MBIN - Merchants Bancorp

Insider Purchase by Dury Michael R. (CEO of Merchants Capital)

6 Months
After Trade
Before Trade

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Trade Summary

3 months ago, Dury Michael R., serving as CEO of Merchants Capital at Merchants Bancorp (MBIN), purchased 15,500 shares at $31.64 per share, for a total transaction value of $490,420.00. Following this transaction, Dury Michael R. now holds 186,274 shares of MBIN.

This purchase represents a 9.00% increase in Dury Michael R.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, October 30, 2025 and publicly disclosed via SEC Form 4 filing on Monday, November 3, 2025, 4 days after the trade was made.

Merchants Bancorp operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Dury Michael R.

CEO of Merchants Capital

Michael R. Dury is the President and Chief Executive Officer of Merchants Capital, a division of Merchants Bancorp (NASDAQ: MBIN), where he oversees all debt and equity platforms.[[1]](https://merchantscapital.com/team/michael-r-dury/)[[5]](https://merchantscapital.com/leadership/) He joined the firm in 2007, advancing through roles such as investment officer and Chief Operating Officer before his promotion to President and CEO in 2018.[[1]](https://merchantscapital.com/team/michael-r-dury/)[[6]](https://www.prnewswire.com/news-releases/merchants-bancorp-announces-executive-officer-promotions-300991777.html) Under his leadership, Merchants Capital has expanded from a small FHA lender to a nationally recognized full-service provider, contributing to Merchants Bancorp's growth, including its 2017 initial public offering and recent market capitalization exceeding $1 billion with over $10 billion in assets.[[1]](https://merchantscapital.com/team/michael-r-dury/) Dury is a key member of Merchants Bancorp's executive management team and has received accolades including selection as a Mortgage Bankers Association 'Future Leader,' the Indianapolis Business Journal’s Forty Under 40, and the 2020 Indy’s Best and Brightest award in banking and financial services.[[1]](https://merchantscapital.com/team/michael-r-dury/) He holds an undergraduate degree from the University of Notre Dame and an MBA in finance from Indiana University’s Kelley School of Business.[[1]](https://merchantscapital.com/team/michael-r-dury/) Recently, on May 1, 2025, Dury purchased 3,305 shares of MBIN stock for approximately $101,992, increasing his direct holdings to 106,574 shares.[[2]](https://www.investing.com/news/insider-trading-news/merchants-bancorp-ceo-michael-r-dury-buys-101992-in-stock-93CH-4019950)

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Trade Price

$31.64

Quantity

15,500

Total Value

$490,420.00

Shares Owned

186,274

Trade Date

Thursday, October 30, 2025

115 days ago

SEC Filing Date

Monday, November 3, 2025

Filed 4 days after trade

FINANCIAL SERVICESBANKS - REGIONAL

About Merchants Bancorp

Company Overview

No company information available
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