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Michael Petrie

Merchants co-founder and chairman and chief executive of Merchants Bancorp.

His apartment-finance background and the business founded with Randall Rogers in 1990 form part of the bank’s origins.

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Financial company profileResearch updated Oct 5, 2026

Merchants Bank of Indiana: the community bank built around mortgage finance →

Michael Petrie and Randall Rogers began with apartment financing, acquired a small Indiana bank and entered mortgage warehousing during the financial crisis. Their institution now combines local banking with national financing for homes, apartments and healthcare properties.

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