Merchants Bank, Merchants Capital Named 2024 Top Workplaces USA

CARMEL, Ind. (March 20, 2024) – Merchants Bancorp (NASDAQ: MBIN) today announces that subsidiaries Merchants Bank and Merchants Capital have been recognized by Top Workplaces USA, the nation’s most credible employer recognition program. This award celebrates nationally recognized companies that make the world a better place to work together by prioritizing a people-centered culture and giving employees a voice.

Top Work Places USA 2024

The award is earned solely on team member feedback. Employees completed an anonymous engagement survey administered by Energage, a company that is partnered with USA TODAY. The responses were subsequently submitted for a variety of industry, regional and national recognition opportunities. The research-backed engagement survey is driven by the industry’s most robust benchmarks built on data captured from tens of millions of employees at thousands of organizations throughout the past 17 years.

“Being deemed a top workplace again this year is quite an honor,” said Michael F. Petrie, Merchants Bancorp Co-Founder, Chairman and CEO.   “Thank you again to all our team members who took the time to participate in this process and for doing their part in making us one of the Top Workplaces in 2024 and every day. I’m proud of our individual and collective efforts to nurture a culture that puts people first.”

 Merchants Bank and Merchants Capital have been recognized with several awards from the Top Workplaces Program in the past, including as a winner of the Central Indiana Top Workplaces 2023 award, and a winner of the Top Workplaces 2023 Financial Services Industry award. Merchants Bancorp has also been recognized both nationally as the #1 top-performing bank in the U.S. by American Banker/Capital Performance Group, consistently 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.

Interested in joining our growing, winning team? Learn about career opportunities at Merchants Bank here and Merchants Capital here.

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


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