Careers

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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.

Merchants Bank of Indiana has received national recognition from S&P Global Market Intelligence as one of the top performing community banks nationally with assets between $3 billion and $10 billion. Merchants was listed as #3 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 2020 as the 8th 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 sixth year in a row that Merchants was recognized as a Best Places to Work organization.

Adding to the performance accolades, 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.

$9.9
Billion
in Assets

More than
400

Merchants Employees 


Nasdaq

Listed (MBIN) 

To view all open positions at Merchants Bancorp’s family of companies, click below.

Personal Banker

Location: Carmel, IN | Date: 11/30/2021
Summary: The Personal Banker/Teller is responsible for providing premier customer service to both existing and potential customers by actively listening to customer requests and effectively, efficiently responding with sound, accurate solutions. A successful Personal Banker/Teller will focus on accurately and efficiently processing account transactions, account changes and loan transactions while establishing positive professional relationships with customers and colleagues.Hours: 8 a.m.…
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Agricultural Loan Assistant

Location: Richmond, IN | Date: 11/30/2021
  Summary: The Agricultural Loan Assistant will work side-by-side with the Agricultural Loan Officers to assist with underwriting, organization, filing, and any other tasks that are necessary. The Agricultural Loan Assistant will also help with other aspects of the bank as needed.Expected Outcomes: A successful Agricultural Loan Assistant will enhance the efficiency and balance the workload of the Agricultural Loan department.
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Business/Commercial Banker

Location: Indianapolis, IN | Date: 11/30/2021
Summary: The Business/Commercial Banker is responsible for proactively sourcing, acquiring and retaining customer relationships while maximizing sales opportunities. The Business/Commercial Banker will spend most of the 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.Expected Outcomes: A successful Business/Commercial Banker will focus on growth…
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Credit Analyst, Multifamily Affordable Housing

Location: Carmel, IN | Date: 11/30/2021
  Summary: Merchants Bank of Indiana is seeking an experienced multifamily affordable underwriter.  The Credit Analyst is responsible for ensuring the timely and accurate underwriting of multifamily and/or healthcare mortgage loan transactions in accordance with Merchants Bank guidelines. Responsibilities include reviewing new applications, monitoring the receipt of all due diligence from the borrower, analyzing the financial feasibility of new transactions, including…
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Internal Auditor

Location: Carmel, IN | Date: 11/30/2021
Summary: Performing internal auditing tasks, including performance of the various internal audit tests and procedures, maintaining adequate documentation of work performed, and communicating audit testing results to the appropriate personnel.  This includes Merchants Bank of Indiana, Farmers-Merchants Bank of Illinois, Merchants Capital, and Merchants Bancorp.Essential Duties and Responsibilities:Perform financial and operational audits in accordance with the internal audit program. Review Bancorp’s…
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Internal Auditor

Location: Richmond, IN | Date: 11/30/2021
Summary: Performing internal auditing tasks, including performance of the various internal audit tests and procedures, maintaining adequate documentation of work performed, and communicating audit testing results to the appropriate personnel. This includes Merchants Bank of Indiana, Farmers-Merchants Bank of Illinois, Merchants Capital, and Merchants Bancorp.Essential Duties and Responsibilities:Perform financial and operational audits in accordance with the internal audit program.Review Bancorp’s…
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Internship- Human Resources

Location: Carmel, IN | Date: 11/30/2021
Summary: The Human Resources Intern is responsible for supporting the Human Resources department in completing various projects related to HR processes including; personnel administration, recruitment and staffing, training and development, compensation and benefits administration and all other related services. All work will be performed under the close direction of the Vice President, Human Resources and/or other members of the HR…
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Internship- Internal Audit

Location: Carmel, IN | Date: 11/30/2021
Summary: The Intern position is responsible for supporting the Merchants Bank of Indiana team with a variety of project-based, administrative work. This position will be located at our Carmel Corporate Headquarters.Expected Outcomes: A successful intern will apply knowledge gained from coursework in a real-world professional setting and end the internship with a better understanding of workplace responsibilities and dynamics.
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Internship- IT

Location: Carmel, IN | Date: 11/30/2021
Summary: The Intern position is responsible for supporting the Merchants Bank of Indiana team with a variety of project-based, administrative work. This position will be located at our Carmel Corporate Headquarters.Expected Outcomes: A successful intern will apply knowledge gained from coursework in a real-world professional setting and end the internship with a better understanding of workplace responsibilities and dynamics.
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Internship- Retail Bank Operations

