Merchants BancorpFRA Merchants Stock Report

Merchants Bancorp is a bank holding company, which specializes in multiple lines of business in banking and finance. The company is headquartered in Carmel, Indiana and currently employs 556 full-time employees. The company went IPO on 2017-10-26. The Company’s subsidiaries include subsidiaries, Merchants Bank of Indiana (Merchants Bank), Farmers-Merchants Bank of Illinois (FMBI) and Merchants Asset Management, LLC (MAM). The firm operates through three segments. The Multi-family Mortgage Banking segment originates, and services government sponsored mortgages for multi-family and healthcare facilities. The company is also a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans from the date of origination or purchase, until the date of sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment provides a range of financial products and services to consumers and businesses, including retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration (SBA) lending.