Merchants Bank Of Indiana is a bank based in Carmel, Indiana, established in 1923, with $20.3 billion in total assets across 8 branches. By Trust Grade it ranks 24th of 89 banks we track in Indiana. Its capital ratio of 11.1% trails most similarly sized banks (44th percentile), versus a Indiana median of 9.6%. It was profitable over the most recent period, with a 1.41% return on assets. No consumer complaints against Merchants Bank Of Indiana appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Merchants Bank Of Indiana compares to Indiana peers
How we graded Merchants Bank Of Indiana
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.1% capital ratio)
- Strongly profitable (ROA 1.41%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Merchants Bank Of Indiana over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (8)
- 3737 E 96th St, Indianapolis, IN 46240
- 6880 S Arba Pike, Lynn, IN 47355
- 410 Monon Blvd, Carmel, IN 46032
- 11590 N Meridian St, Carmel, IN 46032
- 201 South Main Street, Lynn, IN 47355
- 701 E Main St, Richmond, IN 47374
- 1400 Industries Road, Suite 200, Richmond, IN 47374
- 101 W Kirkwood Ave, Bloomington, IN 47404
Are deposits at Merchants Bank Of Indiana insured?
Yes. Merchants Bank Of Indiana is an FDIC-insured bank (FDIC certificate #8056). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Merchants Bank Of Indiana: frequently asked questions
Is Merchants Bank Of Indiana a good bank?
Merchants Bank Of Indiana earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.1% capital ratio); Strongly profitable (ROA 1.41%).
Is Merchants Bank Of Indiana FDIC-insured?
Yes. Merchants Bank Of Indiana is a FDIC-insured bank (FDIC certificate #8056). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Merchants Bank Of Indiana?
Merchants Bank Of Indiana holds $20.3 billion in total assets, ranking 24th of 89 banks we track in Indiana. It operates 8 branches.
Does Merchants Bank Of Indiana have CFPB complaints?
No CFPB complaints against Merchants Bank Of Indiana appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
