The 12 closest competitors and alternatives to Merchants Bancorp among banking companies — ranked by similarity to what Merchants Bancorp actually does, not by market-cap band.
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Merchants Bancorp operates as a diversified financial services holding company across the United States. Its operations are organized into three primary divisions: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking division focuses on originating and servicing government-sponsored mortgages for multi-family dwellings and healthcare institutions. It also tailors loan products specifically for independent living, assisted living, memory care, and skilled nursing developments, and serves as a syndicator for low-income housing tax credits and related debt funds. The Mortgage Warehousing division provides funding for residential loans eligible for agency backing, covering their initiation, acquisition, and sale within the secondary market, in addition to extending commercial credit to non-depository financial firms. Finally, the Banking division offers a broad spectrum of financial products and services to both individual consumers and businesses. These offerings encompass various deposit accounts and a diverse portfolio of loan options, including multi-family construction and bridge loans, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer credit. Furthermore, this segment facilitates single-family mortgage lending, construction, bridge, and lot financing, first-lien home equity lines of credit, and Small Business Administration (SBA) lending programs. Founded in 1990, Merchants Bancorp maintains its corporate headquarters in Carmel, Indiana.
Merchants Bancorp is a banking company headquartered in Carmel, United States. It is publicly listed (MBIN) with a market capitalisation of $2.3B. Xcout tracks 25 named people at Merchants Bancorp, including Michael R. Dury (President & Chief Executive Officer of Merchants Capital Corp).
19 more named people on record for Merchants Bancorp, with roles, board committees and tenure — see the full roster →
Ranked by semantic similarity — how close each company is to Merchants Bancorp by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
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As the holding company for Capital Bank, N.A., Capital Bancorp, Inc. delivers a diverse suite of financial and banking services across the United States. Its clientele encompasses businesses, non-profit entities, and entrepreneurs. The company organizes its operations across three primary segments: Commercial Banking, Capital Bank Home Loans, and OpenSky. Clients have access to various deposit options, including checking, savings, time, interest-bearing demand, and money market accounts, alongside certificates of deposit and credit cards. A significant originator of residential mortgages, the firm also extends a wide array of lending solutions. These offerings include financing for residential and commercial real estate, construction projects, and general commercial business needs. Moreover, it provides consumer loans such as term loans, vehicle financing, and marine loans. Its lending services cater specifically to small to mid-sized businesses, professionals, real estate investors, smaller residential developers, and individual customers. Founded in 1974, Capital Bancorp is headquartered in Rockville, Maryland, and operates through four commercial bank branches, four mortgage offices, and one dedicated loan production office.
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Hope Bancorp, Inc., established in 2000 and headquartered in Los Angeles, California, functions as the parent entity for Bank of Hope. Through its subsidiary, Bank of Hope, it delivers a comprehensive suite of banking solutions to both individuals and small to medium-sized enterprises across the United States. Customers have access to a wide array of deposit accounts, encompassing personal and business checking, money market accounts, savings accounts, certificate of deposits, and individual retirement accounts. The institution's lending portfolio is extensive, covering various financial needs. For businesses, it offers commercial loans tailored for purposes such as working capital, inventory purchases, debt consolidation, business acquisitions, and other operational financing requirements. Furthermore, it provides real estate loans, Small Business Administration (SBA) loans, and a range of consumer credit products such as single-family mortgages, home equity lines, auto loans, credit cards, and personal loans. Beyond traditional banking, Hope Bancorp extends trade finance facilities, including the issuance and negotiation of letters of credit and management of documentary collections. It also offers warehouse lines of credit for mortgage originators and commercial equipment leasing solutions. Cash management services, such as remote deposit capture, lock box systems, and ACH origination, are available, alongside investment and wealth management advice. Digital banking options like mobile and internet banking are provided, complemented by debit card services, foreign exchange, automated teller machines, safe deposit boxes, and other standard banking provisions. As of December 31, 2021, the company maintained a significant physical presence, operating 47 full-service branches spanning California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama. Its reach also includes SBA loan production offices in key metropolitan areas like Atlanta, Houston, Dallas, Denver, Portland, Seattle, Fremont, and Southern California, in addition to a representative office located in Seoul, Korea.
