Michael F. Petrie has bought MBIN on 2 days since Aug 2023

Michael F. Petrie is the Chairman, CEO, and 10% Owner of Merchants Bancorp (MBIN), a position he has held since founding Merchants Bank of Indiana in 1990 and serving as a Director and Chairman since 2002.( He previously served as Chairman and President of Merchants Capital (formerly PR Mortgage & Investments), a multifamily finance company he co-founded in 1990, and leads the company's growth and strategy.(

Petrie holds a BS and MBA in Finance from Indiana University and has been active in industry and community roles, including past positions on the MERS Board of Directors (2006–2010), FHLBI Board (2007–2008), and Mortgage Bankers Association (Chairman 2004–2005).( He owns approximately 11.8 million shares of MBIN valued at over $370 million as of August 2024, with recent insider sales including 22,050 shares on August 27, 2024, and Series C Depositary Shares in February 2026 totaling $439,531.( Awards include the Sagamore of the Wabash (2004) and Indiana University’s Academy of Alumni Fellow (2019).(

Written by Perplexity from public sources.