Location: Carmel, IN | Date: 11/30/2021
Summary: The Intern position is responsible for supporting the Merchants Bank of Indiana team with a variety of project-based, administrative work.  The internship will focus on the following retail operations, business banking, treasury management and loan operations. This position will be located at our Carmel Corporate Headquarters.Expected Outcomes: A successful intern will apply knowledge gained from coursework in a real-world…
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Loan Operations Specialist

Location: Carmel, IN | Date: 11/30/2021
Summary: The Loan Operations Specialist supports the daily functions of the Bank’s Loan Operations Department, serving to support all commercial and consumer lending functions of the bank. The Loan Operations Department has the major functions of ensuring that the documents created for loan closings are correct and that all loan documents are exception free and the collateral is perfected. The…
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Loan Quality Control Specialist- SBA and C&I

Location: Carmel, IN | Date: 11/30/2021
The Loan Quality Control Specialist for C&I and SBA is responsible for preparing Post Closing file reviews. If any defects are found, the Loan Quality Control Specialist will work with the Loan Operations Specialist or SBA Closer to have them correct the defect. Once defect is corrected, The Loan Quality Control Specialist will be responsible for reviewing correction was completely…
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SBA Closer

Location: Carmel, IN | Date: 11/30/2021
Summary: The SBA Closer supports the daily functions of the Bank’s SBA Loan Operations Department, serving to support all SBA lending functions of the bank. The SBA Loan Operations Department has the major functions of ensuring that the documents created for SBA loan closings are correct and that all loan documents are exception free and the collateral is perfected. The…
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Senior Underwriter, Multifamily Affordable Housing

Location: Carmel, IN | Date: 11/30/2021
Summary: Merchants Bank of Indiana is seeking an experienced multifamily affordable underwriter. The Senior Underwriter is a management role and is responsible for the oversight and development of the Bank’s Investment Real Estate Credit Analysts. The Senior Underwriter’s team is responsible for ensuring the timely and accurate underwriting of multifamily mortgage loan transactions in accordance with Merchants Bank guidelines. Responsibilities…
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Sr. Loan Operations and Quality Assurance

Location: Carmel, IN | Date: 11/30/2021
Merchants Bank of Indiana is a diversified bank headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing. These balance sheet loans are originated by the Bank’s subsidiary, Merchants Capital Corp (MCC). MCC is an approved FHA Mortgagee and is an approved Multifamily Accelerated Processing (MAP) lender for HUD. MCC is a…
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Tax Director

Location: Carmel, IN | Date: 11/30/2021
Summary: This position is responsible for the Company’s tax compliance, tax planning and accounting for income taxes. The successful candidate will work with business lines, service providers, and other tax professionals in carrying out his or her responsibilities. He or she will work with financial management within the Company and third-party service providers. In the beginning, tax work is not…
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Treasury Management Sales Associate

Location: Carmel, IN | Date: 11/30/2021
Reports to: Vice President of Treasury Management and indirectly to Vice President of Treasury Management SalesSummary: Work with the Treasury Management Sales Officers to deliver integrated treasury solutions to business, not-for-profit, and government clients. Partner closely with client-facing teammates in markets to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution…
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Internship- Agricultural Loan Lending

Location: Richmond, IN | Date: 11/30/2021
Summary: The Intern position is responsible for supporting the Merchants Bank of Indiana team with a variety of project-based, administrative work. This position will be located at our Richmond office located at 701 E. main St., Richmond, IN 47374.Expected Outcomes: A successful intern will apply knowledge gained from coursework in a real-world professional setting and end the internship with a…
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Internship- Investment Real Estate

Location: Carmel, IN | Date: 11/30/2021
Merchants Bank of Indiana is a diversified bank headquartered in Carmel, Indiana operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing. These balance sheet loans are originated by the Bank’s subsidiary, Merchants Capital Corp (MCC). MCC is an approved FHA Mortgagee and is an approved Multifamily Accelerated Processing (MAP) lender for HUD. MCC is a…
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Internship- Risk

Location: Carmel, IN | Date: 11/30/2021
The Intern position is responsible for supporting the Merchants Bank of Indiana team with a variety of project-based, administrative work. This position and associated project assignments will support the Company’s ongoing Enterprise Risk Management (ERM) activities and will be located at our Carmel Corporate Headquarters.  Project assignments may include business process reviews, documentation of risks and controls in an assigned…
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Enterprise Risk Analyst

Location: Carmel, IN | Date: 11/30/2021
Summary: The Enterprise Risk Analyst supports the Risk Management team regarding all aspects of the enterprise-wide risk management program for an assigned business unit(s) that may impact enterprise-level performance. Responsibilities include (a) managing the key elements of the Company’s Enterprise Risk Management (ERM) program, including but not limited to risk identification, assessment, monitoring and reporting, (b) advising on risks and…
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Proudly named to the 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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