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AELF Announces Completion of $40 Million Credit Facility With Merchants

Merchants Bank of Indiana s Chairman and Co-Founder Named a Leader in Banking Excellence from the Indiana Bankers Association

CARMEL, IN - Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants Bank”) is proud to announce the company’s Chairman and Co-Founder, Michael F. Petrie, has been honored by the Indiana Bankers Association (IBA) with the prestigious IBA Leaders in Banking Excellence award. The annual Leaders in Banking Excellence awards, the IBA’s highest honor, celebrates exceptional leaders each year who have positively impacted Indiana banks and communities. Petrie, along with two other.

Merchants Bank of Indiana Receives Superior Rating from Nationally Recognized Bank Rating Agency IDC Financial Publishing

CARMEL, IN - Merchants Bank of Indiana (NASDAQ: MBIN) (“Merchants Bank”) is proud to announce it has received a superior rating from the nationally recognized bank rating agency IDC Financial Publishing, Inc. Merchants Bank of Indiana received a 300 rating, the highest possible safety rating awarded from the agency. Since 1985, IDC Financial Publishing, Inc. (IDC) has been rating the safety and soundness of over 10,000 financial institutions across the country. Each quarter, IDC.

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