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Covington Advises Underwriters on $100 Million IPO of Merchants Bancorp

November 14, 2017

WASHINGTON—Covington advised the underwriters in the $100 million initial public offering of Merchants Bancorp.

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana. Merchants currently operates multiple lines of business with a focus on Federal Housing Administration multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking.

The Covington team consisted of Rusty Conner, Michael Reed, Chris DeCresce, Matt Franker, Frank Wu, Kristin Stortini, and Nick Kereiakes.


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