Merchants Bancorp has been recognized both nationally as one of the top-performing public banks in the U.S. by S&P Global Market Intelligence and locally as a Best Place to Work in Indiana for seven consecutive years. Merchants Bank of Indiana and its subsidiaries have also been recognized with several awards from the Top Workplaces Program, including as a winner of the Central Indiana Top Workplaces 2023 award.

Merchants Bank was honored with five national culture excellence awards, in the categories of purpose and values, compensation and benefits, innovation, work-life flexibility and leadership. These awards honor employers who help employees reach their full potential, maintain an even work-life balance, provide a fair benefits package, have organizational leaders who inspire confidence, and integrate the company’s mission within its culture.