Merchants Bancorp (MBIN) Prices 9.2M Depositary Share Offering

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Go back to Merchants Bancorp (MBIN) Prices 9.2M Depositary Share Offering

Merchants Bancorp Prices Depositary Share Offering

November 18, 2024 4:05 PM EST

CARMEL, Ind., Nov. 18, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), a holding company that operates through its wholly owned subsidiary, Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 9,200,000 depositary shares, each representing a 1/40th ownership interest in a share of its 7.625% Fixed Rate Series E Non-Cumulative Perpetual Preferred Stock (the "Series E preferred stock"), with a... More