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Merchants Bancorp (MBIN.OQ)

MBIN.OQ on NASDAQ Stock Exchange Capital Market

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Summary

Name Age Since Current Position

Michael Petrie

63 2006 Chairman of the Board, Chief Executive Officer

Randall Rogers

71 2006 President, Chief Operating Officer, Director, Vice Chairman of Merchants Bank

John Macke

52 2017 Chief Financial Officer of Merchants and Merchants Bank

Michael Dunlap

51 2014 Director, President and Co-Chief Operating Officer of Merchants Bank

Scott Evans

52 2006 Director, Lynn Market President and Co-Chief Operating Officer of Merchants Bank

Jerry Koors

53 2013 President of Merchants Mortgage

Susan Kucer

62 2016 Indianapolis Market President of Merchants Bank

Michael Dury

32 2007 Executive Vice President and Chief Operating Officer of P/RMIC

Bill Buchanan

59 2014 Senior Vice President and Chief Accounting Officer of Merchants and Merchants Bank

Richard Belser

66 2007 Senior Vice President and Senior Credit Officer of Merchants Bank

Kevin Langford

49 Senior Vice President and Chief Administrative Officer of Merchants Bank

Sue Gilroy

69 2017 Independent Director

Patrick O'Brien

59 2013 Independent Director

John Perry

73 2011 Independent Director

Anne Sellers

56 2017 Independent Director

David Shane

69 2013 Independent Director

Biographies

Name Description

Michael Petrie

Mr. Michael F. Petrie is Chairman of the Board, Chief Executive Officer of the Company and the Bank. In addition to Mr. Petrie's positions at Merchants and its subsidiaries, Mr. Petrie serves as the trustee of the Michael F. Petrie & Jody J. Petrie Foundation, a director and the President of Merchants Affordable Housing Corp., not-for-profit affordable housing provider, and as a director of Petrie Investment, LLC, Joy State Bank, the Indiana Affordable Housing Council, The Community Investment Fund of Indiana, Inc., and The Children's Museum of Indianapolis. Additionally, Mr. Petrie serves on the National Board for the Indiana University Varsity Club and the Advisory Board for the Indiana University Center for Real Estate Studies. In 2005, Mr. Petrie served as Chairman of the Mortgage Bankers Association Board of Directors, Washington, D.C. Mr. Petrie is a graduate of Indiana University with both a Bachelor of Science and Master of Business Administration in finance.

Randall Rogers

Mr. Randall D. Rogers is re designated as Vice Chairman of the Board of the company effective January 1, 2018. He is no longer President, Chief Operating Officer, Director, Vice Chairman of Merchants Bank of the Company effective January 1, 2018. He has served as a director of Merchants and the Vice Chairman of Merchants Bank since October 2006 and March 2002, respectively, President and Chief Operating Officer of Merchants since 2011, and Chairman of P/RMIC since it was founded by Mr. Petrie and Mr. Rogers in August 1990. In addition to Mr. Rogers' positions at Merchants and its subsidiaries, Mr. Rogers is also directly involved with the Rogers Family Foundation, which is administered by Central Indiana Community Foundation, which annually directs gifts to various 501(c) organizations supporting causes such as children's arts, the environment, animal welfare, poverty, healthcare, childhood education, and re-employment support. Mr. Rogers is a graduate of The University of North Carolina at Chapel Hill with a degree in economics and of the Stonier Graduate School of Banking at Rutgers University.

John Macke

Mr. John F. Macke is Chief Financial Officer of the Company and the Bank. Prior to joining Merchants, Mr. Macke served as Executive Vice President of Capital Markets at Stonegate Mortgage Corporation where he also served as Chief Financial Officer from April 2013 to May 2014 after joining in January 2012. Mr. Macke also held executive positions with Freedom Mortgage and Irwin Mortgage and has over 25 years of mortgage banking experience. Mr. Macke holds a Bachelor of Science degree in Business Administration from the University of Dayton and an MBA from Indiana University.

