A winning team. A dedicated family.

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


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

Merchants Bank of Indiana has received national recognition from SNL Financial (an offering of S&P Global Intelligence) as one of the top performing community banks nationally with assets between $1 billion and $10 billion.  Merchants was listed as #25 in the nation, the highest rated Indiana bank on the list.

Merchants was also listed in the Indianapolis Business Journal (IBJ) Banking and Finance edition in May 2017 as the 12th 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.  Achieving the #9 spot on the 2017 Best Places to Work in Indiana list, this was the second year in a row that Merchants was recognized as a Best Places to Work organization.

Adding to the performance accolades, the IBJ recently 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.

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2017 and 2016 Best Places to Work in Indiana

Proudly named to the 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.

  • Medical
  • Dental
  • Vision
  • Disability
  • Life
  • 401K

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Current Open Positions

Commercial Banker

Posted: 05/08/2017
The Commercial Banker is responsible for proactively sourcing, acquiring and retaining customer relationships while maximizing sales opportunities. This role will spend a majority of time in the field, on sales appointments, generating leads and closing business. This position is commission eligible in addition to a strong, competitive base salary. A successful Commercial Banker will focus on growth and profitable relationships by meeting the demands of the business banking market with particular attention on bank products and services such as deposits, treasury management, loans, letters of credit, SBA lending, credit cards and other related products. Essential Duties and Responsibilities:
  • Achieve established revenue, sales production and business goals;
  • Proactively manage assigned portfolio of clients, identifying needs and maximizing opportunities;
  • Generate leads and close opportunities, including originating simple and complex loans, performing renewals and managing problem credits;
Knowledge, Skills, Abilities and Experience:
  • Requires a minimum of five years of banking experience;
  • Minimum of three years in business banking preferred.
  • Bachelor’s degree required, focus in business, accounting, finance or related field strongly preferred.
  • Requires prior credit training.
  • Requires SBA lending experience.
  • Requires outside calling skills, including demonstrated successful prospecting and contact management.
  • Requires strong working knowledge of credit structuring and processing, in addition to strong analytic skills with the demonstrated ability to manage and present complex financial information in a format that is easily understood.
The Commercial Banker position is a full-time, exempt position.  Qualified applicants may submit their resume online.  Apply Online

Bank Compliance Specialist

Posted: 09/01/2017
The Bank Compliance Specialist is responsible for administering monitoring programs under the bank’s compliance management system to ensure compliance with laws, regulations and rules governing operations and product offerings. This position will actively execute established quality control reviews and testing to measure compliance practice effectiveness in support of the broader responsibilities of the Chief Compliance Officer.   A successful Compliance Specialist will have a working knowledge of federal and state regulations affecting financial institutions and efficiently and accurately produce compliance outcomes to satisfy related regulations, including fair lending, HMDA, CRA, BSA, AML, OFAC monitoring, and BSA filings such as CTRs and SARs.   Essential Duties and Responsibilities:  
  • Provide recommendations to the Chief Compliance Officer for continual development of compliance procedures/controls.
  • Respond to inquiries from various business units regarding interpretations of applicable regulatory requirements.
  • Review and maintain compliance policies, procedures, forms, disclosures, letters and notifications.
  • Review new and/or expanded products and services and perform regulatory research as needed.
  • Gather relevant compliance data and prepare internal bank reports including the BSA Risk Assessment.
  • Conduct daily reviews of NuMonitor reports and file related CTRs and SARs as warranted by individual circumstances.
  • Review and perform account risk ratings and trend analyses.
  Knowledge, Skills, Abilities and Experience:  
  • Requires bachelor’s degree from an accredited institution.
  • Prefers a minimum of two years’ bank compliance experience; certification additionally preferred.
  • Requires basic working knowledge of deposit operations and lending activities; prefers working knowledge of related BSA/AML regulations.
  • Must demonstrate strong written and verbal communication skills with the ability to analyze information, interpret the information with proper context, and relay resulting opinion in an understandable manner.
  • Must be proficient in basic computer use including Microsoft Office and Outlook and other relevant software.
  • Must successfully demonstrate a strong attention to detail and a high standard for accuracy.
  • Must be able to effectively prioritize and work independently to meet outside demands and shifting expectations.
  • Must exhibit strong interpersonal skills with a service-oriented attitude and strong customer relations skills necessary to build productive professional relationships and cultivate a strong team environment.
  The Bank Compliance Specialist position is a full-time position.  Qualified applicants may submit their resume online.  Apply Online

