| Company: |
Merchants Bancorp (NASDAQ:MBIN) |
| Date announced: |
3/17/2021 |
| Shares Offered: |
6,000,000 |
| Date of Pricing: |
3/17/2021 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Merchants Bancorp ( "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank of Indiana ("Merchants Bank"), announced the pricing of an underwritten public offering of 6,000,000 depositary shares each representing a 1/40th ownership interest in a share of its 6.00% Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock, (the "Series C preferred stock"), with a liquidation preference of $25.00 per depositary share. |
Merchants Bancorp is a diversified bank holding company operating through subsidiaries like Merchants Bank of Indiana and Merchants Capital Corp. It has three segments: Multi-family Mortgage Banking, offering financing and servicing for multi-family housing and healthcare facilities, and syndicating low-income housing tax credit and debt funds; Mortgage Warehousing, providing mortgage warehouse financing, commercial loans, and deposit services; and Banking, offering portfolio lending for multi-family and healthcare facility loans, residential mortgage banking, agricultural lending, SBA lending, and traditional community banking.
Preferreds: MBINP, MBINO, MBINN, MBINM, MBINL
Open the MBIN Page at Preferred Stock Channel »
Preferred Stock Offerings
