Indiana bank joins list of those shedding branches
Merchants Bancorp said it reached deals with two banks to sell a total of four branches in Illinois. Joining a groundswell of banks pruning their b...
Merchants Bancorp said it reached deals with two banks to sell a total of four branches in Illinois. Joining a groundswell of banks pruning their branch networks, Merchants Bancorp in Carmel, Indiana, plans to sell four branches as it sharpens its focus on mortgage lending. The $13.1 billion-asset Merchants , the parent of Merchants Bank of Indiana and Farmers-Merchants Bank of Illinois, said in a press release Friday that it lined up a pair of deals to sell the branches in Illinois. Bank of Pontiac in Pontiac, Michigan, agreed to buy Merchants branches in Paxton, Melvin and Piper City.