Merchants Bank Acquires NattyMac

Merchants Bank is a diversified bank holding company operating multiple lines of business with a focus on Federal Housing Administration ("FHA") multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail, and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $3.8 billion in assets and $3.3 billion in deposits as of September 30, 2018, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, RICHMAC Funding LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. Merchants Bank was founded in 1990 and is based in Carmel, Indiana.

Stonegate Mortgage Corporation is a specialty financial services firm focused on the U.S. residential mortgage market. Founded in 2005, Stonegate Mortgage originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage’s operational excellence, financial strength and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market.