Similar banking company
FB Bancorp, Inc. functions as the parent entity for Fidelity Bank, a mutual savings bank incorporated under Louisiana law. Fidelity Bank's principal business involves gathering funds from the public through deposits and then allocating these, along with capital generated from its operations, to provide mortgage financing for one-to-four family homes in its primary service regions. The bank also extends credit for residential construction projects, commercial property ventures, general business purposes, home equity through both term loans and lines of credit, and various personal consumer loans.
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Avidbank Holdings, Inc. serves as the parent company for Avidbank, a financial institution that delivers a broad spectrum of products and services to small and mid-sized businesses, professionals, and individuals. Its primary service area spans the Santa Clara, San Mateo, and San Francisco counties. The bank offers a full suite of deposit accounts for both personal and business use, including checking, money market, savings accounts, and certificates of deposit. Its diverse lending options cater to personal needs, providing secured and unsecured credit lines, home equity lines of credit, and loans for home remodels or new construction, as well as general term loans. For corporate clients, Avidbank extends credit facilities such as working capital lines, equipment financing, acquisition funding, shareholder buyout loans, Employee Stock Ownership Plan (ESOP) loans, and loans for owner-occupied commercial real estate. Furthermore, it provides commercial real estate lending, encompassing both permanent and bridge financing solutions. Avidbank also specializes in construction financing, offering loans for land acquisition, pre-development, speculative single-family dwellings, owner-occupied single-family homes, condominiums, and subdivision developments. This segment also includes unsecured business lines, real estate bridge loans, and other real estate-secured credit facilities. Beyond conventional banking, the company furnishes specialized financial solutions, including structured finance, venture lending, asset-based lending, and sponsor finance. A comprehensive range of banking services is available, such as automated clearing house (ACH) payments and collections, bill pay, wire transfers, lockbox services, merchant services, remote deposit capture, ATM/debit cards, credit cards, business courier services, cash management, and notary services. Additionally, customers can access modern banking conveniences through online and mobile platforms. Founded in 2003, Avidbank Holdings, Inc. is headquartered in San Jose, California.
Similar banking company
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate loans, and land loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, and land development. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans, automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans; and commercial business loans. The company was founded in 1915 and is headquartered in Hoquiam, Washington.
Similar banking company
Paragon Banking Group PLC is a leading provider of diverse financial solutions across the United Kingdom. The company's operations are structured into three distinct divisions: Mortgage Lending, Commercial Lending, and Idem Capital. The Mortgage Lending division specializes in property-backed finance, encompassing both buy-to-let mortgages for investors and owner-occupied residential loans, including first and second charges, along with related services. Meanwhile, Commercial Lending caters to businesses with a diverse suite of financial products, such as funding for small and medium-sized enterprises (SMEs), development finance for property projects, structured lending solutions, and vehicle financing. The Idem Capital segment's activities involve the acquisition and management of various credit assets, including equipment leases, motor finance agreements, residential mortgages, and unsecured personal loans. Furthermore, Idem Capital extends its expertise to managing loan portfolios on behalf of institutional clients like banks, private equity firms, and specialist lenders. Beyond its lending operations, Paragon Banking Group also offers a comprehensive range of savings accounts to household customers. Established in 1985, the company is headquartered in Solihull, United Kingdom. It adopted its current name, Paragon Banking Group PLC, in September 2017, having previously been known as The Paragon Group of Companies PLC.
Similar banking company
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, single tenant lease, public, specialty, healthcare and finance, small business lending, commercial deposits and treasury management, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.
