Merchants Bank of Indiana and Merchants Capital Receive Regional and National Honors from the Top Workplaces Program

Merchants Bancorp (NASDAQ: MBIN) today announces that subsidiaries Merchants Bank of Indiana and Merchants Capital have been recognized with several awards from the Top Workplaces Program, including as a winner of the Central Indiana Top Workplaces 2023 award.

Employees took an anonymous employee engagement survey administered by Energage LLC, which was then submitted for a variety of industry, regional and national recognition opportunities. The survey also uniquely measured 15 culture drivers that are critical to the success of any organization, such as alignment, execution, connection and more.

In addition to recognition as the Central Indiana Top Workplace of 2023, 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.

Of the midsize companies nominated for the Central Indiana Top Workplaces award program, Merchants Bank of Indiana/Merchants Capital were selected as #8 overall for its exceptional team culture and success as a company.

“It is truly an honor to receive this workplace recognition and to be recognized for our positive, encouraging and inclusive company culture,” said Michael F. Petrie, Merchants Bancorp Co-Founder, Chairman and CEO. “We’re inspired to know that our employees are being impacted by our efforts to ensure they feel supported as an integral part of our family. We’re incredibly thankful for each and every one of our team members, as they help make the mission of Merchants possible.”

As a whole, 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.

Learn about career opportunities at Merchants Bank of Indiana here and at Merchants Capital here. A complete ranking of the Central Indiana Top Workplaces of 2023 can be found here.

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