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Ranked #11 on the Best Places to Work in Indiana List

We are honored to announce that Merchants Bancorp subsidiaries Merchants Bank and Merchants Capital have been ranked #11 in the large company category (between 250 and 999 U.S. employees) on the 2021 Best Places to Work in Indiana list. This is the sixth consecutive year our company has been selected to this prestigious list!
Merchants Bancorp Co-Founder, Chairman and CEO Michael F. Petrie had this to say about our highest ranking since 2017: “This distinction is credit to our hardworking and motivated professionals who make Merchants Bank and Merchants Capital what it is today. These past 12 months have been difficult for everyone, but this recognition shows our continued commitment to providing the best experience for all of our employees and our customers across Indiana. We are very grateful.”

Since 2006, the annual Best Places to Work in Indiana program, created by the Indiana Chamber of Commerce and Best Companies Group (BCG), has recognized companies around the state that display sustained excellence. To determine the winners, companies from across Indiana entered a two-part survey competition. The first section of the survey consists of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics, while the second part entails an employee survey to measure the overall employee engagement and satisfaction. The final survey analysis, conducted by BCG, determines the winning companies recognized on the annual Best Places to Work in Indiana list.


The Best Places to Work honor comes after Merchants Bancorp received national recognition from S&P Global Market Intelligence as one of the top performing community banks nationally with assets between $3 billion and $10 billion. Merchants was listed as #3 in the nation, the highest rated Indiana bank on the list.  Additionally, Merchants Capital earned high-ranking positions on the Mortgage Bankers Association (MBA) 2020 Commercial/Multifamily Originator Listing – where we ranked #4 in multifamily affordable lending and #1 for our originating office location in Indianapolis.
The complete ranking of 2021 Best Places to Work in Indiana winners was announced during the annual awards ceremony on May 6, and the full list is featured in the May issue of BizVoice Magazine, out now.

If you’re looking for a career at one of Indiana’s best places to work, you can learn about our current openings at Merchants Bank here and at Merchants Capital here. We look forward to connecting with you!

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