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.