Merchants Bank of Indiana and Merchants Capital Named to Best Places to Work in Indiana List Seven Years in a Row

CARMEL, Ind. – Carmel-based Merchants Bancorp (NASDAQ: MBIN) today announces that subsidiaries Merchants Bank of Indiana and Merchants Capital have been named to the Best Places to Work in Indiana list for the seventh consecutive year. This is the third year the company has been named to the list in the large company category (those employing between 250 and 999 people nationwide).

“It is a monumental accomplishment to be honored as one of Indiana’s Best Places to Work for a remarkable seventh straight year,” said Michael F. Petrie, Merchants Bancorp Co-Founder and Chairman. “Earning this recognition speaks to the continued dedication to excellence of our company and employees. Their efforts have been tremendous, and we aren’t slowing down. We are grateful to have received this recognition again and are thankful for all of our team members at Merchants Bank of Indiana and Merchants Capital.”

Michael Petrie

Since 2006, the annual Best Places to Work in Indiana program, created by the Indiana Chamber of Commerce and Workforce Research Group, has recognized companies around the state that display sustained excellence. To determine the winners, companies from across Indiana enter into a two-part survey competition. The first section of the survey consists of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics, while the second part entails an employee survey to measure the overall employee engagement and satisfaction. The final survey analysis, conducted by Workforce Research Group, determines the winning companies recognized on the annual Best Places to Work in Indiana list.

The Best Places to Work honor comes on the heels of several other notable rankings. Merchants Bancorp has been recognized as one of Fortune’s 100 Fastest-Growing Companies, the only Indiana company named to the list! Bank Directors 2022 Ranking Banking study has also named Merchants Bancorp as THE BEST Small Regional Bank in the country, identifying those that balance growth and profitability, deliver long-term shareholder value and execute their goals in a safe and sound manner. They also examine factors that drive performance: growth, leadership, board oversight and technological innovation.

Additionally, Merchants Capital was recognized as #7 on the Fastest Growing Multifamily Mortgage Banking Firms of 2022 list and #10 for the Top 20 Multifamily Mortgage Banking and Brokerage Firms of 2022, both by Multi-Housing News.

The complete ranking of Best Places to Work in Indiana winners will be announced during the annual awards ceremony on May 12, and the list will be included in a special May edition of BizVoice Magazine. To view a complete list of companies named to the 2022 list, click here.

Our company continues to seek talented employees for a variety of positions. Learn about career opportunities at Merchants Bank of Indiana here and at Merchants Capital here.


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