Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $6.3 billion in assets and $5.5 billion in deposits as of September 30, 2019, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.
Michael F. Petrie, CMB
Chairman of the Board
Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: Merchants Affordable Housing Corp., President and Director (1986 – present); Indiana Affordable Housing Council, Board of Directors (2016 – present); The Children’s Museum of Indianapolis (2015 – present); Multifamily Lenders Council (President); Community Investment Fund of Indiana, Board of Directors (2013 – present); Mortgage Bankers Association, Washington D.C., Chairman ( 2004 – 2005); Chairman – Elect, (2003 – 2004); Vice Chairman ( 2002 – 2003); Board of Directors (1999-2006, 2008 – 2009); Indiana Association of Community and Economic Development, Board of Directors (2013 – 2016); FHLBI Board of Directors ( 2007 – 2008); MERS Board of Directors (2006 – 2010).
Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the “Sagamore of the Wabash” in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.
Randall D. Rogers, CMB
Vice Chairman
Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.
A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.
Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.
Thomas W. Dinwiddie
Director
Mr. Dinwiddie has served as a director of Merchants Bank of Indiana since 2002. He is a partner with the law firm of Wooden & McLaughlin in Indianapolis, Indiana. His practice covers a broad range of commercial subjects, including real estate, real estate finance and real estate development. His clients include single family and multi-family mortgage lenders and commercial real estate owners and developers. Mr. Dinwiddie has been involved extensively with the impact of the Dodd-Frank Act on commercial banking and mortgage banking. He has represented the Indiana Mortgage Bankers Association for over thirty years and was the first recipient of the Distinguished Service Award presented by the Indiana Mortgage Bankers Association.
Michael J. Dunlap
Director
Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.
Scott A. Evans
Director
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Sue Anne Gilroy
Director
Sue Anne Gilroy has been a Director of the Company since June, 2017 and also serves as a director of the Bank. She has served as St.Vincent Hospital’s Vice President of Development and Executive Director of the St.Vincent Foundation since 2005. Under her leadership, the St.Vincent Foundation has raised over $50M to support hospital projects and programs.
Sue Anne’s distinguished background includes her service as Indiana’s first female Secretary of State from 1994 to 2003. During her tenure with Indiana government, she brought corporate, securities and election reform to the State. Her career in government service began in 1970 with Mayor Richard G. Lugar. She became the first female UniGov Director, as Director of Indianapolis Parks and Recreation from 1974-76. She returned to public service as Senator Richard G. Lugar’s Indiana State Director from 1990- 1993. She served as Mayor-elect Stephen Goldsmith Transition Chair in 1992.Most recently, she served on Governor Mitch Daniels’ Blue Ribbon Commission on Local Government Reform, which issued in December, 2007, its 26 recommendations to reform and restructure local government.
Sue Anne serves on the Boards of the University of Indianapolis, Oasis and University High School. She serves on the Advisory Boards of the Richard G. Lugar Center for Tomorrow’s Leaders at University of Indianapolis and True Brothers Initiative of Lambda Chi Alpha Fraternity. She is an elder and trustee of the Endowment Fund Board of Tabernacle Presbyterian Church. She was the 2010 chair of the Go! Red! American Heart Association luncheon.
Her awards include: Sagamore of the Wabash, Girls Inc. Touchstone Honoree, IBJ Woman of Influence and SPEA Distinguished Alumnus, Guardian of Small Business, and Speaking of Woman’s Health Honoree.
Sue Anne graduated Cum Laude from DePauw University with a Bachelor’s Degree in Speech and Secondary Education and holds a Master’s Degree in Public Administration from Indiana University at Indianapolis.
Patrick D. O’Brien
Director
Mr. O’Brien has been a Director of the Company since November, 2013 and also serves as a director of the Bank. Mr. O’Brien is the current President of O’Brien Toyota Scion, a Toyota dealership serving Indianapolis, and has served as its president since 1990. He also is president of O’Brien Properties and co-owner and managing member of Pinheads, a family entertainment center in Fishers, Indiana. Mr. O’Brien previously served as chairman of Toyota’s Regional Dealer Council, which serves a four state area including Indiana. He also served as past chairman of the Chicago Region Toyota Dealer Advertising Association and past President of the Indiana Auto Dealers Association of Indiana.
Andrew Juster
Director
Andrew Juster was elected to the Board in 2019. From 1989 through 2018, Mr. Juster was employed by Simon Property Group, Inc., a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, an S&P 100 company, and one of the largest publicly-traded real estate investment trusts in the United States. From 2015 to October 1, 2018, Mr. Juster served as Executive Vice President and Chief Financial Officer of Simon Property Group, Inc., and previously served as Executive Vice President and Treasurer. Mr. Juster is a graduate of American University and received a Master of Business Administration from the Wharton Graduate School of the University of Pennsylvania. Mr. Juster brings extensive knowledge of the commercial real estate market and significant experience in finance, including overseeing financing strategies and capital market activities, and an understanding of the necessary accounting systems and controls of a publicly traded company.
Anne Sellers
Director
Anne Sellers has been a Director of the Company since June, 2017 and also serves as a director of the Bank. She is Managing Principal and majority owner of Sensory Technologies LLC, an Indianapolis-based technology company with 130 employees. She grew up the oldest of seven children, the daughter of a lawyer and a homemaker in Lebanon, Indiana and graduated from DePauw University in 1983 with a BA in economics. While her professional experience includes accounting positions with several firms including Ernst and Young’s tax staff, her interest has been in the entrepreneurial arena as she has created and managed several companies, served on several industry boards, and given time to charitable organizations focusing on patterns of success and failure with each organization.
David N. Shane
Director
Mr. Shane has been a Director of the Company since November, 2013 and also serves as a director of the Bank. Mr. Shane is a retired member of the Board of Managers of LDI Ltd., LLC and served as its President and Chief Executive Officer from 2007-2012 and as its Vice-President and Executive Vice-President from 1997-2006. Mr. Shane also was a partner at Baker & Daniels (an Indianapolis-based law firm) from 1981-1995. Mr. Shane is actively involved in the community, including the following organizations: Mitch Daniels Leadership Foundation (Board of Directors); Wabash College (Board of Trustees, Executive Committee Chair); The Mind Trust (Board of Directors); Ascend Indiana, Inc. (Board of Advisors); Central Indiana Works Council (Board, Chair 2014-16); Indianapolis Chamber of Commerce (Education and Workforce Council); Central Indiana Corporate Partnership (emeritus member of the Board of Directors); and Economic Club of Indiana (emeritus member of the Board of Governors).
Chairman and CEO
Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: MERS Board of Directors (2006-2010); FHLBI Board of Directors (2007-2008); Mortgage Bankers Association, Washington D.C. (Immediate Past Chairman, 2005-2006; Chairman, 2004-2005; Chairman-Elect, 2003-2004; Vice Chairman, 2002-2003; Board of Directors, 1999-2006, 2008-2009); Indiana Association of Community and Economic Development (Board of Directors, 2013 – Present); Community Investment Fund of Indiana (Board of Directors, 2013 – Present); Archdiocese of Indianapolis Catholic Charities, Inc. (Board of Directors, Treasurer, 2009-2014); and Apartment Association of Indiana (Independent Owners Program, Chairman, 1984). Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the “Sagamore of the Wabash” in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.
