About Merchants Bank
Merchants Bank is a publicly listed company based in Carmel (United States) founded in 2009. Merchants Bank is recognized as a top-performing U.S. bank. It operates on a Subscription Services and Commission-Based model. Merchants Bank has raised $45.66 million across 3 funding rounds. Merchants Bank has completed 2 acquisitions, including Joy State Bank and NattyMac. Merchants Bank offers products and services including Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan. Its focus areas include Banking, Community Banking, Mortgage Banking and Residential Mortgage. Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
Merchants Bank is operated as a leading financial institution in the United States, focusing on various banking sectors. Services are provided in retail and correspondent residential mortgage banking, multifamily mortgage banking, and business banking. Small business lending, agricultural lending, mortgage warehouse financing, and traditional community banking are also included in the offerings. Solutions are tailored to meet diverse client needs across personal and business banking domains.
- Total Equity Funding$45.66M (USD)
in 3 rounds
- Latest Funding Round$7M (USD), Series B
Aug 2017
- Investments & AcquisitionsJoy State Bank
& 1 more
Products & Services of Merchants Bank
Merchants Bank offers a comprehensive portfolio of products and services, including Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan.
High interest rates are offered on money market accounts.
Adjustable rates are provided with Flex Index CD accounts.
Higher interest rates are earned with Fixed Rate CDs.
Significant mortgage interest savings are achieved with this loan.
Apps and channels of Merchants Bank
its YouTube channel Merchants Bank has 34 subscribers and 25 videos.
Videos from Merchants Bank
The most watched videos on Merchants Bank's YouTube channel, Merchants Bank (34 subscribers). Click a video to play it here.
More on Merchants Bank.
Funding Insights of Merchants Bank
Merchants Bank has successfully raised a total of $45.66M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45.66M
- Total Rounds 3
- Last Round Series B — $7M
- First Round $7.04M
(Dec 2014)
All 3 funding rounds of Merchants Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $7M | Series B | – | – | – |
| Aug 2016 | $31.63M | Series B | – | – | – |
| Dec 2014 | $7.04M | Series A | – | – | – |
People of Merchants Bank
95 people are tracked at Merchants Bank (49 in leadership, 2 in board & advisors, 44 in team).
| Name | Role | Group |
|---|---|---|
Roxie Montoya | Vp, Business Development Officer | Leadership |
Becca Harmon Murphy | Vice President, Affordable Lending | Leadership |
Brandon Estabrook | Vp, Merchants Capital Product Management | Leadership |
Tim Nierste | VP Capital Markets | Leadership |
Cheryl Likens | EVP, Chief Risk Officer | Leadership |
Scott A. Evans | President & COO | Leadership |
Jerry F. Koors | President, Merchants Mortgage | Leadership |
Kevin T. Langford | EVP, Chief Administrative Officer | Leadership |
Michael J. Dunlap | President & CEO | Leadership |
Crcm Monica Bolitho | Vice President | Leadership |
Marc Hardy | Vp, Inclusion And Opportunity | Leadership |
Galina Higginbotham | Vice President Treasury Management | Leadership |
Karin Cook | Vice President, Client Deposit Services | Leadership |
Jacob Franklin Cia, Cfsa | VP Enterprise Risk Officer | Leadership |
Jackie Barson | Senior Vice President, Mortgage Servicing | Leadership |
Joseph Keyler | Senior Vice President, Chief Operating Officer, Business Lending | Leadership |
Matthew Schatzman | Senior Vice President, Head Of Project Delivery | Leadership |
Msl Marquisha Bridgeman | Vice President, Community & Business Banking Partnerships | Leadership |
Angela Rees Cpa | Svp-chief Auditor | Leadership |
Karyn Clevenger | VP Systems Administration And Product Development | Leadership |
75 more people are available in the full profile.
Complete people profiles for Merchants Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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IPO & Listings of Merchants Bank
Merchants Bank is a publicly listed company on the NASDAQ with ticker symbol MBIN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Oct 2017
- Listed onNASDAQ: MBIN
- Listed entityMerchants Bancorp
- Exchange sectorFinance
Investments & Acquisitions by Merchants Bank
Merchants Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Joy State Bank and NattyMac.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Domain registration and management services are facilitated globally. | nattymac.com | St. Petersburg, United States | 2004 | Dec 2018 | •••• | |
Commercial banking services are provided in Joy, United States. | joystatebank.com | Joy, United States | 1921 | Jan 2018 | •••• |
Complete acquisition details for Merchants Bank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Merchants Bank
6 dated milestones of Merchants Bank across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Merchants Bank is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series B, of $7.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Joy State Bank.
- Acquisition Acquires NattyMac.
Competitors of Merchants Bank
Merchants Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of Merchants Bank
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- Full competitor set
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Web traffic of Merchants Bank
Websites that share an audience with Merchants Bank (merchantsbankofindiana.com).
Websites whose visitors overlap most with Merchants Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| merchantsbank.com | 100% | 69.5K | #587,777 | View details | |
bankmerchants.com | bankmerchants.com | 100% | #658,428 | – | |
secure.fundsxpress.com | secure.fundsxpress.com | 83% | – | ||
| merchantsbankal.com | 82% | View details | |||
| chase.com | 80% | 198.6M | #125 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Merchants Bank
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- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Merchants Bank
Complete news archive for Merchants Bank
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Frequently Asked Questions about Merchants Bank
Merchants Bank was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Merchants Bank is headquartered in Carmel, United States. It is registered at Carmel, California, United States.
Merchants Bank is a funded company, having raised a total of $45.66M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.04M, raised on Dec 2014.
Merchants Bank is operated as a leading financial institution in the United States, focusing on various banking sectors. Services are provided in retail and correspondent residential mortgage banking, multifamily mortgage banking, and business banking. Small business lending, agricultural lending, mortgage warehouse financing, and traditional community banking are also included in the offerings. Solutions are tailored to meet diverse client needs across personal and business banking domains.
Merchants Bank's top competitors include Truist, Citi and Equity Bank.
Merchants Bank offers Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan.
Yes, Merchants Bank is publicly traded on NASDAQ under the ticker symbol MBIN.
Merchants Bank has made 2 acquisitions, including Joy State Bank, and NattyMac.
Merchants Bank operates through Merchants Bank.