance accolades, in 2021, Fortune Magazine named Merchants Bancorp one of the 100 Fastest-Growing Companies in the country.  The IBJ identified Merchants Bank of Indiana as one of the fastest growing companies in the Indianapolis area. Merchants was listed as the #21 fastest growing company with 70% revenue growth from FY 2014 through 2016. The results also reflect a 33% increase in FTEs during the same period.

$11.1
Billion
in Assets

More than
500

Total Merchants Employees 


Nasdaq

Listed (MBIN) 

To view all open positions at Merchants Bank of Indiana, click below.

Underwriter, SBA

Location: Carmel, IN | Date: 02/01/2023
Summary: The SBA Underwriter works within the SBA Lending department and is be responsible for underwriting new and existing customers, analyzing financial statements, collaboration with banking partners and making loan decisions on SBA Banking customers. The SBA Underwriter would be required to manage a pipeline of new credit requests, which includes underwriting and decisioning loan files.Expected Outcomes: The purpose of…
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Staff Accountant

Location: Carmel, IN | Date: 02/01/2023
  As our Staff Accountant, you will be responsible for daily and monthly accounting for multiple entities rolling up to Merchants Bancorp. A successful candidate will be able to account for daily activity, reconcile bank and other ledger accounts, understand accounting relationships within the various areas of the bank, research issues as they arise, and communicate effectively with other team members…
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Senior Internal Auditor

Location: Carmel, IN | Date: 02/01/2023
  We have five entities at Merchants Bancorp and our new Senior Internal Auditor will perform procedures for all five, including assisting in the planning of the individual audit areas, acting as “lead” on audit areas, reviewing internal audit work prepared by others, assisting in the training of the internal audit team, maintaining adequate documentation of work performed, and communicate audit…
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Business Systems Analyst

Location: Carmel, IN | Date: 02/01/2023
 As our Business Systems Analyst will work at the intersection of business and technology, sharpening your understanding of business processes, systems, and data analysis, while continuing to develop leadership, relationship management, and communication skills. As a member of our Project Delivery team, you'll play a crucial role in delivering new, strategic business systems and defining data insights as well as…
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Accounts Payable Specialist

Location: Carmel, IN | Date: 02/01/2023
As our Accounts Payable Specialist, you will assist the accounting team by processing accounts payable for all entities, including entering invoices, coding the general ledger, cutting and mailing checks, and ensuring that invoices are paid timely, and are recorded properly. Our team is different, we get to work on a variety of activities and support multiple entities at Merchants, so…
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Commercial Lending Credit Analyst

Location: Clearwater, FL | Date: 02/01/2023
Summary: The Commercial Lending Credit Analyst will perform the credit review, monitoring and structuring of commercial warehouse clients. The Commercial Lending Credit Analyst will effectively communicate with the sales team, clients and internal parties to ensure all Credit Approval Reports, credit analyses and on-going compliance reviews are completed within bank policy 
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Customer Support and Closing Agent- Warehouse Lending

Location: Clearwater, FL | Date: 02/01/2023
Summary: The Warehouse Lending Customer Support and Closing Agent Specialist will assist monitor the Customer Support Mail Inbox and respond to all messages. This will include, but is not limited to creating user credentials for customers, resetting individual passwords, providing assistance with WLS downloads, whitelisting IP addresses, recording releases of MBI interest in Freddie Mac loans, executing GNMA 11711A’s, helping…
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Mortgage Loan Originator

Location: Carmel, IN | Date: 02/01/2023
Mortgage Loan Originator position is responsible for developing new residential mortgage business along with analyzing credit worthiness of applicants and negotiating terms, repayment, and collateral requirements. Also included are establishing new relationships with vendors and working with current customers and bank staff to promote and cross-sell bank products and services. 
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Mortgage Loan Originator

Location: Chicago, IL | Date: 02/01/2023
Mortgage Loan Originator position is responsible for developing new residential mortgage business along with analyzing credit worthiness of applicants and negotiating terms, repayment, and collateral requirements. Also included are establishing new relationships with vendors and working with current customers and bank staff to promote and cross-sell bank products and services.
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Mortgage Loan Originator- Columbus, Ohio

Location: , | Date: 02/01/2023
Mortgage Loan Originator position is responsible for developing new residential mortgage business along with analyzing credit worthiness of applicants and negotiating terms, repayment, and collateral requirements. Also included are establishing new relationships with vendors and working with current customers and bank staff to promote and cross-sell bank products and services.
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Manager, Internal Audit

Location: Carmel, IN | Date: 02/01/2023
  As our Internal Audit Manager, you will need to roll up your sleeves and assist with internal auditing tasks, including completion of the various internal audit procedures, completing and / or reviewing the planning of the individual audit areas, supervising staff, maintaining adequate documentation of work performed, communicating audit testing results to the appropriate personnel, and reviewing audit work completed…
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Business Analyst Intern - Summer of 2023

Location: Carmel, IN | Date: 02/01/2023
Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer, you will do real…
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Benefits Manager

Location: Carmel, IN | Date: 02/01/2023
  Our human resources team is looking for a Benefits Manager who is both strategic and hands-on in leading all facets of benefits with the primary goal to deliver an exceptional employee experience built on smooth, efficient administration practices. You will work to ensure our benefits are competitive and drive business results while both reflecting and enhancing our culture. We are…
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2023 Summer Internship - Retail Bank Operations

Location: Richmond, IN | Date: 02/01/2023
Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer, you will do real…
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Legal Counsel

Location: Carmel, IN | Date: 02/01/2023
  As Legal Counsel, you will report directly to the General Counsel and provide all-around support and advice on Merchant Bank of Indiana’s various legal matters with a particular focus on real estate financing transactions, both single-family and multi-family, and contract review and drafting. You will work directly with business partners, including department leaders and executives, to identify and resolve issues…
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Call Center Specialist

Location: Carmel, IN | Date: 02/01/2023
  Call Center Specialists will be the first point of contact for our customer inquiries. You will work in a highly collaborative environment, where customer execution is our passion. In this role you will process and respond to existing and potential customers inquiries. You will utilize multiple systems to provide information on accounts while answering every call with professionalism, accuracy and…
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Microsoft 365 Support Analyst

Location: Carmel, IN | Date: 02/01/2023
  Our Microsoft 365 Support Analyst will support the implementation of all Microsoft 365 technologies available in the Microsoft 365 E5 suite of products. This role will be responsible for evaluating features, planning implementations, and leading the roll-out efforts. The qualified candidate will work closely at times with our Network/Security and System Admin teams and will also participate in providing Tier…
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Proudly named to the 2022, 2021, 2020, 2019, 2018, 2017, and 2016 Best Places to Work in Indiana list, Merchants Bank of Indiana strives to create a work environment that rewards hard work and strong performance while encouraging a positive work-life balance. At Merchants we believe our people make the difference in our business and our full range of top-notch employee benefits are key to building and maintaining our amazing team. Merchants Bank of Indiana is proud to be an Equal Opportunity Employer.

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