CARMEL, Ind. – Merchants Bank (NASDAQ:MBIN) today announces the hiring of Derek Elston as Treasury Management Sales Officer, based out of Carmel.
Prior to joining Merchants Bank, Elston operated as a community development officer at United Fidelity Bank where he collaborated with his team to create strategic plans for meeting annual goals and projections, resulting in a substantial increase in deposits during his tenure. Within this new role with Merchants Bank, Elston will oversee several key consumer and business relationships, advocating for their cash flow needs and improving and further developing their banking experience. “We are thrilled to welcome Derek to our team,” said Michael Dunlap, President and CEO of Merchants Bank.
“Derek is a prime example of an individual with unwavering commitment and dedication to his craft. His financial and development expertise will be a true asset in our bank’s ongoing efforts to build stronger businesses and communities.”
In addition to his time spent in the banking industry, Elston's career has been heavily influenced by the game of basketball as both a player and a mentor. Elston played collegiate basketball at Indiana University (IU) from 2009-2013, and professionally in Malta, Portugal and England from 2013-2015. Returning to his alma mater as the director of player development in 2015, Elston worked on behalf of IU basketball to build and maintain donor relationships, support community outreach efforts, mentor the next generation of players and collaborate with coaching staff on recruiting, scouting and program development.
Elston is a graduate of IU’s School of Public Health, and also holds a master’s degree from IU in athletic administration.
To learn more about Merchants Bank, visit www.merchantsbankofindiana.com or find Merchants Bank on Facebook, LinkedIn, X and Instagram.
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