The estimated Net Worth of Michael F. Petrie is at least $87 Million dollars as of 27 August 2024. Mr. Petrie owns over 22,050 units of Merchants Bancorp stock worth over $84,299,581 and over the last 7 years he sold MBIN stock worth over $1,973,574. In addition, he makes $717,342 as Chairman of the Board and Chief Executive Officer at Merchants Bancorp.
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Mr. Petrie MBIN stock SEC Form 4 insiders trading
Michael has made over 7 trades of the Merchants Bancorp stock since 2023, according to the Form 4 filled with the SEC. Most recently he sold 22,050 units of MBIN stock worth $999,747 on 27 August 2024.
The largest trade he's ever made was selling 22,050 units of Merchants Bancorp stock on 27 August 2024 worth over $999,747. On average, Michael trades about 3,491 units every 20 days since 2018. As of 27 August 2024 he still owns at least 1,990,545 units of Merchants Bancorp stock.
You can see the complete history of Mr. Petrie stock trades at the bottom of the page.
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Michael Petrie biography
Michael F. Petrie serves as Chairman of the Board, Chief Executive Officer of the Company. Mr. Petrie has served as Chairman and Chief Executive Officer of the Company since October 2006 and also serves as Chairman of its subsidiary, Merchants Bank of Indiana (“Merchants Bank”). From March 2002 through December 2019, Mr. Petrie served as Chief Executive Officer of Merchants Bank, and served President of the Company’s subsidiary Merchants Capital Corp. (“Merchants Capital”) from when it was founded by Mr. Petrie and Mr. Rogers in August 1990 until January 2018. In addition to Mr. Petrie’s positions at the Company and its subsidiaries, Mr. Petrie serves as the trustee of the Michael F. Petrie & Jody J. Petrie Foundation and as a director of the Indianapolis Neighborhood Housing Partnership, the Indiana Affordable Housing Council, and the Indianapolis Chamber of Commerce. Additionally, Mr. Petrie serves on the National Board for the Indiana University Varsity Club and the Advisory Board for the Indiana University Center for Real Estate Studies. In 2005, Mr. Petrie served as Chairman of the Mortgage Bankers Association Board of Directors, Washington, D.C. Mr. Petrie is a graduate of Indiana University with both a Bachelor of Science and Master of Business Administration in finance. Mr. Petrie brings to the Board, among other skills and qualifications, extensive bank management experience derived from 40 years in the mortgage banking industry. Mr. Petrie also brings to the Board a broad strategic vision for the Company, and the Board believes this is valuable in developing and implementing the Company’s strategic growth initiatives.
What is the salary of Michael Petrie?
As the Chairman of the Board and Chief Executive Officer of Merchants Bancorp, the total compensation of Michael Petrie at Merchants Bancorp is $717,342. There are 4 executives at Merchants Bancorp getting paid more, with Michael R. Dury M.B.A. having the highest compensation of $4,316,840.
How old is Michael Petrie?
Michael Petrie is 66, he's been the Chairman of the Board and Chief Executive Officer of Merchants Bancorp since 2006. There are 4 older and 18 younger executives at Merchants Bancorp. The oldest executive at Merchants Bancorp is Randall Rogers, 74, who is the Vice Chairman of the Board.
What's Michael Petrie's mailing address?
Michael's mailing address filed with the SEC is 11555 N Meridian St #400, Carmel, IN 46032, USA.
Insiders trading at Merchants Bancorp
Over the last 7 years, insiders at Merchants Bancorp have traded over $27,386,690 worth of Merchants Bancorp stock and bought 562,251 units worth $13,281,814 . The most active insiders traders include Randall D. Rogers, Patrick D. O'brien, and Andrew Juster. On average, Merchants Bancorp executives and independent directors trade stock every 35 days with the average trade being worth of $772,760. The most recent stock trade was executed by Michael F. Petrie on 27 August 2024, trading 22,050 units of MBIN stock currently worth $999,747.
What does Merchants Bancorp do?
merchants bank of indiana focuses on several aspects of mortgage and agricultural lending and retail banking services from four central indiana locations. merchants has $3 billion in assets and 200+ employees. merchants bank of indiana owns pr mortgage & investments, a leading multi-family housing mortgage company in the midwest united states. merchants bank of indiana has been selected as one of the best places to work in indiana for 2016 and 2017. merchants was also recognized by snl financial (an offering of s&p; global intelligence) as one of the top performing community banks nationally with assets between $1 billion and $10 billion. merchants was listed as #25 in the nation, the highest rated indiana bank on the list. the indianapolis business journal (ibj) banking and finance edition in may 2017 listed merchants as the 12th largest indianapolis area bank. in july 2017, the ibj listed merchants bank of indiana as one of the fastest growing companies in the indianapolis area. merc
What does Merchants Bancorp's logo look like?
Complete history of Mr. Petrie stock trades at Merchants Bancorp
Merchants Bancorp executives and stock owners
Merchants Bancorp executives and other stock owners filed with the SEC include:
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Michael R. Dury M.B.A.,
Pres of Merchants Capital Corp -
Michael Dury,
Chief Executive Officer - Merchants Capital -
Michael Dunlap,
President and Chief Operating Officer of the Company and Chief Executive Officer of Merchants Bank -
Michael J. Dunlap,
Pres, CEO & Director -
Michael Petrie,
Chairman of the Board, Chief Executive Officer -
David Shane,
Independent Director -
Andrew Juster,
Independent Director -
Patrick O'Brien,
Independent Director -
Anne Sellers,
Independent Director -
Sue Gilroy,
Independent Director -
Scott A. Evans,
COO, Pres & Director -
Terry Oznick,
Senior Vice President, General Counsel -
Kevin Langford,
Senior Vice President and Chief Administrative Officer of Merchants Bank -
Martin Schroeter,
President – Warehouse Lending -
Susan Kucer,
Indianapolis Market President of Merchants Bank -
Jerry Koors,
President - Merchants Mortgage -
Scott Evans,
Lynn Market President and Chief Operating Officer of Merchants Bank -
John Macke,
Chief Financial Officer of Merchants and Merchants Bank -
Randall Rogers,
Vice Chairman of the Board -
Martin A. Schroeter,
Pres of Warehouse Lending -
Susan Dehner Kucer,
Pres of Indianapolis Market -
Terry Oznick,
Sr. VP & Gen. Counsel -
Kevin T. Langford,
Sr. VP & Chief Admin. Officer -
Jeffery L. Scott,
Pres & Exec. VP of SBA Lending -
Rebecca Marsh CFMP,
VP of Marketing & Communications and Chief Information Security Officer -
Tami Durle,
Mang. SEC Reporting -
John F. Macke,
Exec. VP & CFO -
John W. Perry,
Director -
Richard L. Belser,
SVP, Chief Credit Officer -
Bill D. Buchanan,
Senior Vice President, CAO -
F. Petrie Grantor Retained ...,
10% owner -
Jody J. Petrie,
10% owner -
Mary H. Rogers,
10% owner -
Randall D. Rogers,
Vice Chairman -
Thomas Dinwiddie,
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Tamika Catchings,