 CARMEL, Ind., March 23, 2021 PRNewswire -- Merchants Bancorp Merchants Nasdaq: MBIN, parent company of Merchants Bank of Indiana, today announced the closing of its previously announced underwritten public offering of 6,000,000 depositary shares, each representing a 140th interest in a share of its 6.00 Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of 25.00 per depositary share. 