Michael Dunlap

Mr. Michael J. Dunlap is re designated as President, Chief Operating Officer, Director of the company effective January 1, 2018. Mr. Dunlap has over 25 years of mortgage banking experience and joined Merchants Bank as Senior Vice President of Mortgage Banking in August 2009 and has been primarily responsible for establishing our warehouse lending platform and Merchants Mortgage. Prior to joining Merchants Bank, Mr. Dunlap served as Chief Financial Officer of National City Mortgage, which is now part of The PNC Financial Services Group, Inc. and prior to that held similar finance positions at Bank One, which is now part of JPMorgan Chase & Co., and Waterfield Mortgage Co., which is now part of Huntington Bancshares, Inc. In addition to Mr. Dunlap's positions at Merchants and Merchants Bank, Mr. Dunlap also serves as a director of Joy State Bank. Mr. Dunlap is a graduate of Indiana University with a degree in accounting and is a former licensed Certified Public Accountant.

Scott Evans

Mr. Scott A. Evans is Director, Lynn Market President and Co-Chief Operating Officer of Merchants Bank of the Company. Mr. Evans has over 28 years of community banking and related experience. Prior to joining Merchants, Mr. Evans was Assistant Vice President, Agriculture Lending at Bath State Bank, Bath, Indiana from 2002 to 2004. Also, Mr. Evans served Vice President of The Farmers State Bank, New Madison, Ohio from 1989 to 2000 where he performed a variety management functions, including with respect to compliance, human resources, information technology, information security, and accounting. In addition to Mr. Evans' positions at Merchants and Merchants Bank, Mr. Evans also serves as a director and chairman of Joy State Bank and chairman of the finance committee of Saint Vincent Randolph Hospital Foundation, and is a member of the Ohio Farm Bureau and Ohio Corn and Wheat Growers Association. Mr. Evans is a graduate of The Ohio State University with a Bachelor of Science degree in agriculture, with an emphasis in agriculture economics and finance.

Jerry Koors

Mr. Jerry F. Koors is President of Merchants Mortgage of the Company. Prior to joining Merchants Mortgage, Mr. Koors had served as the Regional Vice President for PNC Mortgage since February 1995. Mr. Koors has spent over 20 years in lending and bank-related management roles, including managing up to 120 loan officers in up to five states in the origination of investment quality loans sold to various agencies.

Susan Kucer

Ms. Susan D. Kucer is Indianapolis Market President of Merchants Bank of the Company. Prior to joining Merchants Bank, Ms. Kucer served as Senior Vice President and the Business Banking Market Manager for PNC Bank from November 1982 through December 2016. At PNC Bank Ms. Kucer led a team of sales and relationship managers to provide deposit, lending, treasury management and merchant services to business customers throughout four Midwest states. Ms. Kucer is currently on the board of Visitors for Butler University's College of Liberal Arts and Sciences and on the Board of Trustees for Brebeuf Jesuit Preparatory School.

Michael Dury

Mr. Michael R. Dury is Executive Vice President and Chief Operating Officer of P/RMIC of the Company. Mr. Dury has been with P/RMIC since July 2007 in various capacities, starting as a Real Estate Investment Officer and currently in the position of Executive Vice President and Chief Operating Officer of P/RMIC. During his employment with P/RMIC, Mr. Dury has also served as the Assistant Vice President, Vice President, and Senior Vice President and Chief Operating Officer. In addition to his professional employment, Mr. Dury serves as the President of the Board of Directors of The Notre Dame Club of Indiana.

Bill Buchanan

Mr. Bill D. Buchanan is Senior Vice President and Chief Accounting Officer of the Company and the Bank. Since passing the CPA examination in 1984, Mr. Buchanan has spent the majority of his career in senior finance/accounting managerial roles in the financial services industry, most recently as the CFO of Lafayette Community Bank, a mid-sized Indiana community bank, from September 2006 to August 2014.

Richard Belser

Mr. Richard L. Belser is Senior Vice President and Senior Credit Officer of Merchants Bank of the Company. Mr. Belser joined Merchants Bank in July 2007 as Senior Vice President and Senior Credit Officer for the Indianapolis market. 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, Business, and Corporate Banking. Mr. Belser's responsibilities include Loan Administration and Chairman of the Bank's Discount Committee.

Kevin Langford

Mr. Kevin T. Langford is Senior Vice President and Chief Administrative Officer of Merchants Bank of the Company. Mr. Langford is currently the SVP and Chief Administrative Officer of Merchants Bank and his responsibilities include management of human resources, information technology, compliance and marketing. He joined Merchants Bank in January 2017. Prior to joining Merchants Bank, Mr. Langford served in various executive and management capacities with First Financial Bank, including President of Community Banking, President of Consumer Banking, CIO, and CAO.

