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 five Central Indiana locations.

Merchants Bank of Indiana has received national recognition from SNL Financial (an offering of S&P Global Market 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.  This is the third year in a row that Merchants was recognized as a Best Places to Work organization, achieving the #9 spot on the 2017 list.

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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2018, 2017, and 2016 Best Places to Work in Indiana

Proudly named to the 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.

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

BPTWIN Logo 2018


Current Open Positions

Commercial Banker

Posted: 03/15/2018
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

SBA Underwriter

Posted: 03/01/2018
The SBA Underwriter operates at the center of the bank’s small business lending primarily working on loan requests that require a guaranty from the Small Business Administration. The SBA Underwriter will be involved from initial discovery of potential SBA loan prospects through formal approval. The SBA Underwriter works closely with sales staff, operations staff, borrowers and senior management to meet small-business customers’ financial needs while protecting the bank’s capital by limiting its risk.   A successful SBA Underwriter will rely upon experience and judgment to analyze, assess and secure approval for appropriate SBA loan products for customers. A top-performing SBA underwriter will facilitate small-business relationships that produce strong returns, low risk and a competitive market presence. An elite SBA Underwriter will contribute to the expertise of the organization as a small-business lender through expert knowledge of and experience with SBA processes.

  SBA Underwriter
Essential Duties and Responsibilities:  
  • Provide subject-matter expertise for SBA processes and relationships.
  • Analyze credit data, tax returns and financial statements to determine the degree of risk involved in extending credit or lending money.
  • Utilize computer programs to generate financial ratios and trend analyses to evaluate customers’ financial status and payback ability.
  • Structure loan requests that abide by the SBA’s eligibility requirements and rules outlined in the Standard Operating Procedures published by the SBA.
  • Prepare reports, including credit analyses and summaries of loan requests, and submit to loan committees in a timely manner for approval.
  • Assist the management of the loan portfolio regarding 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 collaboration with sales staff both inside and outside the bank.
  • Maintain a current working knowledge of changes in regulations published by the SBA specific to origination and servicing SBA products.
  SBA Underwriter Knowledge, Skills, Abilities and Experience:  
  • Requires a bachelor’s degree in a related field of study from an accredited institution or equivalent training and professional experience.
  • Must possess a minimum of five years’ experience in bank SBA lending and credit risk management.
  • Must demonstrate strong critical thinking, communication and multitasking skills.
  • Must display excellent customer service skills both in person and through phone and email communication.
  • Requires intermediate working knowledge of Microsoft Word, Excel and Outlook in a professional environment.
  • Must demonstrate the ability to self-direct and self-pace assigned work.
  • Favors demonstrated success in previous mentoring and training roles.
  The SBA Underwriter position is a full-time, exempt position.  Qualified applicants may submit their resume online.  Apply Online

Treasury Management Sales Associate

Posted: 05/18/2018
The Treasury Management Sales Associate is responsible for the customer-facing part of the sales process building relationships and working referrals. This position will closely work with the Treasury Management Sales Officer and client-facing teammates in local markets to serve business, not-for-profit and government clients. A successful Treasury Management Sales Associate will build one-on-one relationships in support of the general management of banking relationships assigned to the Treasury Management Department. The ideal person will excel in facilitating consultative partnerships to deliver excellent integrated treasury solutions and strong internal and external relationships. This role will spend at least 50 percent of its time in the field consulting on sales opportunities and provide necessary product expertise and consultation. The majority of fieldwork is local and very little overnight travel is expected.
Essential Duties and Responsibilities:
  • Collaborate with teammates to develop expertise in Treasury Management products and a strong working knowledge of all banking services.
  • Meet with prospective and current clients to build relationships, offer solutions and perform product and service demonstrations.
  • Work closely with Treasury Management Support to ensure implementation of new services align with forward commitments.
  • Follow up with new clients to ensure satisfaction with and understanding of products and services.
  • Regularly contact clients to assess for business changes or additional needs.
  • Identify potential new business opportunities and provide the appropriate solutions.
  • Assist the Treasury Management Sales Officer with proposal and contract generation.
  • Update contract templates as necessary.
  • Manage the account analysis system.
  • Generate monthly and quarterly reports.
  • Communicate system enhancements to other departments.
  • Attend sales meetings with other departments.
  Knowledge, Skills, Abilities and Experience:  
  • Requires a bachelor’s degree from an accredited institution.
  • Requires sufficient banking experience to demonstrate a strong understanding of how information and funds move through a banking institution – likely a minimum of two years’ experience but possibly more or less dependent on roles and responsibilities.
  • Must demonstrate a solid understanding of how payments flow through banking processes (e.g. deposits, ACHs, wires, and mobile and remote deposit captures).
  • Requires proficiency with Microsoft Office products at an intermediate level for a professional work setting.
  • Prefer certifications such as Certified Treasury Professional (CTP) and/or Accredited ACH Professional (AAP).
  • Must demonstrate the ability to build professional relationships and communicate effectively.
  • Requires strong personal accountability and must be a proven self-starter.
  The Treasury Management Sales Associate position is a full-time, non-exempt position.  Qualified applicants may submit their resume online.  Apply Online  

Mortgage Loan Processor

Posted: 06/19/2018
The Mortgage Loan Processor is responsible for ensuring the timely and accurate processing of mortgage loan transactions. Responsibilities include gathering customer data, assisting loan officer with customer interaction and gathering of loan documentation, and processing and verifying loan documentation in compliance with company policies and investor guidelines.  This position also includes the pre-underwriting of investor loans and full underwriting of portfolio loans.  
This position is physically located in our Carmel, Indiana, office.
Essential Duties and Responsibilities:
  • Assist loan officer with gathering and processing loan data from pre-approval through closing.
  • Prepare and provide required disclosures per TRID and other applicable regulations.
  • Order services needed, including flood certification and appraisal and title work.
  • Receive and review documents submitted by the borrower.
  • Review credit reports.
  • Submit files to Automated Underwriting System.
  • Calculate ratios for the loan request to ensure compliance.
  • Submit complete loan package to underwriting.
  • Request and submit additional conditions requested by underwriting.
  • Communicate regularly with the customer and loan officer associated with the loan.
  • Stay knowledgeable and up-to-date any regulatory and/or underwriting guidelines.
  Knowledge, Skills, Abilities and Experience:  
  • Requires a minimum of five years of mortgage banking experience in areas of mortgage origination or processing.
  • Must be familiar with common mortgage documents.
  • Requires at least a high school diploma or GED from an accredited institution.
  • Attention to detail is required for this position.
  • Ability to multi-task is required.
  • Strong organizational skills required with the ability to independently prioritize work to meet deadlines.
  • Must be customer service-oriented and able to communicate clearly and concisely.
  • Proficient knowledge of MS Word, Excel, and Outlook is required.
  The Mortgage Loan Processor position is a full-time, non-exempt position.  Qualified applicants may submit their resume online.  Apply Online

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