Merchants Capital has formally announced the promotion of Brian Sullivan to executive vice president and chief operating officer of Merchants Capital.  Since stepping into this role in August 2018, Sullivan continues to lead capital markets activities, while overseeing the execution of strategic initiatives, notably the implementation of an industry-leading, custom loan origination and servicing software.

Previously, Sullivan served as the vice president of Merchants Capital and Merchants Bank of Indiana – the parent company of Merchants Capital, formerly PR Mortgage and Investments. Sullivan, who has been with Merchants Bancorp since 2013, has more than a decade of experience in project management, capital markets, and correspondent loan origination.

In his new role, Sullivan is responsible for oversight of production, servicing and asset management and capital markets, with a focus on building a resilient and robust platform to support the company’s growth plans. Previously, he led the capital markets group for the company and was involved with Merchants Bancorp’s mergers and acquisitions (M&A) and corporate finance groups.

“We’re thrilled to promote Brian to COO and to continue to enhance our team with top talent from within,” said Michael Dury, president of Merchants Capital. “Brian has a unique background having led our capital markets desk, executing bank and mortgage company acquisitions, and helping our parent company with its public offering.  Most importantly, Brian’s leadership abilities make this a well-deserved role at Merchants Capital and we look forward to a bright future together.”

Sullivan earned his MBA from the Indiana University Kelley School of Business and his bachelor’s degree from DePauw University. Sullivan is involved civically with the Build Fund, an economic development focused CDFI, LISC Indianapolis, and the Penrod Society, which supports the arts and cultural education in central Indiana.

For more information about Merchants Capital, visit www.merchantscapital.com.

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ABOUT MERCHANTS CAPITAL

Merchants Capital, formerly PR Mortgage & Investments (and RICHMAC Funding), is a multifamily, affordable, and healthcare lender offering a direct way to access fixed rate, long-term, non-recourse financing via our bank, Merchants Bank, all with a single point of contact. Merchants Capital strives to provide the best origination and service of its loan products with exceptional customer service, accuracy, creativity, speed and conformance to regulations. To learn more about Merchants Capital, visit www.merchantscapital.com.

MEDIA CONTACT: Ashley Shuler, 317-202-2280 ext. 30, ashley.shuler@dittoepr.com

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements which reflect current views of Merchants Bancorp and its subsidiary, Merchants Capital Corp., with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may,” “might,” “should,” “could,” “predict,” “potential,” “believe,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “goal,” “target,” “outlook,” “aim,” “would,” “annualized” and “outlook,” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements.  A number of important factors could cause our actual results to differ materially from those indicated in these forward-looking statements, including those factors identified in “Risk Factors” or “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Merchants Bancorp’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and in its subsequent filings with the Securities and Exchange Commission.  Any forward-looking statements presented herein are made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.