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Merchants Bank Welcomes Mortgage Loan Originator to Chicago Mortgage Team

CARMEL, Ind. (Oct. 28, 2024)Merchants Bank (NASDAQ:MBIN) today announces the hiring of John Forssander as a Mortgage Loan Originator for Merchants Mortgage, a division of Merchants Bank. He will join the mortgage team operating out of the company’s Oak Brook, Illinois office.

John Forssander

Forssander brings a wealth of origination experience to Merchants Mortgage as they work to expand their presence in the Chicago market. In his new capacity, Forssander will advise clients and potential customers on their home financing needs, providing a range of mortgage loan options. His extensive knowledge of mortgage origination within Illinois will be a valuable asset to both customers and the bank as a whole. 

 

Forssander is a mortgage veteran penning more than 25 years of experience across various mortgage companies most recently serving as a senior mortgage advisor at ACB Mortgage Group. In this role, he held the responsibility of managing a construction loan portfolio, processing loan advances and reductions, tracking insurance and more. Forssander also held positions at U.S. Bank where he was a mortgage originator and construction specialist.

“We’re excited to add someone of John’s caliber, further strengthening our Chicago originations team,” said Mike Axelrood, Regional Manager of Mortgage Sales. “With his arrival, we gain new perspectives into Chicagoland helping us improve our growth in the market and making a lasting impact on the community.”

Forssander is a graduate of Western Illinois University, where he earned a bachelor’s degree in business, management and finance.

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

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