Randall D. Rogers, CMB
Vice Chairman
Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.
A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.
Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.
Michael J. Dunlap
President and Co-COO
Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.
Scott A. Evans
President and Co-COO
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Susan Dehner Kucer
President, Indianapolis Market
Susan Dehner Kucer joined Merchants Bank of Indiana in 2016 and serves as President of the Indianapolis Market. Prior to joining Merchants, Susan spent the past 33 years at PNC Bank (formerly Merchants National and National City) in various leadership positions, most recently as their Senior Vice President and Business Banking Market Manager for Indiana, Illinois and Missouri. Prior to her banking experience, Susan was a Certified Financial Planner and Registered Representative of Investors Diversified Services. A graduate of Butler University, she currently serves on Butler’s College of Liberal Arts and Sciences Board of Visitors, is a Trustee for Brebeuf Jesuit Preparatory School, and has served as Past President and Government Liaison for the Indianapolis Mortgage Bankers Association. Susan was also an Associate Professor for Ivy Tech Community College, and served as a volunteer for the American Cancer Society, United Way and Easter Seals.
Jerry F. Koors
President, Merchants Mortgage
NMLS 986046
Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. He has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, he was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.
John Macke
Executive Vice President, Chief Financial Officer
John Macke joined Merchants in July 2017 after more than 25 years in the mortgage finance industry. Mr. Macke has served in the roles of EVP of Capital Markets and Chief Financial Officer at Stonegate Mortgage. Mr. Macke also spent many years with Irwin Mortgage, a national residential mortgage lending company, responsible for capital markets, strategy, business development, and finance department management. He has extensive experience with financial forecasting, planning and analysis, as well as servicing valuation and MSR hedging. Mr. Macke was also the Chief Operating Officer of Freedom Mortgage after its acquisition of Irwin Mortgage. He holds an MBA from the Kelley School of Business at Indiana University and a BS degree in finance from the University of Dayton.
Richard L. Belser
Senior Vice President, Chief Credit Officer
Richard (Rick) Belser joined Merchants Bank of Indiana in July 2007 and serves as Senior Vice President and Chief Credit Officer. Having graduated with a finance degree from the Indiana University Kelley School of Business and an MBA degree from Butler University, his banking career expands over 40 years holding executive management positions in Retail Banking, Business Banking, Corporate Banking, and Loan Administration.
Kevin T. Langford
Senior Vice President, Chief Administrative Officer
Kevin Langford joined Merchants Bank in January of 2017 as the Senior Vice President and Chief Administrative Officer. Kevin provides oversight and leadership for Technology, Human Resources, Marketing and Communications, and Compliance. Prior to joining Merchants Bank, Kevin was the President of Community Banking for First Financial Bank. Throughout his 25 year professional career, Kevin has held various technology, operational, and sales leadership roles at both First Financial Bank and Irwin Financial Corporation. He holds a Bachelor of Arts degree in business from Franklin College.
Terry Oznick
Senior Vice President, General Counsel
Terry Oznick joined Merchants Bank of Indiana as Senior Vice President and General Counsel in 2018. Terry has extensive experience representing financial institutions, including advising on mergers and acquisitions, SEC filings and compliance, operational issues, cash management products, and electronic banking. Prior to joining Merchants, Terry served as Senior Associate at the law firm of Krieg DeVault LLP, Senior Counsel and Vice President at Citibank, N.A., and more than 5 years as Assistant General Counsel and Vice President at JPMorgan Chase Bank, N.A. Terry is a graduate of The Ohio State University and received his law degree from New England School of Law.
Charles E. Bostian
Vice President, Bank and Treasury Management Operations
“Chuck” Bostian began his banking career in 1992 as a Management Trainee with Indiana National Bank. He spent seven years in retail banking managing various branches around Indianapolis. In 1999, Chuck transitioned to a position in Corporate Banking with Union Planters Bank managing the Central Indiana Cash Management Group. He is currently responsible for the development and oversight of the bank and treasury management operations.
Rebecca Marsh, CFMP
Vice President, Marketing and Communications, Chief Information Security Officer
Rebecca Marsh joined the bank in 2008 as the Information Technology Officer and is now the Vice President of Marketing and Communications. Rebecca also serves the corporation as the Chief Information Security Officer. She is responsible for company marketing initiatives and media, and Director and customer communications. Rebecca also serves as a shareholder relations representative for Merchants Bancorp. Prior to joining Merchants, she worked for Merchants National/National City from 1990 to 2001. Rebecca graduated with honors from the University of Phoenix with a Bachelor of Science in Information Technology/Multimedia and Visual Communications. Rebecca also holds a Certified Financial Marketing Professional (CFMP) designation from the American Bankers Association.
Angela Rees
Vice President, Internal Audit
Angela Rees joined the bank in 2010 as Controller/Accounting Manager and is now the Vice President of Internal Audit. She graduated with distinction from Indiana University East and passed her initial sitting of the CPA exam. Angela has an extensive professional banking and audit history to include more than 10 years of banking experience and more than 10 years as an auditor in public accounting.
Vickie Vandivier
Vice President and Investment Officer
Vickie Vandivier joined Merchants Bank of Indiana in May 2003. As Vice President and Investment Officer, Vickie is responsible for bank funding, liquidity management and the investment portfolio. Prior to joining Merchants Bank of Indiana, she spent 10 years at Merchants National Bank of Indianapolis as Vice President of the Money Market division and 7 years as Vice President of taxable trading with NatCity Investments.
Carol Gassen, CRCM
Vice President, Chief Compliance Officer, BSA and CRA Officer
Carol Gassen joined Merchants Bank of Indiana in 2015 as Chief Compliance Officer. Carol is responsible for ensuring the bank maintains compliance with applicable federal and state banking laws and regulations and also oversees the bank’s Bank Secrecy Act and Community Reinvestment Act programs. Carol has over 20 years of experience in compliance having worked for several Midwest regional and community banks. She is a graduate of Iowa State University with a BBA in Finance. Carol is actively involved in the community serving on the boards of Greater Indianapolis CRA Council and The Independence Academy; and serves on the Mortgage Advisory Council for Habitat for Humanity.
Nic Baumann
Vice President, Human Resources
Nic Baumann joined Merchants Bank of Indiana in 2016 as Vice President of Human Resources. He is responsible for the strategic development and administration of all human resources functions. Nic has more than a decade of experience in human resources having worked in most HR practice areas during that time. His SPHR and SHRM-SCP senior certifications reflect his extensive experience in the HR profession. His history of successfully building and growing organizations perfectly suits Merchants Bank. He is a graduate of Purdue University with a bachelor’s in statistics and a minor in sociology. Nic stays actively involved in the HR professional community through organizations such as the national SHRM chapter and IndySHRM.
Vice President, Information Technology
Bruce Wiley joined Merchants Bank of Indiana in June 2017 as the Vice President of Information Technology. His responsibilities include providing leadership and direction to the IT team for all banking and mortgage businesses. Prior to joining Merchants, Bruce held several technical and leadership roles in IT at Roche Diagnostics. Bruce holds a BS degree from Taylor University in Business Systems and an MBA degree from Butler University. He is a member of PMI and holds his PMP® certification.