Internal Auditor

Posted: 09/14/2017
The Internal Auditor position works across our mortgage lending and banking operations executing internal audit activities and reviewing internal audit work. This role enjoys a tremendous diversity in work content and realizes the opportunity to network and connect with individuals throughout all levels of the organization.   Our ideal candidate will possess both education and experience directly relevant to the role’s responsibilities.     This position will be physically located at one of our Carmel, Indiana, offices and is not expected to work outside normal business hours.     No overnight travel is expected.     Essential Duties and Responsibilities:  
  • Perform and review financial and operational audits and report findings and recommendations.
  • Develop and present recommendations for improved internal controls, operating efficiencies and recordkeeping practices.
  • Conduct investigations of irregularities and follow-up reviews of prior findings.
  • Establish and leverage professional relationships to improve subject-matter expertise.
  • Continuously develop personal knowledge of industry rules, regulations, best practices, tools, techniques and performance standards.
  Knowledge, Skills, Abilities and Experience:  
  • Requires a bachelor’s degree in accounting or finance from an accredited institution along with relevant professional experience.
  • Moderate to advanced computer skills with MS Office, with the ability to manipulate large amounts of data and compile detailed reports, required.
  • Must successfully demonstrate a high attention to detail and excellent analytical skills.
  • Requires excellent verbal and written communication skills with a demonstrated ability to successfully maintain confidentiality.
  • Must be able to travel - during normal business hours - between offices as needed.
  • Previous professional experience in banking or financial services preferred.
  • CPA designation preferred.
  The Internal Auditor position is a full-time, exempt position eligible for the annual discretionary bonus program.  Qualified applicants may submit their resume online.  Apply Online

Credit Analyst

Posted: 09/21/2017
The Credit Analyst position is focused in the commercial real estate finance industry through a fast-paced, deal-driven environment. The position will be assigned analysis tasks geared toward underwriting and presenting the best financing options for commercial real estate borrowers. The analyst will work closely with sales staff, borrowers and senior management to meet the financial needs of customers while diligently protecting the bank’s capital.   We are seeking two additions to our team. Our desire is one candidate with brief but relevant experience combined with relevant formal education AND the other candidate with solid commercial real estate financing experience.   This position is physically located at our Carmel, Indiana, headquarters.   Essential Duties and Responsibilities:
  • Analyze credit data, tax returns and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Generate financial ratios and trend analyses using computer programs to evaluate customers’ financial status and payback ability.
  • Prepare reports including credit analyses and summaries of loan requests, and timely submit to loan committees for approval.
  • Assist the management of the loan portfolio in regard to loan covenants, reporting requirements and delinquencies.
  • Work with sales staff to manage renewal and modification requests as needed.
  • Visit with prospective and current bank clients in conjunction with sales staff both inside and outside the bank.
Knowledge, Skills, Abilities and Experience:
  • Must have professional work experience in a closely-related role for a minimum of one year; preferably a minimum of five years’ commercial real estate financing experience.
  • Requires a bachelor's degree in a related field of study from an accredited institution.
  • Candidates must demonstrate successful critical thinking skills.
  • Requires the ability to successfully multitask and perform accurate, timely work with multiple priorities and deadlines.
  • Must demonstrate strong customer service skills and/or interpersonal and communication skills.
  • Requires a demonstrated working knowledge of Microsoft Excel, Word and Outlook at a moderate to advanced level.
The Credit Analyst positions are full-time, exempt positions eligible for the annual discretionary bonus program.  Qualified applicants may submit their resume online.  Apply Online

Treasury Management Sales Officer

Posted: 09/27/2017
The Treasury Management Sales Officer is responsible for prospecting, identifying and acquiring new treasury management clients while also serving as the primary relationship manager for assigned existing treasury management clients.   The Treasury Management Sales Officer delivers integrated treasury management solutions to a wide array of clients by providing product expertise and consultation. The Treasury Management Sales Officer also partners with client-facing teammates in various markets to consult on sales opportunities.   A successful Treasury Management Sales Officer will have the requisite banking and sales experience to partner with clients in understanding their unique business needs and identifying appropriate treasury management solutions for recommendation and implementation.   This position is physically based out of our Carmel, Indiana, banking branch.   Essential Duties and Responsibilities:  
  • Identify and develop new business across the bank’s growing footprint.
  • Assess client needs and recommend appropriate treasury management solutions.
  • Partner with business bankers to cross-sell treasury management products.
  • Actively manage a growing portfolio of treasury management clients.
  • Understand competitors’ strengths and gaps to effectively position the bank’s treasury management solutions.
  • Collaborate to develop effective training and marketing materials.
  • Promote new sales development through frequent client interactions to introduce new products and provide market and industry updates.
  • Develop and execute strategic sales plans in coordination with global business development initiatives.
  • Manage complete sales process including proposals and implementations.
  • Some overnight travel may be required (less than 25%).
  Knowledge, Skills, Abilities and Experience:
  • Requires a bachelor’s degree from an accredited institution – concentration in business or finance preferred.
  • Requires a minimum of five years’ combined experience in sales and banking.
  • Requires a proven track record of successful sales practices.
  • Requires a sound base knowledge of banking and/or treasury management principles.
  • Must exhibit outstanding communication and follow-through with a successful history of building and growing professional relationships.
  • Must demonstrate successful outside calling skills including prospecting.
  • Must be able to provide self-start and self-direction with day-to-day task management.
  • CTP and/or AAP certification preferred.
The Treasury Management Sales Officer position is a full-time, exempt position eligible for guaranteed base pay, competitive incentive pay and our annual discretionary bonus program. Qualified applicants may submit their resume online.  Apply Online

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