Sue Gilroy

Ms. Sue Anne Gilroy is Independent Director of the Company. Ms. Gilroy has served as Executive Director and Vice President of Development for the St. Vincent Foundation, Indianapolis, Indiana, since 2005. Ms. Gilroy has held a number of offices in public service and previously served as Indiana's first female Secretary of State from 1994 to 2002, the first female director of Indianapolis and Marion County, Indiana's consolidated city-county government as Director of Indianapolis Parks and Recreation from 1974 to 1976, Senator Richard G. Lugar's Indiana State Director from 1990 to 1993, and on Indiana Governor Mitch Daniels' Blue Ribbon Commission on Local Government Reform in 2007. In addition, Ms. Gilroy also serves on the board of directors of University of Indianapolis, Indianapolis Oasis, and University High School, Indianapolis, Indiana, 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, and as trustee of the Endowment Fund Board of Tabernacle Presbyterian Church. Ms. Gilroy is a graduate of DePauw University with a degree in speech and secondary education and holds a master's degree in public administration from Indiana University, Indianapolis.

Patrick O'Brien

Mr. Patrick D. O'Brien is Independent Director of the Company. Since 1990 Mr. O'Brien has been President of O'Brien Toyota, a Toyota dealership serving Indianapolis, Indiana. In addition, Mr. O'Brien is on the executive committee of K&P Property Development, LLC, a real estate holding company, and co-owner and managing member of Pinheads, a family entertainment center in Fishers, Indiana. Mr. O'Brien has previously served as chairman of Toyota's Regional Dealer Council, which serves a four state area including Indiana, chairman of the Chicago Region Toyota Dealer Advertising Association, and President of the Auto Dealers Association of Indiana. Mr. O'Brien is a graduate of Indiana University with a bachelor's degree in business management.

John Perry

Mr. John W. Perry is Independent Director of the Company. Since December 2004, Mr. Perry has been Senior Vice President and Trust Officer of Terre Haute Savings Bank, Terre Haute, Indiana. From 1974 to 2000 Mr. Perry served in various capacities in community banking at First Financial Corporation, Terre Haute, Indiana, and its subsidiary Terre Haute First National Bank, now known as First Financial Bank, National Association, including as Cashier, Trust Officer, Chief Financial Officer, and Board Secretary. From 2001 to 2004 Mr. Perry served as the First Vice President and Trust Officer for Union Federal Bank of Indianapolis. In addition, since 2014 Mr. Perry has also been a director of THSB Investment Company. Mr. Perry also served on the Accounting Committee of the American Bankers Association from 1988 to 1992 and is currently the Chairman of the Congregation Finance Committee for Sisters of Providence. Mr. Perry is holds a Bachelor of Science and Master of Business Administration from Indiana State University and is a graduate of the Stonier Graduate School of Banking at Rutgers University.

Anne Sellers

Ms. Anne E. Sellers is Independent Director of the Company. Since 2006 Ms. Sellers has served as Managing Principal and majority owner of Sensory Technologies, LLC, an Indianapolis based company that specializes in audiovisual integration technologies, including videoconferencing system design, web streaming and distribution, and sound and acoustic design. Ms. Sellers' has also previously served in a variety of accounting and finance roles, including with Ernst & Young. In addition, Ms. Sellers is also a member of the board of directors of the National Systems Contractors Association and The Alliance Group, a member of the executive committee of The Gathering, and a past member of the board of directors of the National Association of Women Business Owners, Indianapolis Chapter. Ms. Sellers is a graduate of DePauw University with a degree in economics.

David Shane

Mr. David N. Shane is Independent Director of the Company. Mr. Shane previously served as member of the board of managers of LDI Ltd., LLC, an Indianapolis based diversified holding company that focuses on funding and operating middle-market companies, and as its President and Chief Executive Officer from 2007 to 2012 and its Vice-President and Executive Vice-President from 1997 to 2006. From 1981 to 1995 Mr. Shane was a partner at the law firm of Baker & Daniels LLP, now part of Faegre Baker Daniels LLP. In addition, Mr. Shane is also a director at Our Health, Inc. and Syndicate Sales, Inc., and serves as a member of the board of directors of Lilly Endowment, Inc., The Mind Trust and Wabash College. Mr. Shane is an emeritus member of the board of directors of the Central Indiana Corporate Partnership and the Economic Club of Indiana. Mr. Shane is a graduate of Wabash College with a degree in English and received his juris doctor degree from Duke University School of Law.