Vice President, Business Banking
Indianapolis, Indiana
Ariana Meiser joined Merchants Bank of Indiana as a Business Banker in 2017. Prior to joining Merchants, she spent 6 years at PNC Bank working with healthcare practices and small businesses as a Healthcare Treasury Management Officer, Healthcare Business Banker, and Business Banker. In 2016, Ariana earned her Certified Treasury Professional (CTP) designation. She is a graduate of Indiana University Kelley School of Business with degrees in Finance and Operations Management. Ariana is actively involved in the healthcare community through the Indianapolis District Dental Society and Medical Group Management Association.
Vice President, Business Banking
Indianapolis, Indiana
Mark Harville joined Merchants Bank as a Business Banker in 2018. Prior to joining Merchants, he spent 12 years with PNC Bank working with Small Business and Commercial Clients in various capacities. Mark is committed to providing outstanding customer service and banking solutions to each customer. Mark is actively involved in Indianapolis and surrounding communities participating on various board leadership and is a graduate of the Madison County Leadership Academy.
Vice President, Business Banking
Indianapolis, Indiana
Jesse Collins joined Merchants Bank of Indiana as a Business Banker in September of 2018. Prior to joining Merchants, he has spent 10 years in banking working with Small business, Commercial, and Private Clients in various capacities. Jesse has made a commitment to provide outstanding customer service and tailored solutions to every client he serves. Jesse is actively involved in Indianapolis and surrounding areas. Jesse is a graduate of Indianapolis University Purdue University of Indianapolis.
Vice President, Consumer and Mortgage Lending
Lynn, Indiana
NMLS 631049
Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.
President, SBA Lending
Chicago, Illinois
Jeff Scott joined Merchants in 2019 bringing more than 25 years of commercial lending experience to his role as president of SBA Lending. The scope of his responsibilities include the build-out of a national origination strategy, underwriting, closing, and servicing platform focusing on SBA 7A, 504, and United States Department of Agriculture (USDA) loan programs.
Senior Business Development Officer
Chicago, Illinois
Sherwin Patidar joined Merchants in 2019 bringing more than 15 years of experience specializing in the SBA sector. His responsibilities include generating new commercial SBA 7a, 504 & USDA loans in accordance with bank guidelines.
Senior Business Development Officer
Indianapolis, Indiana
Tony Holtzman joined Merchants in 2019 as a senior business development officer, SBA Lending at the company’s Indianapolis office. Relationship- and results-focused, Holtzman has more than 25 years of Commercial, SBA 7a, SBA 504, USDA CRE Wholesale loan production sales, credit administration, portfolio management and underwriting experience in the Midwest.
Senior Vice President, Commercial Banking and Participations
Carmel, Indiana
Brian Emmons joined Merchants Bank of Indiana as Senior Vice President of Commercial Banking and Participations in 2016. His role is primarily focused on managing a national network of participant bank partners and developing business.Brian holds a Bachelor’s Degree in Finance through the Indiana University, Kelley School of Business with a minor in Accounting. His professional career includes over 30 years of banking and finance experience performing roles ranging from Chief Accounting Officer of a technology company to commercial, finance, operational, and business development functions in banking. Prior to joining Merchants, he was Regional Investment Real Estate Manager and First Vice President for First Merchants Bank.
Vice President, Senior Credit Officer, Investment Real Estate
Carmel, Indiana
Philip Daubenmire graduated from Taylor University in 2005 with a degree in International Business and from Indiana University in 2014 with a Masters of Business Administration. He joined the bank in July 2005 as a Personal Banker and has held positions in Loan Operations, Portfolio Management, and Loan Underwriting. Phil currently oversees the Investment Real Estate department. Phil is a member of the Venture Club of Indiana, serves on the Executive Committee of the Indiana Youth Lacrosse Association, as well as the regional advisory board for Hope International, Inc.
Vice President, Treasury Management
Carmel, Indiana
Kelley Leix joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2017. Prior to joining Merchants, Kelley held various banking roles but most of her experience is with business and treasury clients. Her role includes partnering with business bankers to further expand the depository and cash management needs of the client. She is a graduate of Miami University Farmer School of Business with a degree in Marketing. Kelley is actively involved in the Rotary Club of Zionsville as well as Women of Impact Boone County.
Treasury Management Officer
Carmel, Indiana
Annie Barbato joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2019. Annie brings seven years of prior banking experience from PNC Bank. She has also held various roles in management and business banking. In her current role, Annie works closely with businesses to manage cash flow needs, utilize technology to streamline banking, and mitigate fraud. Annie is a graduate of Indiana University Kelley School of Business with a degree in Finance.
Treasury Management Officer
Carmel, Indiana
Rhonda Vandivier joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2019. Rhonda brings over 25 years of Treasury Management experience working with Commercial, Small Business and Healthcare practices. Prior to joining Merchants, she worked at PNC Bank (formerly Merchants National and National City) in various sales roles with the majority of her career in Treasury Management. Her role is to help businesses manage their day-to-day cash flow processes. Rhonda graduated Magna Cum Laude from Indiana Wesleyan University with Bachelor of Science, Business Administration.
Scott A. Evans
President and Co-COO
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Dinese L. Watson
Vice President, Ag Lending Department Manager
Dinese Watson joined Merchants Bank of Indiana in November 2005 as an Ag Loan Officer, and currently serves as Vice President and Ag Lending Department Manager. A graduate of The Ohio State University, she has over 20 years of lending experience. Involved with her family’s hay and cattle operation in eastern Randolph County, Indiana, she enjoys serving the financial needs of her local community and Agricultural Sector. Contact Dinese at our Lynn, Indiana location to discuss our Ag Lending options!
Rick Cowen
Agricultural Lender
Rick Cowen joined Merchants Bank of Indiana in 2016. Rick attended Huntington University and brings 15 years of Commercial and Agricultural Lending experience as well as SBA and FSA Guaranteed Lending. Originally from Lynn, Indiana, Rick enjoys serving his local community as well as the agricultural sector from the surrounding areas.
Mat Berger
Agricultural Lender
Mat Berger joined Merchants Bank of Indiana in 2017. He is a graduate of Purdue University with a degree in Agriculture Systems Management and has five years of farm lending experience. He served six years in the Marine Corps Reserves and currently operates a small farm in Wayne County, Indiana.
Jerry F. Koors
President, Merchants Mortgage
Carmel, Indiana
NMLS 986046
Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. Jerry has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, Jerry was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.
Lisa Gabbert
Vice President, Mortgage Loan Officer
Carmel, Indiana
NMLS 759171
Lisa Gabbert joined the bank in November of 2006 as a Private Banker, focusing on providing outstanding service and product knowledge to fit both individuals and small business owner’s needs. Lisa serves as a Mortgage Loan Originator for Merchant Mortgage. Highlights of Lisa’s career are as follows: 10 Years of Residential Mortgage Lending Experience, Small Business Owner, Indianapolis Community Civic Leader for over 25 years, and Development Director for the National Children’s Film Festival.
Chris C. Rector
Vice President, Mortgage Loan Officer
Lynn, Indiana
NMLS 631049
Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.
Mark Bailey
Vice President, Mortgage Loan Officer
Carmel, Indiana
NMLS 572637
Mark Bailey joined Merchants Bank of Indiana in 2014 bringing over 20 years of mortgage lending experience. The purchase of a home is a very personal and often emotional experience. As a seasoned Mortgage Specialist, Mark can help ease your fears and guide you through the process. He is a graduate of the Kelley School of Business from Indiana University and earned my MBA from Butler University.
