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Michael Petrie Biography and Net Worth

CEO of Merchants Bancorp
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Michael Petrie has served as a Director of Merchants Bank of Indiana and Chairman since 2002. He has also previously served as the Chairman and President of Merchants Capital (formerly PR Mortgage & Investments), a multifamily finance company he co-founded in 1990.

Mr. Petrie is active in the industry and in the community, as evidenced by his affiliations listed as follows:

  • MERS Board of Directors (2006 – 2010)
  • FHLBI Board of Directors (2007 – 2008)
  • Mortgage Bankers Association, Washington D.C. (Immediate Past Chairman 2005-2006, Chairman 2004 – 2005, Chairman Elect 2003 – 2004, Vice Chairman 2002 – 2003, Board of Directors 1999- 2006; 2008 – 2009)
  • Indianapolis Neighborhood Housing Partnership Board of Directors ( 2015 – 2021)
  • Indiana Affordable Housing Council (Board of Directors, Vice President)
  • IU Varsity Club (National Board of Directors)
  • Indianapolis Chamber of Commerce (Board of Directors)

Mr. Petrie is a graduate of Indiana University with both a BS and MBA in Finance. Mr. Petrie was awarded the “Sagamore of the Wabash” in 2004, MBA’s Burton C. Wood Legislative Service Award in 2000, Indiana University’s Academy of Alumni’s Fellow in 2019, and the IAA’s Joe Rhodes Memorial Award in 2014.

What is Michael F. Petrie's net worth?

The estimated net worth of Michael F. Petrie is at least $64.83 million as of August 27th, 2024. Mr. Petrie owns 1,990,545 shares of Merchants Bancorp stock worth more than $64,832,051 as of April 23rd. This net worth evaluation does not reflect any other assets that Mr. Petrie may own. Additionally, Mr. Petrie receives a salary of $1,050,000.00 as CEO at Merchants Bancorp. Learn More about Michael F. Petrie's net worth.

How old is Michael F. Petrie?

Mr. Petrie is currently 70 years old. There are 6 older executives and no younger executives at Merchants Bancorp. Learn More on Michael F. Petrie's age.

What is Michael F. Petrie's salary?

As the CEO of Merchants Bancorp, Mr. Petrie earns $1,050,000.00 per year. There are 2 executives that earn more than Mr. Petrie. The highest earning executive at Merchants Bancorp is Mr. Michael R. Dury M.B.A., President & CEO of Merchants Capital Corp, who commands a salary of $8,690,000.00 per year. Learn More on Michael F. Petrie's salary.

How do I contact Michael F. Petrie?

The corporate mailing address for Mr. Petrie and other Merchants Bancorp executives is 410 MONON BLVD, CARMEL IN, 46032. Merchants Bancorp can also be reached via phone at (317) 569-7420 and via email at tdurle@merchantsbankofindiana.com. Learn More on Michael F. Petrie's contact information.

Has Michael F. Petrie been buying or selling shares of Merchants Bancorp?

Michael F. Petrie has not been actively trading shares of Merchants Bancorp over the course of the past ninety days. Most recently, Michael F. Petrie sold 22,050 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $45.34, for a transaction totalling $999,747.00. Following the completion of the sale, the chief executive officer now directly owns 1,990,545 shares of the company's stock, valued at $90,251,310.30. Learn More on Michael F. Petrie's trading history.

Who are Merchants Bancorp's active insiders?

Merchants Bancorp's insider roster includes Michael Dunlap (COO), Michael Dury (President and CEO), Scott Evans (President and COO), Patrick O'Brien (Director), Terry Oznick (Executive Vice President, General Counsel), Michael Petrie (CEO), Randall Rogers (Vice Chairman), and David Shane (Director). Learn More on Merchants Bancorp's active insiders.

Are insiders buying or selling shares of Merchants Bancorp?

In the last year, Merchants Bancorp insiders bought shares 3 times. They purchased a total of 51,200 shares worth more than $1,470,212.00. In the last year, insiders at the sold shares 3 times. They sold a total of 122,050 shares worth more than $5,377,247.00. The most recent insider tranaction occured on January, 29th when insider Scott A Evans sold 25,000 shares worth more than $1,077,500.00. Insiders at Merchants Bancorp own 34.8% of the company. Learn More about insider trades at Merchants Bancorp.

Information on this page was last updated on 1/29/2025.

Michael F. Petrie Insider Trading History at Merchants Bancorp

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Michael F. Petrie Buying and Selling Activity at Merchants Bancorp

This chart shows Michael F Petrie's buying and selling at Merchants Bancorp by year and by quarter.

Skip ChartChart Data in Insider Trading History Table
2022202320242025$0bought$0soldQ2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2-$500k$0$500kTotal Insider BuyingTotal Insider Selling

Merchants Bancorp Company Overview

Merchants Bancorp logo
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
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Today's Range

Now: $32.57
Low: $32.39
High: $34.19

50 Day Range

MA: $37.02
Low: $31.06
High: $43.36

2 Week Range

Now: $32.57
Low: $30.73
High: $53.27

Volume

122,961 shs

Average Volume

191,113 shs

Market Capitalization

$1.49 billion

P/E Ratio

5.16

Dividend Yield

1.23%

Beta

1.15