INDIANAPOLIS (Sept. 14, 2023) – Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants Bank”), today announces the grand opening of their new office located in downtown Indianapolis, at 441 W. Michigan St. The location will be a satellite office for consumer and mortgage banking, while also being home to RDOOR Housing Corporation and Partners in Housing (PIH).
RDOOR Housing Corporation – formerly known as Merchants Affordable Housing Corp. – and Partners in Housing have occupied the new offices since March 2023. The 17,500 square foot building is shared between the three parties as they aim to create more affordable housing opportunities for Indianapolis residents.
“It’s an honor to be able to showcase our new satellite office space and continue to work so closely with trusted affordable housing nonprofits RDOOR Housing Corporation and Partners in Housing,” said Michael F. Petrie, Chairman of Merchants Bank of Indiana. “By moving these operations together within the heart of Indianapolis, we’re creating opportunities for greater collaboration on our mission of supporting sustainable and high-quality affordable homes for Hoosiers.”
A ribbon cutting celebration will take place on Thursday, Sept. 14 from 4 p.m. to 6 p.m. at 441 W. Michigan St., Indianapolis, IN 46202. Remarks will be made from Petrie and Indianapolis Mayor Joseph Hogsett. A special cocktail reception will take place following the ceremony.