Becca Murphy
Mortgage Loan Originator
Indianapolis, Indiana
NMLS 396481
Becca Murphy joined Merchants Mortgage in June of 2017. With more than 31 years in mortgage banking experience, Becca will direct you through the process of choosing your best mortgage option and understanding next steps to make your mortgage experience a smooth one.
As a division of locally owned and operated Merchants Bank of Indiana, Merchants Mortgage offers a strong array of mortgage loan programs as well as local processing and underwriting. We are in your community to serve your banking and mortgage needs.
Patty Cummins
Mortgage Loan Originator
Indianapolis, Indiana
NMLS 875131
Patty Cummins joined Merchants Bank of Indiana in 2019 bringing more than 30 years of mortgage lending experience. She has served the mortgage industry as a Mortgage Loan Originator, a home loan consultant, a mortgage processor, and mortgage servicing manager. She is a graduate of Indiana State University and is an All In One Loan Certified Mortgage Professional.
Steve Clark
Mortgage Loan Originator
Carmel, Indiana
NMLS 1896231
Steve Clark is an Indianapolis native, a graduate of North Central High School and Indiana University, Bloomington. As a mortgage loan originator, Steve will consult with clients and prospects regarding their home borrowing needs, working with a variety of mortgage loan types. He works with first-time homebuyers and current home owners, where he provides guidance, support and consistent communication throughout the entire process. Contact Steve so he can show you how easy it is to bank with Merchants Bank.
Jan M. Olmstead
Mortgage Loan Originator
Carmel, Indiana
NMLS 203277
Jan Olmstead joined Merchants Mortgage in 2019 with over 25 years of experience in residential lending along with many years of title insurance experience and real estate services. Understanding the needs and desires of the borrower is an important role of a lender. With her consistent focus on customer service Jan will take her customers through the process with knowledge and understanding, making the home mortgage experience smooth. Prior to joining Merchants Mortgage Jan has held positions with Stonegate Mortgage, GMAC Mortgage and Waterfield Mortgage.
Mike Dum, CFA
Vice President, Correspondent Lending Manager
Mike Dum joined Merchants Bank of Indiana in February 2015 as the Manager of Correspondent Lending. Mike assisted in the development and implementation of the correspondent lending division at the bank, a department which he now manages. He is also responsible for all secondary marketing activities for the correspondent and retail mortgage channels.
Mike graduated with a degree in finance and received an MBA from the University of Indianapolis, where he was also a team captain for the football team. Mike is a CFA® charterholder.
Rob Wilson
Vice President, Correspondent Sales
Rob Wilson joined Merchants Mortgage in February 2017 as Correspondent Sales Executive and is responsible for Third Party Correspondent Sales. Rob has 20 years of Mortgage Banking Experience. During his Mortgage Banking career, he has held positions in Finance, Construction Lending, Operations, Sales and Sales Management. Prior to joining Merchants Mortgage, he was an Account Manager for Arch MI. Rob has also held various positions with Irwin Mortgage, Freedom Mortgage, and Stonegate Mortgage. He holds a BS in Accounting from Indiana University.
Tina Kirtley
Assistant Vice President, Lynn Branch Manager
Tina Kirtley joined the bank in 2009 as part of the operations department, focusing on customer service and daily balancing activities. She brings with her over 9 years banking experience. She is currently the Branch Manager and head of operations at our Lynn office.
Paula A. Manning
Assistant Vice President, Spartanburg Branch Manager
Paula Manning joined the bank in 2001. She is a 1986 graduate of Indiana University East, and a 1996 recipient of the Richmond Wayne County Chamber of Commerce Outstanding Customer Service Award. She has more than 25 years of banking experience, and her focus is to provide excellent personalized service to each customer. Paula also serves as the BSA and Compliance Deputy. She is an active member of her church and other community and charitable organizations.
Savandrea Houston
Assistant Vice President, Carmel Branch Manager
Savandrea joined Merchants Bank of Indiana in 2016 bringing more than six years banking experience. Savandrea graduated with honors from Indiana Tech with a Master of Science in Business Management. Her focus is to build relationships while managing the Carmel Branch location at 116th and Meridian Streets.
Matt Simpson
Assistant Vice President, Carmel Midtown Branch Manager
Matt Simpson joined Merchants Bank of Indiana as a Branch Manager in 2019. Prior to joining Merchants, he spent 12 years with PNC Bank at several locations throughout the greater Indianapolis area, working with consumer and business clients in various branch banker and management roles. Matt is actively involved with community organizations in Indianapolis and surrounding communities, serving in different board leadership positions and community outreach activities. He is dedicated to providing an exceptional customer experience and individualized solutions for all of his clients, as well as developing teams that are just as committed to their clients and communities. Matt is a graduate of Anderson University and Leadership Hancock County.
Kait Stempfley
Assistant Vice President, Indianapolis Branch Manager
Kait Stempfley joined Merchants Bank of Indiana in 2019, with 8 years of banking experience. Focusing on her passion for building lasting client and employee relationships, she serves as Branch Manager at the 96th Street location in Indianapolis. Kait is a graduate from the University of Cincinnati with a Bachelor’s Degree in Organizational Leadership and Human Resources. She is actively involved in volunteer and charitable efforts within the community.
Michael F. Petrie, CMB
Chairman of the Board
Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: Merchants Affordable Housing Corp., President and Director (1986 – present); Indiana Affordable Housing Council, Board of Directors (2016 – present); The Children’s Museum of Indianapolis (2015 – present); Multifamily Lenders Council (President); Community Investment Fund of Indiana, Board of Directors (2013 – present); Mortgage Bankers Association, Washington D.C., Chairman ( 2004 – 2005); Chairman – Elect, (2003 – 2004); Vice Chairman ( 2002 – 2003); Board of Directors (1999-2006, 2008 – 2009); Indiana Association of Community and Economic Development, Board of Directors (2013 – 2016); FHLBI Board of Directors ( 2007 – 2008); MERS Board of Directors (2006 – 2010).
Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the “Sagamore of the Wabash” in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.
Randall D. Rogers, CMB
Vice Chairman
Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.
A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.
Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.
Thomas W. Dinwiddie
Director
Mr. Dinwiddie has served as a director of Merchants Bank of Indiana since 2002. He is a partner with the law firm of Wooden & McLaughlin in Indianapolis, Indiana. His practice covers a broad range of commercial subjects, including real estate, real estate finance and real estate development. His clients include single family and multi-family mortgage lenders and commercial real estate owners and developers. Mr. Dinwiddie has been involved extensively with the impact of the Dodd-Frank Act on commercial banking and mortgage banking. He has represented the Indiana Mortgage Bankers Association for over thirty years and was the first recipient of the Distinguished Service Award presented by the Indiana Mortgage Bankers Association.
Michael J. Dunlap
Director
Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.
Scott A. Evans
Director
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Sue Anne Gilroy
Director
Sue Anne Gilroy has been a Director of the Company since June, 2017 and also serves as a director of the Bank. She has served as St.Vincent Hospital’s Vice President of Development and Executive Director of the St.Vincent Foundation since 2005. Under her leadership, the St.Vincent Foundation has raised over $50M to support hospital projects and programs.
