Merchants Bank Named a 2023 Recipient of the U.S. Small Business Administration Indiana Lender Bronze Award

CARMEL, Ind. (Feb. 15, 2024) – Merchants Bank (NASDAQ:MBIN) is proud to announce that the Indiana district of the U.S. Small Business Administration (SBA) has honored the Merchants SBA team with the Bronze Award for its Indiana community lending efforts in 2023.

Recognized now as the third most active Indiana community lender in 2023, Merchants made major contributions to the economic development in Indianapolis throughout the past year. The Bronze Award for outstanding community lending was presented to Merchants’ SBA team by Stacy Poynter, SBA Indiana district director.

Jeff Scott

“We’re honored to be recognized for our role in supporting the growth of small businesses in our community from start to finish,” said Jeff Scott, President, SBA Lending. “This award symbolizes the positive impact our team has made in our local communities and showcases the importance of keeping small businesses up and running. We’re incredibly proud of each and every member of our Merchants Bank SBA team for making this award possible, and look forward to a strong 2024.”

The award adds to a list of notable achievements for the Merchants SBA team in 2023 as the division was recently ranked by Coleman Report as Indiana’s #5 Top 7(a) Lender. The team secured a total of 29 loans amounting to more than $22.5 million for the 2023 fiscal year, supporting a variety of local small businesses, including an Indianapolis motor company, development group, minority-owned bridal shop and more.

To learn more about Merchants Bank of Indiana, visit or find Merchants Bank on Facebook, LinkedIn, Twitter and Instagram. 


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