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MERCHANTS BANCORP

Active

in

Registration No.
192117-018
Incorporation Date
1923-06-07
Company Type
Not disclosed
Address
Carmel, United States
Website
www.merchantsbankofindiana.com/
Source: Indiana Secretary of State — INBiz

MERCHANTS BANCORP is a registered legal entity registered in United States under 192117-018, and its current status with Indiana Secretary of State — INBiz is active. The company was incorporated on 7 June 1923 and lists its registered address as Carmel, United States. 5 shareholders are on record for MERCHANTS BANCORP, and since every one of them is a company rather than an individual, this particular filing does not on its own establish an ultimate beneficial owner (UBO) — identifying one would mean tracing the ownership of each shareholding company in turn. This profile is sourced directly from Indiana Secretary of State — INBiz and was last updated on 2 October 2026.

Data Provenance
This record is sourced directly from official government registries, including Indiana Secretary of State — INBiz.

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Shareholders

5

Five shareholders are currently on record for MERCHANTS BANCORP, reflecting the stock ledger maintained under state corporate law (e.g. §219 of the Delaware General Corporation Law) rather than a public filing.

The largest of these is iShares Trust-iShares Russell 2000 ETF, holding 18.9% — the largest recorded stake — followed by iShares Trust-iShares Preferred and Income Securities ETF at 18.3%; the remaining 3 shareholders shown hold smaller stakes.

The register reports 9 shareholders in total, though only the top 5 by holding are shown in this view.

Because every shareholder shown is a company rather than an individual, the ownership chain continues above this level, and no beneficial owner can be established from this filing alone.

Shareholder Type Holding Source Document
iShares Trust-iShares Russell 2000 ETF 18.9% Indiana Secretary of State — INBiz
iShares Trust-iShares Preferred and Income Securities ETF 18.3% Indiana Secretary of State — INBiz
Delaware Group Equity Funds V-Macquarie Small Cap Value Fund 17.9% Indiana Secretary of State — INBiz
American Century ETF Trust-Avantis U.S. Small Cap Value ETF 14.9% Indiana Secretary of State — INBiz
Invesco Exchange-Traded Fund Trust II-Invesco Preferred ETF 8.4% Indiana Secretary of State — INBiz

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Full cap table, ownership percentages, and ultimate beneficial owners resolved down to the natural person.

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Officers

5

The President of MERCHANTS BANCORP currently on record is RANDALL ROGERS; five officers are currently on record for MERCHANTS BANCORP, filed with Indiana Secretary of State — INBiz.

The register reports 24 officers in total, including past appointments, though only the 5 most relevant records are shown here.

Management authority at MERCHANTS BANCORP sits with these individuals, not with shareholders, who are covered separately and hold ownership rather than control.

The source filing doesn't specify representation authority — whether officers can act individually or must sign jointly to bind the company — so that detail isn't available here.

RR
RANDALL ROGERS ACTIVE

Residence
🇺🇸 United States
Occupation
President

MD
MICHAEL DUNLAP ACTIVE

Residence
🇺🇸 United States
Occupation
Officer

JM
JAMES MURPHY ACTIVE

Residence
🇺🇸 United States
Occupation
President

TB
TREG BAUCHERT ACTIVE

Residence
🇺🇸 United States
Occupation
Officer

RR
RANDALL ROGERS ACTIVE

Residence
🇺🇸 United States
Occupation
Officer

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Group Structure

MERCHANTS BANCORP has no recorded parent company — it sits at the top of its own group structure, with 45 subsidiaries recorded beneath it across 1 jurisdiction. Each of these downward relationships is derived rather than filed: resolved by matching entities across the registry network, not stated directly in a single document.

Those 45 subsidiaries span United States jurisdiction, though this list should not be read as complete — subsidiaries only become visible here where shareholder data has actually been filed with a register, so holdings in jurisdictions without that filing simply won't appear.

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Frequently Asked Questions

Who owns MERCHANTS BANCORP?

Five shareholders are currently on record for MERCHANTS BANCORP, reflecting the stock ledger maintained under state corporate law (e.g. §219 of the Delaware General Corporation Law) rather than a public filing. The largest of these is iShares Trust-iShares Russell 2000 ETF, holding 18.9% — the largest recorded stake — followed by iShares Trust-iShares Preferred and Income Securities ETF at 18.3%; the remaining 3 shareholders shown hold smaller stakes. Because every shareholder shown is a company rather than an individual, the ownership chain continues above this level, and no beneficial owner can be established from this filing alone.

Who is MERCHANTS BANCORP's UBO (Ultimate Beneficial Owner)?

Every shareholder recorded for MERCHANTS BANCORP is itself a company rather than a natural person, so no Ultimate Beneficial Owner (UBO) is identified at this level; establishing one would require tracing the ownership of each shareholding company in turn.

How many shareholders does MERCHANTS BANCORP have on record?

5 shareholders are shown on record for MERCHANTS BANCORP. The register reports 9 in total; only the top 5 by holding are shown here.

What is MERCHANTS BANCORP's company registration number?

MERCHANTS BANCORP's registration number is 192117-018, filed with Indiana Secretary of State — INBiz in United States. Its current status on the register is active.

Is MERCHANTS BANCORP still an active company?

MERCHANTS BANCORP's status on Indiana Secretary of State — INBiz is listed as active.

When was MERCHANTS BANCORP incorporated?

MERCHANTS BANCORP was incorporated on 7 June 1923, according to Indiana Secretary of State — INBiz.

What is MERCHANTS BANCORP's registered address?

The registered address on file for MERCHANTS BANCORP is Carmel, United States.

Who are the officers/directors of MERCHANTS BANCORP?

The President of MERCHANTS BANCORP currently on record is RANDALL ROGERS; five officers are currently on record for MERCHANTS BANCORP, filed with Indiana Secretary of State — INBiz. Management authority at MERCHANTS BANCORP sits with these individuals, not with shareholders, who are covered separately and hold ownership rather than control.

Does MERCHANTS BANCORP have a parent company or subsidiaries?

MERCHANTS BANCORP has no recorded parent company — it sits at the top of its own group structure, with 45 subsidiaries recorded beneath it across 1 jurisdiction. Those 45 subsidiaries span United States jurisdiction, though this list should not be read as complete — subsidiaries only become visible here where shareholder data has actually been filed with a register, so holdings in jurisdictions without that filing simply won't appear.

Can Zavia monitor changes to MERCHANTS BANCORP's ownership over time?

This profile reflects a point-in-time snapshot from Indiana Secretary of State — INBiz. Zavia's monitoring API can track changes to MERCHANTS BANCORP's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.

Can I access MERCHANTS BANCORP's data through an API?

Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including United States, so records like MERCHANTS BANCORP's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.

Where does this company information come from, and how current is it?

This record is sourced directly from Indiana Secretary of State — INBiz and was last synced on 2 October 2026.

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