Sue Anne’s distinguished background includes her service as Indiana’s first female Secretary of State from 1994 to 2003. During her tenure with Indiana government, she brought corporate, securities and election reform to the State. Her career in government service began in 1970 with Mayor Richard G. Lugar. She became the first female UniGov Director, as Director of Indianapolis Parks and Recreation from 1974-76. She returned to public service as Senator Richard G. Lugar’s Indiana State Director from 1990- 1993. She served as Mayor-elect Stephen Goldsmith Transition Chair in 1992.Most recently, she served on Governor Mitch Daniels’ Blue Ribbon Commission on Local Government Reform, which issued in December, 2007, its 26 recommendations to reform and restructure local government.
Sue Anne serves on the Boards of the University of Indianapolis, Oasis and University High School. She serves on the Advisory Boards of the Richard G. Lugar Center for Tomorrow’s Leaders at University of Indianapolis and True Brothers Initiative of Lambda Chi Alpha Fraternity. She is an elder and trustee of the Endowment Fund Board of Tabernacle Presbyterian Church. She was the 2010 chair of the Go! Red! American Heart Association luncheon.
Her awards include: Sagamore of the Wabash, Girls Inc. Touchstone Honoree, IBJ Woman of Influence and SPEA Distinguished Alumnus, Guardian of Small Business, and Speaking of Woman’s Health Honoree.
Sue Anne graduated Cum Laude from DePauw University with a Bachelor’s Degree in Speech and Secondary Education and holds a Master’s Degree in Public Administration from Indiana University at Indianapolis.
Patrick D. O’Brien
Director
Mr. O’Brien has been a Director of the Company since November, 2013 and also serves as a director of the Bank. Mr. O’Brien is the current President of O’Brien Toyota Scion, a Toyota dealership serving Indianapolis, and has served as its president since 1990. He also is president of O’Brien Properties and co-owner and managing member of Pinheads, a family entertainment center in Fishers, Indiana. Mr. O’Brien previously served as chairman of Toyota’s Regional Dealer Council, which serves a four state area including Indiana. He also served as past chairman of the Chicago Region Toyota Dealer Advertising Association and past President of the Indiana Auto Dealers Association of Indiana.
Andrew Juster
Director
Andrew Juster was elected to the Board in 2019. From 1989 through 2018, Mr. Juster was employed by Simon Property Group, Inc., a global leader in the ownership of premier shopping, dining, entertainment and mixed–use destinations, an S&P 100 company, and one of the largest publicly–traded real estate investment trusts in the United States. From 2015 to October 1, 2018, Mr. Juster served as Executive Vice President and Chief Financial Officer of Simon Property Group, Inc., and previously served as Executive Vice President and Treasurer. Mr. Juster is a graduate of American University and received a Master of Business Administration from the Wharton Graduate School of the University of Pennsylvania. Mr. Juster brings extensive knowledge of the commercial real estate market and significant experience in finance, including overseeing financing strategies and capital market activities, and an understanding of the necessary accounting systems and controls of a publicly traded company.
Anne Sellers
Director
Anne Sellers has been a Director of the Company since June, 2017 and also serves as a director of the Bank. She is Managing Principal and majority owner of Sensory Technologies LLC, an Indianapolis-based technology company with 130 employees. She grew up the oldest of seven children, the daughter of a lawyer and a homemaker in Lebanon, Indiana and graduated from DePauw University in 1983 with a BA in economics. While her professional experience includes accounting positions with several firms including Ernst and Young’s tax staff, her interest has been in the entrepreneurial arena as she has created and managed several companies, served on several industry boards, and given time to charitable organizations focusing on patterns of success and failure with each organization.
David N. Shane
Director
Mr. Shane has been a Director of the Company since November, 2013 and also serves as a director of the Bank. Mr. Shane is a retired member of the Board of Managers of LDI Ltd., LLC and served as its President and Chief Executive Officer from 2007-2012 and as its Vice-President and Executive Vice-President from 1997-2006. Mr. Shane also was a partner at Baker & Daniels (an Indianapolis-based law firm) from 1981-1995. Mr. Shane is actively involved in the community, including the following organizations: Mitch Daniels Leadership Foundation (Board of Directors); Wabash College (Board of Trustees, Executive Committee Chair); The Mind Trust (Board of Directors); Ascend Indiana, Inc. (Board of Advisors); Central Indiana Works Council (Board, Chair 2014-16); Indianapolis Chamber of Commerce (Education and Workforce Council); Central Indiana Corporate Partnership (emeritus member of the Board of Directors); and Economic Club of Indiana (emeritus member of the Board of Governors).
Michael F. Petrie, CMB
Chairman and CEO
Michael Petrie has served as a Director of the company and Chairman and CEO since 2002. He also has served as the President of PR Mortgage & Investments since co-founding the company in 1990.Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows: MERS Board of Directors (2006-2010); FHLBI Board of Directors (2007-2008); Mortgage Bankers Association, Washington D.C. (Immediate Past Chairman, 2005-2006; Chairman, 2004-2005; Chairman-Elect, 2003-2004; Vice Chairman, 2002-2003; Board of Directors, 1999-2006, 2008-2009); Indiana Association of Community and Economic Development (Board of Directors, 2013 – Present); Community Investment Fund of Indiana (Board of Directors, 2013 – Present); Archdiocese of Indianapolis Catholic Charities, Inc. (Board of Directors, Treasurer, 2009-2014); and Apartment Association of Indiana (Independent Owners Program, Chairman, 1984). Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the “Sagamore of the Wabash” in 2004 and MBA’s Burton C. Wood Legislative Service Award in 2000.
Randall D. Rogers, CMB
Vice Chairman
Randall (Randy) Rogers has served as a director of the Company and the Vice Chairman of the Bank since 2002. He also has served as the Chairman of PR Mortgage & Investments since co-founding the company in 1990.
Mr. Rogers co-founded PR Mortgage & Investments in 1990 after serving 21 years with Merchants National Corporation as Executive Vice President of the Real Estate Lending Group. The group was responsible for the origination and management of development, construction and permanent real estate loans both for portfolio and as an intermediary mortgage banking subsidiary.
A 1968 graduate of the University of North Carolina, Chapel Hill, Mr. Rogers also graduated in 1979 from the Stonier Graduate School of Banking, Rutgers University. In 1985 Mr. Rogers earned the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America.
Mr. Rogers has served on several professional and civic organization boards including, the Fannie Mae Regional Advisory Board, Westside Community Development Corporation, both the Indianapolis and Indiana Mortgage Bankers Associations, The Health & Hospital Corporation of Marion County, the Eskenazi Health Foundation, the Indianapolis Zoological Society, Indianapolis YWCA, the 1987 Pan American Games, the Greater Indianapolis Progress Committee and SKL Society. He also served as the President of the Indiana Mortgage Bankers Association, Chairman of the Marion County Health and Hospital Corporation, and Chairman of the Eskenazi Health Foundation.
