Merchants Bancorp.
MBIN.US | Other monetary intermediation
Merchants Bancorp is a diversified financial services company providing multi-family housing and healthcare facility financing and servicing, mortgage warehouse lending, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. The company operat...Show More
Better Health for All
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No evidence available to assess Merchants Bancorp on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Merchants Bancorp on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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In 2024, the CEO to median employee pay ratio was 25:1, with the CEO's compensation at $2,939,929 and the median employee compensation at $115,951.
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Employee feedback indicates an overall rating of 4.4 out of 5 stars and a 91% recommendation rate from employees.
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The company's subsidiaries, Merchants Bank and Merchants Capital, received the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally in the 500-999 employee category, based on anonymous employee feedback.
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Fair Trade & Ethical Sourcing
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Merchants Bancorp is a financial services company.
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The company does not procure or trade physical commodities, therefore the KPIs related to fair-trade certification and materials risk are not applicable.
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The company's Code of Conduct emphasizes ethical conduct with suppliers,
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but no evidence is provided on the percentage of supplier contracts that include enforceable ethical-sourcing clauses.
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Similarly, while the company has a 'Supplier Diversity' initiative and strives to provide resources for underserved communities, no specific percentage of procurement budget directed to diverse suppliers is provided for MBIN.US.
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Honest & Fair Business
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Merchants Bancorp has established procedures for handling complaints regarding accounting, internal controls, or auditing matters, including anonymous submissions.
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A policy prohibiting retaliation against whistleblowers is in place, and whistleblowers may receive rewards up to 30% of any successful SEC recovery.
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However, specific details on internal reporting mechanisms, hotlines, or investigation procedures are not provided.
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Six out of eleven directors are independent, representing approximately 54.5% of the board.
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The Audit Committee Charter requires its members to be independent according to SEC rules and NASDAQ listing requirements, with restrictions on participation in financial statement preparation and simultaneous audit committee service.
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A Code of Conduct explicitly prohibits bribery, kickbacks, and other unlawful remuneration, emphasizing compliance with applicable laws and regulations, including the FCPA.
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However, details on training, third-party due diligence, or specific reporting procedures for anti-corruption are not provided.
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FORVIS, LLP has been appointed as the independent registered public accounting firm for 2024, and the Audit Committee Charter outlines the selection and retention of an independent registered public accounting firm for audit, including pre-approval of audit and permitted non-audit services, and review of internal quality control procedures, peer reviews, and PCAOB reviews.
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Kind to Animals
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Merchants Bancorp is a financial services company, and its core business activities do not involve animal-derived products, animal testing, animal agriculture operations, or direct impact on wildlife habitats. The company's offerings, such as multi-family housing and healthcare facility financing, mortgage warehouse lending, residential mortgage banking, agricultural lending, and community banking, do not intersect with the specific animal welfare metrics assessed by this rubric.
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Therefore, all KPIs related to animal welfare are not applicable to its operations.
No War, No Weapons
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No specific, concrete evidence regarding Merchants Bancorp's involvement in arms manufacturing, military contracts, dual-use technology, sales to sanctioned regimes, peacebuilding initiatives, divestment policies, board oversight of defense activities, export controls, lobbying on arms control, humanitarian procurement, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, UN Guiding Principles alignment specific to conflict, dual-use screening, surveillance transparency, ethical red lines on weapons, controversial weapons exposure, war risk audits, conflict partner reviews, defense divestment, conflict minerals, peace tech investment, or conflict zone procurement was found in the provided articles.
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Therefore, no KPIs can be scored.
Planet-Friendly Business
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No specific, quantitative data for Merchants Bancorp (MBIN.US) was found across any of the provided articles for the Planet-Friendly Business KPIs. The articles either focused on general banking industry trends, other companies, or explicitly stated that no data was available for MBIN.US regarding its environmental performance, emissions, targets, or initiatives.
1
Proprietary scores like the DitchCarbon Score or general ESG risk ratings are not directly mappable to the specific quantitative KPIs in the rubric.
Respect for Cultures & Communities
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The provided articles detail Merchants Bancorp's general community reinvestment and charitable activities. The company received an 'outstanding' performance rating from the FDIC for its Community Reinvestment Act (CRA) activities in 2023.
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In 2023, it facilitated nearly $2 million in FHLBI grants and provided over $1 million in funding to more than 80 local nonprofits.
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Employees volunteered over 4,000 hours in 2023, with over 1,200 dedicated to community development organizations.
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However, no specific, quantitative data is available for any of the defined KPIs related to formal partnerships with indigenous or local community groups, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous supplier count, cultural site protection, social license to operate, charitable giving specifically to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion.
Safe & Smart Tech
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Merchants Bancorp experienced a data breach on September 11, 2024, affecting 6,113 individuals.
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The breach involved unauthorized access to an employee email account, compromising sensitive personal and financial information.
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The breach was discovered on February 24, 2025, and disclosed to affected customers on March 25, 2025, and to the Maine Attorney General on April 10, 2025.
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This constitutes a breach within the past three years affecting less than 1 million users, with disclosure occurring approximately one month after discovery. No evidence of unauthorized data use was found.
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The company disclosed the breach to the Maine Attorney General, and no other regulatory actions, fines, or compliance issues were mentioned.
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Zero Waste & Sustainable Products
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No specific, concrete data points related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education for MBIN.US (Merchants Bancorp) were found in the provided articles.
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The articles either pertained to a different company (The Bancorp)
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or explicitly stated a lack of relevant data for the specified topics.
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