trending Market Intelligence /marketintelligence/en/news-insights/trending/4x3SXNEuRqDobt-n_JyTTA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Merchants Bancorp begins preferred stock offering

Blog

Banking Essentials Newsletter - April Edition

Blog

Tracking Credit Risk at a Major U.S. Retailer

Blog

Banking Essentials Newsletter: March Edition - Part 2

Blog

A Bank Takes Its Project Finance Assessments to a New Level


Merchants Bancorp begins preferred stock offering

Carmel, Ind.-based Merchants Bancorp started an underwritten public offering of shares of its fixed-to-floating rate series A noncumulative perpetual preferred stock, with a liquidation preference of $25 per share.

The company expects to use net proceeds from the offering for general corporate purposes, including supporting balance sheet growth of unit Merchants Bank of Indiana and potential future acquisitions.

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