Michael J. Dunlap
President and Co-COO
Michael (Mike) Dunlap joined Merchants Bank as Senior Vice President of Mortgage Banking in 2009. Mike became a member of the Board of Directors in 2014. He was primarily responsible for establishing the warehouse lending platform and Merchants Mortgage. He has over 25 years of mortgage banking experience. Prior to joining the Bank, he served as the Chief Financial Officer of National City Mortgage, now a part of PNC. Mike held similar finance positions at Bank One, now JPMorgan Chase and Waterfield Mortgage. He started his career as a Certified Public Accountant with KPMG after graduating with a Bachelor of Science degree from Indiana University Kelley School of Business.
Scott A. Evans
President and Co-COO
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Susan Dehner Kucer
President, Indianapolis Market
Susan Dehner Kucer joined Merchants Bank of Indiana in 2016 and serves as President of the Indianapolis Market. Prior to joining Merchants, Susan spent the past 33 years at PNC Bank (formerly Merchants National and National City) in various leadership positions, most recently as their Senior Vice President and Business Banking Market Manager for Indiana, Illinois and Missouri. Prior to her banking experience, Susan was a Certified Financial Planner and Registered Representative of Investors Diversified Services. A graduate of Butler University, she currently serves on Butler’s College of Liberal Arts and Sciences Board of Visitors, is a Trustee for Brebeuf Jesuit Preparatory School, and has served as Past President and Government Liaison for the Indianapolis Mortgage Bankers Association. Susan was also an Associate Professor for Ivy Tech Community College, and served as a volunteer for the American Cancer Society, United Way and Easter Seals.
Jerry F. Koors
President, Merchants Mortgage
NMLS 986046
Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. He has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, he was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.
John Macke
Executive Vice President, Chief Financial Officer
John Macke joined Merchants in July 2017 after more than 25 years in the mortgage finance industry. Mr. Macke has served in the roles of EVP of Capital Markets and Chief Financial Officer at Stonegate Mortgage. Mr. Macke also spent many years with Irwin Mortgage, a national residential mortgage lending company, responsible for capital markets, strategy, business development, and finance department management. He has extensive experience with financial forecasting, planning and analysis, as well as servicing valuation and MSR hedging. Mr. Macke was also the Chief Operating Officer of Freedom Mortgage after its acquisition of Irwin Mortgage. He holds an MBA from the Kelley School of Business at Indiana University and a BS degree in finance from the University of Dayton.
Richard L. Belser
Senior Vice President, Chief Credit Officer
Richard (Rick) Belser joined Merchants Bank of Indiana in July 2007 and serves as Senior Vice President and Chief Credit Officer. Having graduated with a finance degree from the Indiana University Kelley School of Business and an MBA degree from Butler University, his banking career expands over 40 years holding executive management positions in Retail Banking, Business Banking, Corporate Banking, and Loan Administration.
Kevin T. Langford
Senior Vice President, Chief Administrative Officer
Kevin Langford joined Merchants Bank in January of 2017 as the Senior Vice President and Chief Administrative Officer. Kevin provides oversight and leadership for Technology, Human Resources, Marketing and Communications, and Compliance. Prior to joining Merchants Bank, Kevin was the President of Community Banking for First Financial Bank. Throughout his 25 year professional career, Kevin has held various technology, operational, and sales leadership roles at both First Financial Bank and Irwin Financial Corporation. He holds a Bachelor of Arts degree in business from Franklin College.
Terry Oznick
Senior Vice President, General Counsel
Terry Oznick joined Merchants Bank of Indiana as Senior Vice President and General Counsel in 2018. Terry has extensive experience representing financial institutions, including advising on mergers and acquisitions, SEC filings and compliance, operational issues, cash management products, and electronic banking. Prior to joining Merchants, Terry served as Senior Associate at the law firm of Krieg DeVault LLP, Senior Counsel and Vice President at Citibank, N.A., and more than 5 years as Assistant General Counsel and Vice President at JPMorgan Chase Bank, N.A. Terry is a graduate of The Ohio State University and received his law degree from New England School of Law.
Charles E. Bostian
Vice President, Bank and Treasury Management Operations
“Chuck” Bostian began his banking career in 1992 as a Management Trainee with Indiana National Bank. He spent seven years in retail banking managing various branches around Indianapolis. In 1999, Chuck transitioned to a position in Corporate Banking with Union Planters Bank managing the Central Indiana Cash Management Group. He is currently responsible for the development and oversight of the bank and treasury management operations.
Rebecca Marsh, CFMP
Vice President, Marketing and Communications Chief Information Security Officer
Rebecca Marsh joined the bank in 2008 as the Information Technology Officer and is now the Vice President of Marketing and Communications. Rebecca also serves the corporation as the Chief Information Security Officer. She is responsible for company marketing initiatives and media, and Director and customer communications. Rebecca also serves as a shareholder relations representative for Merchants Bancorp. Prior to joining Merchants, she worked for Merchants National/National City from 1990 to 2001. Rebecca graduated with honors from the University of Phoenix with a Bachelor of Science in Information Technology/Multimedia and Visual Communications. Rebecca also holds a Certified Financial Marketing Professional (CFMP) designation from the American Bankers Association.
Angela Rees
Vice President, Internal Audit
Angela Rees joined the bank in 2010 as Controller/Accounting Manager and is now the Vice President of Internal Audit. She graduated with distinction from Indiana University East and passed her initial sitting of the CPA exam. Angela has an extensive professional banking and audit history to include more than 10 years of banking experience and more than 10 years as an auditor in public accounting.
Vickie Vandivier
Vice President and Investment Officer
Vickie Vandivier joined Merchants Bank of Indiana in May 2003. As Vice President and Investment Officer, Vickie is responsible for bank funding, liquidity management and the investment portfolio. Prior to joining Merchants Bank of Indiana, she spent 10 years at Merchants National Bank of Indianapolis as Vice President of the Money Market division and 7 years as Vice President of taxable trading with NatCity Investments.
Carol Gassen, CRCM
Vice President, Chief Compliance Officer, BSA and CRA Officer
Carol Gassen joined Merchants Bank of Indiana in 2015 as Chief Compliance Officer. Carol is responsible for ensuring the bank maintains compliance with applicable federal and state banking laws and regulations and also oversees the bank’s Bank Secrecy Act and Community Reinvestment Act programs. Carol has over 20 years of experience in compliance having worked for several Midwest regional and community banks. She is a graduate of Iowa State University with a BBA in Finance. Carol is actively involved in the community serving on the boards of Greater Indianapolis CRA Council and The Independence Academy; and serves on the Mortgage Advisory Council for Habitat for Humanity.
Nic Baumann
Vice President, Human Resources
Nic Baumann joined Merchants Bank of Indiana in 2016 as Vice President of Human Resources. He is responsible for the strategic development and administration of all human resources functions. Nic has more than a decade of experience in human resources having worked in most HR practice areas during that time. His SPHR and SHRM-SCP senior certifications reflect his extensive experience in the HR profession. His history of successfully building and growing organizations perfectly suits Merchants Bank. He is a graduate of Purdue University with a bachelor’s in statistics and a minor in sociology. Nic stays actively involved in the HR professional community through organizations such as the national SHRM chapter and IndySHRM.
Bruce Wiley
Vice President, Information Technology
Bruce Wiley joined Merchants Bank of Indiana in June 2017 as the Vice President of Information Technology. His responsibilities include providing leadership and direction to the IT team for all banking and mortgage businesses. Prior to joining Merchants, Bruce held several technical and leadership roles in IT at Roche Diagnostics. Bruce holds a BS degree from Taylor University in Business Systems and an MBA degree from Butler University. He is a member of PMI and holds his PMP® certification.
