Merchants Bank of Indiana
Carmel, IN · State, non-member commercial bank
Sonar Score
Strong
out of 100 · from public FDIC data
Reported June 30, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.
Key figures
- Total assets
- $21.2B
- Total deposits
- $14.3B
- Branches
- 8
- Return on assets
- 1.49%
- Return on equity
- 13.29%
- Charter type
- State, non-member commercial bank
- Established
- 1923
- FDIC cert #
- 8056
How the 84 breaks down
Well-capitalized by regulatory thresholds.
Strong returns on its asset base.
Efficient use of shareholder capital.
Large, diversified balance sheet.
Your deposits at Merchants Bank of Indiana
Merchants Bank of Indiana is an FDIC-insured institution (Cert #8056). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →
8 branch locations
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
Sponsored · we may earn a commission
Earning enough on your savings?
Many big-bank savings accounts pay near 0%. Compare today's top high-yield savings and CD rates from FDIC-insured banks before you decide where to keep your cash.
Compare savings ratesOther banks in Indiana
Old National Bank
Evansville, IN
First Merchants Bank
Muncie, IN
Centier Bank
Whiting, IN
1st Source Bank
South Bend, IN
German American Bank
Jasper, IN
Lake City Bank
Warsaw, IN