trending Market Intelligence /marketintelligence/en/news-insights/trending/1MMk_O06dFs7OCt3nuIVhQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Indiana-based Merchants Bancorp prices preferred stock offering

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Indiana-based Merchants Bancorp prices preferred stock offering

Merchants Bancorp priced an underwritten public offering of 2 million shares of its 7.00% fixed-to-floating rate series A noncumulative perpetual preferred stock, with a liquidation preference of $25.00 per share.

The Carmel, Ind.-based company granted the underwriters a 30-day option to buy 300,000 additional preferred shares.

Merchants Bancorp may redeem the preferred stock at a redemption price equal to $25.00 per share, subject to regulatory approval, on or after April 1, 2024.

Net proceeds from the offering are expected to be used for general corporate purposes, which include supporting the balance sheet growth of unit Merchants Bank of Indiana and potential selective future acquisitions.

Sandler O'Neill & Partners LP is serving as sole underwriter for the offering.