Merchants Bank Enters Chicago Market with Three New Mortgage Sales Managers

CARMEL, Ind. (June 20, 2024) – Merchants Bank (NASDAQ: MBIN) today announces the hiring of Mike Axelrood, Jason Campbell and Rich Hass as the newest members of its mortgage sales team based out of the company’s Chicago offices. Axelrood will lead as Regional Manager, Mortgage Sales, and Campbell and Hass will specialize in the retail mortgage sector. Campbell will serve as the Producing Construction Sales Manager while Hass operates as Producing Sales Manager.

Mike Axelrood

Axelrood comes to Merchants as a seasoned mortgage expert with nearly four decades of experience in various management positions. He most recently served as a Chicagoland market manager for U.S. Bank and regional manager for PNC Bank. In these roles, Axelrood held the responsibility of facilitating consultative sales training for mortgage and retail sales groups while also managing recruitment, production, P&L management, pricing and cross-selling for the Chicago and Milwaukee markets. In his new role, Axelrood will be responsible for leading the expansion of the mortgage sales office in the Chicago market. 

Professional headshot of a man in a suit.
Jason Campbell

Campbell joins the Merchants Bank team with 25 years of mortgage experience across numerous mortgage companies. In his most recent role, Campbell was a private wealth mortgage loan originator and construction loan expert at U.S. Bank in Illinois, where he was tasked with facilitating funding for complex borrowers and diverse projects with an emphasis on high-net-worth clients. Campbell also served as a vice president of mortgage lending at Guaranteed Rate.

Rich Hass

Hass, another veteran in the mortgage industry, brings more than 35 years of mortgage experience to Merchants Bank. Before joining Merchants, Hass worked as a production manager for PrimeLending, where he evaluated loan products and services to determine which financial products best met the customer’s needs. Prior to that role, Hass was a branch manager for Wells Fargo for 31 years.

In their new capacities, Campbell and Hass will recruit and lead their respective mortgage teams within the Chicago market while managing personal production goals. Campbell’s priority will be building a team of construction lenders to grow the line of business and serve as the subject matter expert on construction lending for all regional lenders. Hass will work in a similar capacity dedicated to his team of retail mortgage professionals.

“We’re excited to welcome three established mortgage professionals as the newest additions to the Merchants Mortgage team,” said Jerry Koors, President of Merchants Mortgage. “As our team enters into the Chicago market, we feel confident that Mike, Jason and Rich can effectively lead the charge in growing the Merchants footprint. They’re well-equipped to provide our customers with exceptional services and navigate them through a demanding market.”

Campbell earned his master’s degree in business administration at Devry University after receiving his bachelor’s degree in business administration at Illinois Wesleyan University. Hass attended Loyola University Chicago and Axelrood studied at Northern Illinois University where they both earned bachelor’s degrees at their respective institutions.

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

Scroll to Top

Account Login