Merchants Bancorp Declares Quarterly Cash Dividend

CARMEL, Ind., Aug. 16, 2018 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that the Board of Directors declared a quarterly cash dividend for the third quarter of 2018 of $0.06 per share on the Company's outstanding shares of common stock.  The dividend is payable October 1, 2018, to shareholders of record on September 15, 2018.

ABOUT MERCHANTS BANCORPMerchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business with a focus on Federal Housing Administration ("FHA") multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking.  Merchants Bancorp, with $3.8 billion in assets and $3.2 billion in deposits as of June 30, 2018, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, P/R Mortgage and Investment Corp., Joy State Bank, RICHMAC Funding LLC and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbankofindiana.com.

View original content with multimedia:http://www.prnewswire.com/news-releases/merchants-bancorp-declares-quarterly-cash-dividend-300698439.html

SOURCE Merchants Bancorp