Similar banking company
Farmers & Merchants Bancorp, Inc. functions as the holding company for The Farmers & Merchants State Bank, offering a broad spectrum of commercial banking solutions. The bank serves individual customers and small businesses throughout northwest Ohio and northeast Indiana. Its offerings include various deposit accounts such as checking, savings, and time deposits, along with custodial services for Individual Retirement Accounts (IRAs) and Health Savings Accounts (HSAs). The company's lending products are extensive, covering commercial, agricultural, and residential mortgages. Specifically, it provides financing for agricultural land, farm equipment, livestock, and operational expenses like seeds and fertilizers. Consumer loans are available for home improvements, vehicles (automobiles, trucks, recreational vehicles, and motorcycles), and credit cards. Additionally, it offers commercial real estate loans, including lines of credit and machinery purchase financing. For customer convenience, Farmers & Merchants Bancorp, Inc. provides Automated Teller Machine (ATM) and Interactive Teller Machine (ITM) access. It also supports digital banking through online and mobile platforms, remote deposit capture, and merchant credit card processing. Electronic transaction services, such as wire transfers and Automated Clearing House (ACH) file transmissions, are also available. The company was founded in 1897 and is headquartered in Archbold, Ohio.
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Monroe Federal Bancorp, Inc. operates as a community bank that provides personal and business banking services. Its offerings include checking and savings accounts, certificates of deposit, retirement accounts, mortgage and personal loans, and merchant services.
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MVB Financial Corp. operates as a financial holding company, delivering a comprehensive suite of financial services to both individual consumers and corporate clients. The company serves customers across the Mid-Atlantic region and extends its reach internationally. Its operations are structured into three primary divisions: CoRe Banking, Mortgage Banking, and Financial Holding Company. Within its core banking offerings, MVB provides a variety of deposit accounts, including checking, savings, money market, and certificates of deposit. The company also extends credit solutions, such as commercial, consumer, and real estate mortgage loans, alongside various lines of credit. An array of supplementary banking services includes debit cards, cashier's checks, safe deposit box rentals, and non-deposit investment options. Notably, it also specializes in financial technology (Fintech) banking services. Beyond traditional banking, MVB Financial Corp. offers title insurance. It further provides an integrated range of services encompassing regulatory compliance, state licensing, financial crime prevention, and enterprise risk management; these solutions cover consulting, outsourcing, testing, and training. Moreover, the firm delivers customizable fraud prevention services designed for merchants, credit agencies, Fintech companies, and other vendors. It also engages in consulting for the development of online and mobile banking platforms and digital products for Fintech entities, concurrently undertaking software development projects. As of December 31, 2021, MVB maintained a physical presence with eight full-service branches, comprising six in West Virginia and two in Virginia. Established in 1997, the company's headquarters are situated in Fairmont, West Virginia.
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ECB Bancorp, Inc. functions as the holding company for Everett Co-operative Bank, offering a comprehensive suite of banking products and financial services. The institution provides a variety of deposit accounts, including certificates of deposit, individual retirement accounts, money market accounts, savings accounts, demand deposit accounts, and both interest-bearing and non-interest-bearing checking options. Its lending portfolio encompasses diverse loans such as those for one-to-four family residential properties, commercial and multi-family real estate, construction and land development, general commercial purposes, and consumer needs, alongside home equity loans and lines of credit. Additionally, the company makes strategic investments in securities, primarily consisting of obligations issued by the U.S. government and federal agencies, mortgage-backed instruments, and corporate bonds. It conducts its operations through two full-service banking branches located in Everett and Lynnfield, Massachusetts. The company was founded in 1890 and maintains its headquarters in Everett, Massachusetts.
Similar banking company
Mercer Bancorp, Inc. serves as the parent company for Mercer Savings Bank, offering a comprehensive array of financial products and services to individuals and businesses across western Ohio. The institution accepts various deposit accounts, including checking, savings, and certificates of deposit. Its diverse loan portfolio features mortgages for one- to four-family residences and multifamily properties, agricultural and commercial real estate loans, along with construction and land financing. Additionally, they provide home equity lines of credit, commercial and industrial loans, consumer loans, and indirect automobile loans. The company also invests in securities and facilitates convenient online and mobile banking. Established in 1888, its main office is situated in Celina, Ohio.
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