Rebecca graduated with honors from the University of Phoenix with a Bachelor of Science in Information Technology/Multimedia and Visual Communications. Rebecca also holds a Certified Financial Marketing Professional (CFMP) designation from the American Bankers Association.
Ariana Meiser
Vice President, Business Banker
Indianapolis, Indiana
Ariana Meiser joined Merchants Bank of Indiana as a Business Banker in 2017. Prior to joining Merchants, she spent 6 years at PNC Bank working with healthcare practices and small businesses as a Healthcare Treasury Management Officer, Healthcare Business Banker, and Business Banker. In 2016, Ariana earned her Certified Treasury Professional (CTP) designation. She is a graduate of Indiana University Kelley School of Business with degrees in Finance and Operations Management. Ariana is actively involved in the healthcare community through the Indianapolis District Dental Society and Medical Group Management Association.
Mark V. Harville
Vice President, Business Banker
Indianapolis, Indiana
Mark Harville joined Merchants Bank as a Business Banker in 2018. Prior to joining Merchants, he spent 12 years with PNC Bank working with Small Business and Commercial Clients in various capacities. Mark is committed to providing outstanding customer service and banking solutions to each customer. Mark is actively involved in Indianapolis and surrounding communities participating on various board leadership and is a graduate of the Madison County Leadership Academy.
Jesse Collins
Vice President, Business Banker
Indianapolis, Indiana
Jesse Collins joined Merchants Bank of Indiana as a Business Banker in September of 2018. Prior to joining Merchants, he has spent 10 years in banking working with Small business, Commercial, and Private Clients in various capacities. Jesse has made a commitment to provide outstanding customer service and tailored solutions to every client he serves. Jesse is actively involved in Indianapolis and surrounding areas. Jesse is a graduate of Indianapolis University Purdue University of Indianapolis.
Chris C. Rector
Vice President, Consumer and Mortgage Lending
Lynn, Indiana
NMLS 631049
Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.
Jeff Scott
President, SBA Lending
Chicago, Illinois
Jeff Scott joined Merchants in 2019 bringing more than 25 years of commercial lending experience to his role as president of SBA Lending. The scope of his responsibilities include the build-out of a national origination strategy, underwriting, closing, and servicing platform focusing on SBA 7A, 504, and United States Department of Agriculture (USDA) loan programs.
Sherwin Patidar
Senior Business Development Officer
Chicago, Illinois
Sherwin Patidar joined Merchants in 2019 bringing more than 15 years of experience specializing in the SBA sector. His responsibilities include generating new commercial SBA 7a, 504 & USDA loans in accordance with bank guidelines.
Tony Holtzman
Senior Business Development Officer
Indianapolis, Indiana
Tony Holtzman joined Merchants in 2019 as a senior business development officer, SBA Lending at the company’s Indianapolis office. Relationship- and results-focused, Holtzman has more than 25 years of Commercial, SBA 7a, SBA 504, USDA CRE Wholesale loan production sales, credit administration, portfolio management and underwriting experience in the Midwest.
Brian A. Emmons
Senior Vice President, Commercial Banking and Participations
Indianapolis, Indiana
Brian Emmons joined Merchants Bank of Indiana as Senior Vice President of Commercial Banking and Participations in 2016. His role is primarily focused on managing a national network of participant bank partners and developing business.Brian holds a Bachelor’s Degree in Finance through the Indiana University, Kelley School of Business with a minor in Accounting. His professional career includes over 30 years of banking and finance experience performing roles ranging from Chief Accounting Officer of a technology company to commercial, finance, operational, and business development functions in banking. Prior to joining Merchants, he was Regional Investment Real Estate Manager and First Vice President for First Merchants Bank.
Phil Daubenmire
Vice President, Senior Credit Officer, Investment Real Estate
Indianapolis, Indiana
Philip Daubenmire graduated from Taylor University in 2005 with a degree in International Business and from Indiana University in 2014 with a Masters of Business Administration. He joined the bank in July 2005 as a Personal Banker and has held positions in Loan Operations, Portfolio Management, and Loan Underwriting. Phil currently oversees the Investment Real Estate department. Phil is a member of the Venture Club of Indiana, serves on the Executive Committee of the Indiana Youth Lacrosse Association, as well as the regional advisory board for Hope International, Inc.
Kelley Leix
Vice President, Treasury Management
Carmel, Indiana
Kelley Leix joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2017. Prior to joining Merchants, Kelley held various banking roles but most of her experience is with business and treasury clients. Her role includes partnering with business bankers to further expand the depository and cash management needs of the client. She is a graduate of Miami University Farmer School of Business with a degree in Marketing. Kelley is actively involved in the Rotary Club of Zionsville as well as Women of Impact Boone County.
Annie Barbato
Treasury Management Officer
Carmel, Indiana
Annie Barbato joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2019. Annie brings seven years of prior banking experience from PNC Bank. She has also held various roles in management and business banking. In her current role, Annie works closely with businesses to manage cash flow needs, utilize technology to streamline banking, and mitigate fraud. Annie is a graduate of Indiana University Kelley School of Business with a degree in Finance.
Rhonda J. Vandivier
Treasury Management Officer
Carmel, Indiana
Rhonda Vandivier joined Merchants Bank of Indiana as a Treasury Management Sales Officer in 2019. Rhonda brings over 25 years of Treasury Management experience working with Commercial, Small Business and Healthcare practices. Prior to joining Merchants, she worked at PNC Bank (formerly Merchants National and National City) in various sales roles with the majority of her career in Treasury Management. Her role is to help businesses manage their day-to-day cash flow processes. Rhonda graduated Magna Cum Laude from Indiana Wesleyan University with Bachelor of Science, Business Administration.
Scott A. Evans
President and Co-COO
Scott Evans joined Merchants Bank of Indiana in 2004 as President and Chief Operating Officer and currently serves as President and Co-Chief Operating Officer. Prior to joining the bank, he spent the majority of his career working for small to mid-sized community banks serving in various senior management capacities. Scott is also involved in several agricultural related and local community organizations and operates a grain and livestock farm in southern Darke County, OH.
Dinese L. Watson
Vice President, Ag Lending Department Manager
Dinese Watson joined Merchants Bank of Indiana in November 2005 as an Ag Loan Officer, and currently serves as Vice President and Ag Lending Department Manager. A graduate of The Ohio State University, she has over 20 years of lending experience. Involved with her family’s hay and cattle operation in eastern Randolph County, Indiana, she enjoys serving the financial needs of her local community and Agricultural Sector. Contact Dinese at our Lynn, Indiana location to discuss our Ag Lending options!
Rick Cowen
Agricultural Lender
Rick Cowen joined Merchants Bank of Indiana in 2016. Rick attended Huntington University and brings 15 years of Commercial and Agricultural Lending experience as well as SBA and FSA Guaranteed Lending. Originally from Lynn, Indiana, Rick enjoys serving his local community as well as the agricultural sector from the surrounding areas.
Mat Berger
Agricultural Lender
Mat Berger joined Merchants Bank of Indiana in 2017. He is a graduate of Purdue University with a degree in Agriculture Systems Management and has five years of farm lending experience. He served six years in the Marine Corps Reserves and currently operates a small farm in Wayne County, Indiana.
Jerry F. Koors
President, Merchants Mortgage
Carmel, Indiana
NMLS 986046
Jerry Koors is the President of the newly formed Merchants Mortgage, and joined Merchants in October 2013. Jerry is responsible for originations, processing, underwriting, closing and delivery of investment quality loans to be held by Merchants, or sold on the Secondary Market. Jerry has over 24 years of mortgage banking experience. Prior to joining Merchants, he was the Regional Manager and Vice President for National City Mortgage, and then PNC Mortgage for more than 17 years. Prior to joining National City, Jerry was an Area Manager for Precedent Mortgage and a Manager at Norwest Financial. Jerry is a graduate of Marian University.
Lisa Gabbert
Vice President, Mortgage Loan Officer
Carmel, Indiana
NMLS 759171
Lisa Gabbert joined the bank in November of 2006 as a Private Banker, focusing on providing outstanding service and product knowledge to fit both individuals and small business owner’s needs. Lisa serves as a Mortgage Loan Originator for Merchant Mortgage. Highlights of Lisa’s career are as follows: 10 Years of Residential Mortgage Lending Experience, Small Business Owner, Indianapolis Community Civic Leader for over 25 years, and Development Director for the National Children’s Film Festival.
Chris C. Rector
Vice President, Mortgage Loan Officer
Lynn, Indiana
NMLS 631049
Chris Rector started with the bank in 1991. A graduate of Ball State University, he has more than twenty-five years of banking experience with his main focus to provide outstanding service and lending knowledge to each customer. To discuss our lending options, contact Chris at our Lynn Indiana location.
Mark Bailey
Vice President, Mortgage Loan Officer
Carmel, Indiana
NMLS 572637
Mark Bailey joined Merchants Bank of Indiana in 2014 bringing over 20 years of mortgage lending experience. The purchase of a home is a very personal and often emotional experience. As a seasoned Mortgage Specialist, Mark can help ease your fears and guide you through the process. He is a graduate of the Kelley School of Business from Indiana University and earned my MBA from Butler University.
Becca Murphy
Mortgage Loan Originator
Indianapolis, Indiana
NMLS 396481
Becca Murphy joined Merchants Mortgage in June of 2017. With more than 31 years in mortgage banking experience, Becca will direct you through the process of choosing your best mortgage option and understanding next steps to make your mortgage experience a smooth one.
As a division of locally owned and operated Merchants Bank of Indiana, Merchants Mortgage offers a strong array of mortgage loan programs as well as local processing and underwriting. We are in your community to serve your banking and mortgage needs.
Patty Cummins
Mortgage Loan Originator
Indianapolis, Indiana
NMLS 875131
Patty Cummins joined Merchants Bank of Indiana in 2019 bringing more than 30 years of mortgage lending experience. She has served the mortgage industry as a Mortgage Loan Originator, a home loan consultant, a mortgage processor, and mortgage servicing manager. She is a graduate of Indiana State University and is an All In One Loan Certified Mortgage Professional.
Steve Clark
Mortgage Loan Originator
Carmel, Indiana
NMLS 1896231
Steve Clark is an Indianapolis native, a graduate of North Central High School and Indiana University, Bloomington. As a mortgage loan originator, Steve will consult with clients and prospects regarding their home borrowing needs, working with a variety of mortgage loan types. He works with first-time homebuyers and current home owners, where he provides guidance, support and consistent communication throughout the entire process. Contact Steve so he can show you how easy it is to bank with Merchants Bank.
Jan M. Olmstead
Mortgage Loan Originator
Carmel, Indiana
NMLS 203277
Jan Olmstead joined Merchants Mortgage in 2019 with more than 25 years of experience in residential lending along with many years of title insurance experience and real estate services. Understanding the needs and desires of the borrower is an important role of a lender. With her consistent focus on customer service Jan will take her customers through the process with knowledge and understanding, making the home mortgage experience smooth. Prior to joining Merchants Mortgage Jan has held positions with Stonegate Mortgage, GMAC Mortgage and Waterfield Mortgage.
Mike Dum, CFA
Vice President, Correspondent Lending Manager
Mike Dum joined Merchants Bank of Indiana in February 2015 as the Manager of Correspondent Lending. Mike assisted in the development and implementation of the correspondent lending division at the bank, a department which he now manages. He is also responsible for all secondary marketing activities for the correspondent and retail mortgage channels.
Mike graduated with a degree in finance and received an MBA from the University of Indianapolis, where he was also a team captain for the football team. Mike is a CFA® charterholder.
Rob Wilson
Vice President, Correspondent Sales
Rob Wilson joined Merchants Mortgage in February 2017 as Correspondent Sales Executive and is responsible for Third Party Correspondent Sales. Rob has 20 years of Mortgage Banking Experience. During his Mortgage Banking career, he has held positions in Finance, Construction Lending, Operations, Sales and Sales Management. Prior to joining Merchants Mortgage, he was an Account Manager for Arch MI. Rob has also held various positions with Irwin Mortgage, Freedom Mortgage, and Stonegate Mortgage. He holds a BS in Accounting from Indiana University.
Tina Kirtley
Assistant Vice President, Lynn Branch Manager
Tina Kirtley joined the bank in 2009 as part of the operations department, focusing on customer service and daily balancing activities. She brings with her over 9 years banking experience. She is currently the Branch Manager and head of operations at our Lynn office.
Paula A. Manning
Assistant Vice President, Spartanburg Branch Manager
Paula Manning joined the bank in 2001. She is a 1986 graduate of Indiana University East, and a 1996 recipient of the Richmond Wayne County Chamber of Commerce Outstanding Customer Service Award. She has more than 25 years of banking experience, and her focus is to provide excellent personalized service to each customer. Paula also serves as the BSA and Compliance Deputy. She is an active member of her church and other community and charitable organizations.
Savandrea Houston
Assistant Vice President, Carmel Branch Manager
Savandrea joined Merchants Bank of Indiana in 2016 bringing more than six years banking experience. Savandrea graduated with honors from Indiana Tech with a Master of Science in Business Management. Her focus is to build relationships while managing the Carmel Branch location at 116th and Meridian Streets.
Matt Simpson
Assistant Vice President, Carmel Midtown Branch Manager
Matt Simpson joined Merchants Bank of Indiana as a Branch Manager in 2019. Prior to joining Merchants, he spent 12 years with PNC Bank at several locations throughout the greater Indianapolis area, working with consumer and business clients in various branch banker and management roles. Matt is actively involved with community organizations in Indianapolis and surrounding communities, serving in different board leadership positions and community outreach activities. He is dedicated to providing an exceptional customer experience and individualized solutions for all of his clients, as well as developing teams that are just as committed to their clients and communities. Matt is a graduate of Anderson University and Leadership Hancock County.
Kait Stempfley
Assistant Vice President, Indianapolis Branch Manager
Kait Stempfley joined Merchants Bank of Indiana in 2019, with 8 years of banking experience. Focusing on her passion for building lasting client and employee relationships, she serves as Branch Manager at the 96th Street location in Indianapolis. Kait is a graduate from the University of Cincinnati with a Bachelor’s Degree in Organizational Leadership and Human Resources. She is actively involved in volunteer and charitable efforts within the community.
